近期大陸經濟增長與波動的分析

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(22) ••~~~~~*o~~,=oo-~mw.*~~ fi~~~ft~~~~**o~.WD~**~~m •• '-.~-OOO~~~~~. ~~m~~mw~~~~.,~. Ani. ~~.;=.m~~W~~~**,~~.~~**~~-ooo~fiM~~;~. ~.WD.m.~~. ••~~.WD~*fi-®.OO~.o~~'=OO-~WD~. **r-.FtE~~~+~~. 0. **it~. ct~;fJT' =OO-~~.~*g1.t~=OOO~~fi~/J\' ~.~g~.. ~d\OmM=OO-~*.~~~~~*H.~~~ff~~'~~~**~=OOO ~~f~o. *. *. *. In deflatio adjustrr. to the d. Thl. an acth. force to policy \\. the eCOIl supply a growth. I. mentalI). economi. to the dr. Bas supplyaJ. In the fut. regulatio economy. Keyworc.

(23) fiM*.~~. ~)j(II4f1. ~'U3C" ~. ;. ::te [:::U'. tWilBJUI. :000. ••••. ~~~m. An Analyses of Recent Economic Chang. in Mainland China Shu-fen Hung. Abstract In the nineties, the Mainland China's economy was influenced by inflation, deflation, and the Asian financial crisis. At this time, systemic refonn, structural adjustment, as well as insufficient demand and adjustment of supply all led to the decline of the economic growth rate. The economy of China revived in the year 2000. The main reason was an active economic policy whereby the government used debt as a driving force to spur domestic investment and international trade. Apparently, this policy was influenced by short tenn favorable factors. Factors which influenced the economic decline in the nineties -such as economic structure, ineffective supply and insufficiently effective demand, weakened social investment, slow growth of farmer income, increased unemployment- did not change funda mentally. Therefore, the economic growth was mainly recovery, and the economic problems were still deep. The expectation of global recession due to the drag of American's boom cast uncertainty on China. Basically, economic growth in China had not reached a hannony between supply and demand. Therefore, extraordinary economic growth is now history. In the future, economic expansion should be relatively stable. The macro-economic regulation policy of the government will influence the future growth of the economy. Keywords: economic growth; macroeconomy; aggregate demand; aggregate supply. ~.

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