The Economy of China
论文作者:www.51lunwen.org论文属性:作业 Assignment登出时间:2014-06-09编辑:lzm点击率:11761
论文字数:5812论文编号:org201406091417102847语种:英语 English地区:中国价格:免费论文
关键词:The Economy of China经济增长中国政府经济政策bright prospect
摘要:From this paper you can grasp a general idea of the Chinese economy. Nevertheless, the PRC is still a lower-middle-income country, with many millions of people living on less than $1 a day. Reducing poverty remains a daunting challenge, as does raising the welfare of millions living just above poverty.
Abstract
This paper examines empirically the relationship between economic growth and the Chinese government’s economic polices by analyzing the quantities of economic performance. The result shows that the optimization of economic polices push the economic growth up, and to the financial reform. Moreover, this article talks about our economic goals on the basis of the national economic growth and how to develop a healthy economic performance. In addition , we also analyze the current economic situation focusing on the current problems, striking to find keys to them and improve our living standard.
Materials Recourse: Angus.(2008); Shi and Li.(2008); Zhou Muzhi.(2008); et. https://www.chinadaily.com.cn ; https://english.gov.cn. https://www.pbc.gov.cn/english/
Introduction
China’s economy is huge and expanding rapidly. In the last 30 years the rate of Chinese economic growth has been almost miraculous, averaging 8% growth in Gross Domestic Product (GDP) per annum. The economy has grown more than 10 times during that period, with Chinese GDP reaching 3.42 trillion US dollars by 2007. In Purchasing Power Parity GDP, China already has the biggest economy after the United States. Most analysts project China to become the largest economy in the world this century using all measures of GDP. This paper analyses the Chinese economy in recent years from a perspective view. Chapter II takes a closer look at the Chinese economic policies and targets that set by Chinese government, including the fiscal, monetary, trading and economic growth policies adopted by China government in the past 10 years. Chapter Ⅲ identifies the overview of Chinese economy, that is, Chinese performance in the economy in the past years. Chapter Ⅳ makes out some suggestions about how to soundly develop the economy in the future. Chapter Ⅴ concludes our general ideas that our economic aim is to build a harmonious and moderately prosperous society. To achieve the goal, the Government will address its development challenges through a balanced
strategy that aims to build a harmonious society and a socialist market economy that is energy-efficient and environmentally friendly.
The monetary policies
The Chinese government’s monetary policy instruments applied by the PBC(People's Bank of China ) include reserve requirement ratio, central bank base interest rate, rediscounting, central bank lending, open market operation and other policy instruments specified by the State Council. The objective of the monetary policy is to maintain the stability of the value of the currency and thereby promote economic growth.In 1998, the national bank credit quota was scrapped and the PBC in theory has had to rely on adjusting its own balance sheet to manage the monetary base. Since then, the PBC has tried to develop the influence of the interest rate. The tools for influencing money creation in China are now mostly present. However, they are not yet as effective as they need to be to enable the PBC to run an effective monetary policy. Consider the three main ones: OMO, discount rate and reserve requirements. Open market operations in China began in October 1998, when the PBC started cash trading of bonds. In comparison to repos, bills can be traded, which improves liquidity, and regular bill auctions allow an interest rate benchmark to be formed. The PBC has
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