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China’s Macroeconomic Outlook = Quar...
~
CMR of Xiamen University.
China’s Macroeconomic Outlook = Quarterly Forecast and Analysis Report, February 2014.
Record Type:
Language materials, printed : Monograph/item
Title/Author:
China’s Macroeconomic Outlook/
Reminder of title:
Quarterly Forecast and Analysis Report, February 2014.
Corporate Body:
CMR of Xiamen University.
Description:
XI, 66 p. 37 illus.online resource. :
Contained By:
Springer Nature eBook
Subject:
Macroeconomics. -
Online resource:
https://doi.org/10.1007/978-3-662-45865-5
ISBN:
9783662458655
China’s Macroeconomic Outlook = Quarterly Forecast and Analysis Report, February 2014.
CMR of Xiamen University.author.
China’s Macroeconomic Outlook
Quarterly Forecast and Analysis Report, February 2014.[electronic resource] : - 1st ed. 2015. - XI, 66 p. 37 illus.online resource. - Current Chinese Economic Report Series,2194-7937. - Current Chinese Economic Report Series,.
Preface -- Introduction -- A Review of China’s Economy in 2013 -- Forecast of China’s Economy for 2014-2015 -- Policy Simulations -- Policy Implications and Recommendations -- Comments and Discussion -- A Survey of China’s Macroeconomic Performance in 2014.
This book provides key insights into how to control local government debts and optimize the makeup of debts in China. The rapid growth of investment in infrastructure on the part of local governments has offset the slowdown of investment growth in manufacturing and real estate and maintained the growth rate of 7.7% in 2013. However, local governments’ debts have accumulated, which increases the risk of debt default and threatens the stability of China’s financial system. The research suggests that increasing the proportion of issuing bonds in total debts would be the first step toward eliminating the debt risk. Second, the Chinese government should play its part; and lastly, the government should relinquish its administrative control and monopoly in order to allow the service industry to further develop.
ISBN: 9783662458655
Standard No.: 10.1007/978-3-662-45865-5doiSubjects--Topical Terms:
554837
Macroeconomics.
LC Class. No.: HB172.5
Dewey Class. No.: 339
China’s Macroeconomic Outlook = Quarterly Forecast and Analysis Report, February 2014.
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Preface -- Introduction -- A Review of China’s Economy in 2013 -- Forecast of China’s Economy for 2014-2015 -- Policy Simulations -- Policy Implications and Recommendations -- Comments and Discussion -- A Survey of China’s Macroeconomic Performance in 2014.
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This book provides key insights into how to control local government debts and optimize the makeup of debts in China. The rapid growth of investment in infrastructure on the part of local governments has offset the slowdown of investment growth in manufacturing and real estate and maintained the growth rate of 7.7% in 2013. However, local governments’ debts have accumulated, which increases the risk of debt default and threatens the stability of China’s financial system. The research suggests that increasing the proportion of issuing bonds in total debts would be the first step toward eliminating the debt risk. Second, the Chinese government should play its part; and lastly, the government should relinquish its administrative control and monopoly in order to allow the service industry to further develop.
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