改革以來(lái)中國(guó)經(jīng)濟(jì)周期波動(dòng)分析(英文)-資料下載頁(yè)
2025-10-09 15:33本頁(yè)面
【正文】 ual growth rate of the fixed investment in 2021 is 28%, the first quarter of 2021 is 43%, the first half of 2021 is % ● The annual growth rate of export in 2021 is 37%, the first half of 2021 is % (3)Causes of Investment Expansion Directed or pushed by the new term local governments because of the growth petition. Credit expansion because of the pressure of the bank system to reduce the bad asset rate. 5. Conclusion:The Characteristics of China’s Business Cycles (1) The 4 Cycles since the reform shows the high economic growth in China is unstable, and costs of fighting inflation or deflation is huge. But generally, the macroeconomic policies are paratively successful. They make inflation or deflation under the control. This is because that the central government of China has strong administrative power. (2) China’s business cycles are not the real ones of the mature market economy. They are affected greatly by the behaviors and policies of governments. So they are the political cycles in great extent. (3) The cyclical fluctuation of China’s economy is with the characteristics of the fast developing economy and the gradual transition economy. The problems of the SOEs, the SOBs and the rural areas and agriculture restrain the effective and healthy work of macroeconomy in great extent. (4) Because the degree of opening to the world is very high, China’s economic fluctuation has been more and more affected by the change of the world economy and the outside shocks. The ―international factors‖ in the China’s economy are more and more important.
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