Conquer the storm, learn from the experience.

Author: World Bank Writing Group for this Book
Publisher:
Publish Date: 1999-07-01
Features: Brief Introduction The organizational structure of this report is arranged as follows: Chapter 1 sets the context of economic development since 1991, describes the economic situation in China over the past two years, focuses on the policy stance of the Chinese government, analyzes the effects of domestic demand stimulus policies, and identifies the determining factors for the future effectiveness of policies. Chapter 2 focuses on the vulnerabilities of the financial and corporate sectors, describes recent reform measures, and elaborates on China's public investment policies. Chapter 3 analyzes the impact of macroeconomic shocks on employment and income distribution, primarily discussing the labor market, external shocks and trade conditions, as well as public spending and fiscal choices. Chapter 4 focuses on macroeconomics: prospects, policy coordination, and the linkages with the global economy. Chapter 5 draws out the relationship between promoting growth and corporate and financial sector reforms. Chapter 6 offers recommendations for addressing social issues and highlighting the increasingly important role of household consumption in China's structural reforms.