Abstract
This paper examines specific maeroeconomic issues relative to China's economic growth with stability. China's relatively high rate of growth in the 1980s came to be challenged by a high rate of inflation in 1988–1989. Two sets of questions are examined here: (i) first, a “trade-off” between growth and stability during the 1980s and deterioration of the terms of the trade-off; and (ii) second, primary causes of fluctuations in China's macroeconomic variables. In the process, we study the central role of China's public sector in money supply and a policy of closer integration of the Chinese economy into the international economy. ( JEL 042, 053)
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