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II Exchange and Trade System Reforms

II Exchange and Trade System Reforms »

Source: Economic Reform in China : A New Phase

Series: Occasional Papers

Author(s): David Burton , Wanda Tseng , Kalpana Kochhar , Hoe Khor , and Dubravko Mihaljek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1994

ISBN: 9781557754219

Keywords: foreign exchange, inflation, monetary policy, banking, tax administration

At the outset of the reform process in 1978, almost all foreign trade was subject to planning and was carried out through a handful of foreign trade corporations (FTCs). Since then, as part of the reform pro...

III Monetary Policy and Financial Sector Reforms

III Monetary Policy and Financial Sector Reforms »

Source: Economic Reform in China : A New Phase

Series: Occasional Papers

Author(s): David Burton , Wanda Tseng , Kalpana Kochhar , Hoe Khor , and Dubravko Mihaljek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1994

ISBN: 9781557754219

Keywords: foreign exchange, inflation, monetary policy, banking, tax administration

Since the inception of market-oriented reforms in China more than 15 years ago, the role, instruments, and conduct of monetary policy have undergone significant changes, as has the structure of the banking a...

IV Fiscal System Reforms

IV Fiscal System Reforms »

Source: Economic Reform in China : A New Phase

Series: Occasional Papers

Author(s): David Burton , Wanda Tseng , Kalpana Kochhar , Hoe Khor , and Dubravko Mihaljek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1994

ISBN: 9781557754219

Keywords: foreign exchange, inflation, monetary policy, banking, tax administration

Fiscal policy in China has operated in a difficult environment in recent years. The central government’s influence on public finances weakened, and budget deficits persisted. At the same time, ongoing reform...

V Investment System Reform

V Investment System Reform »

Source: Economic Reform in China : A New Phase

Series: Occasional Papers

Author(s): David Burton , Wanda Tseng , Kalpana Kochhar , Hoe Khor , and Dubravko Mihaljek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1994

ISBN: 9781557754219

Keywords: foreign exchange, inflation, monetary policy, banking, tax administration

The recurring macroeconomic cycles in China during the past 15 years have been largely attributed to the excessive outlays on fixed investment by SOEs and local governments. 70 Th...

VI State Enterprise Reform

VI State Enterprise Reform »

Source: Economic Reform in China : A New Phase

Series: Occasional Papers

Author(s): David Burton , Wanda Tseng , Kalpana Kochhar , Hoe Khor , and Dubravko Mihaljek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1994

ISBN: 9781557754219

Keywords: foreign exchange, inflation, monetary policy, banking, tax administration

Notwithstanding the experiments with enterprise reforms undertaken since the early 1980s, deep structural problems remain in the SOE sector. 79 It is increasingly recognized that...