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II Initial Conditions and Special Characteristics of Chinese Reform

II Initial Conditions and Special Characteristics of Chinese Reform »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

This section reviews some of the economic conditions at the start of the reform era and certain characteristics of the economic environment during the period. It highlights a number of special features of th...

III Reform of the Domestic Economy

III Reform of the Domestic Economy »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

From 1978 to 1992, the Chinese leadership adopted a series of market-oriented reforms to reinvigorate the domestic economy. Although the reforms initiated were wide-ranging, they did not follow any systemati...

IV Opening Up and External Policies

IV Opening Up and External Policies »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

A key feature of the Chinese reforms was the gradual opening of the economy to the rest of the world and the concomitant change in the official attitudes to foreign trade and investment. The approach was ini...

V Decentralization and Regional Development

V Decentralization and Regional Development »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

China’s regional policy has been crucial in stimulating reform and, by the same token, high regional growth rates have contributed to the macro-economic imbalances that have periodically developed. Analysis...

VI Economic Impact of Reform

VI Economic Impact of Reform »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

China’s reforms were manifested in impressive output gains, particularly in agriculture, in the nonstate industrial sector and in external trade. On the negative side, the industrial sector has been retarded...

VII Conclusions

VII Conclusions »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

The purpose of this paper has been to review the evolution of market-oriented reforms in China, assess the impact on the economy, and draw policy implications for framing future reform strategy. A number of...

Appendix I Summary of Structural Reforms

Appendix I Summary of Structural 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

Status up to 1993 Planned Reform Measures Implement...

Appendix II Money, Activity, and Prices in China: An Analysis of Causality

Appendix II Money, Activity, and Prices in China: An Analysis of Causality »

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 principal purpose of this analysis is to study the joint movements of prices, activity, and monetary and credit variables in China over the past decade. The aim is twofold. Firs...

Appendix III Import Demand in China

Appendix III Import Demand in China »

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 the process of opening up to the outside world in the late 1970s, the rote of external trade in China’s economy has grown dramatically. 106...

Appendix IV The Demand for Money in China

Appendix IV The Demand for Money in China »

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 Chinese authorities’ decision to accelerate reforms of the banking system and the financial sector, with a view to moving to a system of monetary control through indirect, marke...