This book aims to discuss the new opportunities and challenges facing China's economy under the background of global economic adjustment and China's corresponding strategy and policy choice.
In the past decade, fiscal and monetary policies have played an important and positive role in China's stable economy growth.
Faced with the new macro-economy pattern as a result of economic globalization and global economic adjustment, and with the requirements of building a new macro control system, it is necessary to give a new interpretation to the successful coordination between fiscal and monetary policies. In the context of globalization, how should China's reformations and "opening-up" continue forward while guaranteeing economy's sustainable growth, social harmony and political progress?
To balance the role of government and the market, and to make the market effective in the world of globalization, will inevitably a big policy challenge that should be treated seriously by both the government and academic institutions. This book looks into China's economic growth and policy mix in the context of global economic adjustment from a historical perspective where the long-term evolution of macro-economy is considered.
It provides new theoretical explanations to important issues such as: global economic adjustment and China's policy choices; institutional reform, the degree of openness and factors behind China's economic growth; global economic adjustment and mix pattern of fiscal and monetary policies; and more.