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Macroeconomic Analysis for First Quarter 2013

Quarterly Economic Brief

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Field Value
 
Title Macroeconomic Analysis for First Quarter 2013
 
Creator Zhang, Shuguang; Unirule Institute of Economics
Zhang, Chi; www.china-review.com
 
Description In the first quarter, China’s GDP grew 7.7%, industrial value added rose 9.5% and the CPI climbed 2.4%, lower than the same period last year and last quarter, as opposed to general predictions. But the decelerating growth presents a good opportunity for economic restructuring and transformation. The balance of broad money (M2) exceeded RMB 100 trillion. However, we cannot determine whether the issue was excessive simply by observing the operation of monetary policy. Instead, we should further check the mechanism adopted by the government for money creation. The on-going gaming in China’s property market indicates that policy is defective, and is related to the special money creation mechanism. Finally, the Ministry of Railways was dismantled and the China Railway Corporation created to separate the functions of the government from those of the enterprise, although they are still economically bonded. By settling the ministry’s debts, property rights and operating responsibilities should be clearly defined, leading to further railway reform.
 
Publisher Asia Research Centre, CBS
 
Date 2013-07-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://ej.lib.cbs.dk/index.php/qeb/article/view/4108
 
Source Quarterly Economic Brief; No 2 (2013)
 
Language eng
 
Relation http://ej.lib.cbs.dk/index.php/qeb/article/view/4108/4484