In the 1990s China’s economy started on the base of a low growth rate which was produced during the rectification of the overheated economy in the late 1980s.The annual growth rate of GDP rose rapidly from 3 8 percen...In the 1990s China’s economy started on the base of a low growth rate which was produced during the rectification of the overheated economy in the late 1980s.The annual growth rate of GDP rose rapidly from 3 8 percent(the lowest point) in 1990 to 14 2 percent(the highest point) in 1992.Up to 1993 when the growth rate fell steadily to 7 1 percent in 1999,a continuous decrease was recorded for 7 years.Thanks to the expansionary policy which the Chinese government put into action in 1997 with the purpose to create modestly loose conditions based on the steady fall of the growth rate,the development of China’s economy still remained in the high rank with regard to the speed in the world.This contributed a lot to the stabilization of the economy in East Asia and in the world.In the fature it will be a very attractive perspective,if China’s economy at an average growth rate of 7—8 percent at the start of the 21st century could produce an effect better than that produced by the growth at a rate of about 10 percent in the past and provide more jobs.According to the medium and long term plan of economic development,China’s GDP will be doubled in the first 10 years of the coming century.It means that the average growth rate will be 7 2 percent per year,This is a relatively realistic consideration.展开更多
文摘In the 1990s China’s economy started on the base of a low growth rate which was produced during the rectification of the overheated economy in the late 1980s.The annual growth rate of GDP rose rapidly from 3 8 percent(the lowest point) in 1990 to 14 2 percent(the highest point) in 1992.Up to 1993 when the growth rate fell steadily to 7 1 percent in 1999,a continuous decrease was recorded for 7 years.Thanks to the expansionary policy which the Chinese government put into action in 1997 with the purpose to create modestly loose conditions based on the steady fall of the growth rate,the development of China’s economy still remained in the high rank with regard to the speed in the world.This contributed a lot to the stabilization of the economy in East Asia and in the world.In the fature it will be a very attractive perspective,if China’s economy at an average growth rate of 7—8 percent at the start of the 21st century could produce an effect better than that produced by the growth at a rate of about 10 percent in the past and provide more jobs.According to the medium and long term plan of economic development,China’s GDP will be doubled in the first 10 years of the coming century.It means that the average growth rate will be 7 2 percent per year,This is a relatively realistic consideration.
