1. Top Priority Must Be Given to the “Dual Prevents” in
Ongoing Macroeconomic Control Initiatives ..................... 1
Chen Jiagui
2. China’s Economic Situation: Analysis & Forecast,
2007–2008 ........................................................................... 7
China’s Economic Situation Analysis and Forecast Project Group,
Institute of Economics, CASS
3. China’s Great Virtuous Cycle of Cyclical Economic
Fluctuations .......................................................................... 21
Liu Shucheng
4. China’s Macroeconomic Situation and Policies: 2007–2008 37
School of Economics, Renmin University of China
5. Analysis and Forecast of the Economic Climate and Price
Situation, 2007–2008 ........................................................... 49
Chen Lei, Liang Yunfang, Qiu Sheng’e
6. Establishing a Long-Term Mechanism for Increasing
Agricultural Output and Farmers’ Incomes ....................... 75
Zhang Xiaoshan
7. Analysis of Industrial Enterprises’ Earning Performance ... 93
Jin Bei, Li Gang
8. Analysis of China’s Capital Goods Market in 2007 and
Prospects for 2008 ............................................................... 111
Chen Kexin, Chen Zongqun
9. Analysis of China’s Financial Situation and Monetary
Policy in 2007 ...................................................................... 123
Li Yang, Peng Xingyun
10. Currency Operations under the Dual Pressures of
Accelerated Economic Growth and Price Infl ation ........... 153
Wang Yi, Zhang Lisheng, Chen Hao
11. Analytical Prediction of China’s Tax Revenue and
Economic Operations in the Near Future .......................... 171
Zhang Peisen
12. Review of the Shanghai Stock Exchange in 2007 and Its
Prospects for 2008 ............................................................... 181
Wu Qian, Zhu Pingfang
13. Analysis of China’s Trade in 2007 and Prospects in 2008 199
Pei Changhong, Peng Lei
14. Analysis of China’s Foreign Capital Utilisation Trends,
2007–2008: Stabilising Expectation, Expanding Scale,
and Structural Improvements ............................................. 215
Jiang Xiaojuan
15. Employment Expansion, Improvement of Distribution,
and Sustainable Growth ...................................................... 233
Cai Fang
16. Analysis of Trends in China’s Fast-Growing Economy and
Energy Conservation and Emission Reduction Targets .... 251
Qi Jianguo
vi contents
17. The Development of and Prospects for Beijing’s Olympic
Economy .............................................................................. 271
Cai Bing
18. Analysis of the Real Estate Market in 2007 and
Projections for 2008 ............................................................. 283
Pu Zhan
19. How to Look at China’s Current Price Situation .............. 295
Zhao Jingxing
Appendix: Statistics ..................................................................... 311
Shen Lisheng
Index ........................................................................................... 319
Chen Jiagui is the vice president of the Chinese Academy of Social Sciences (CASS), member of the Institute of Economics of CASS, holds a PhD in Economics, and is a doctoral advisor with major research interests in industrial economy, business economy, enterprise reform, and business management.
Description:
China’s national economy maintained sustained rapid growth due to the overall favorable economic situation. Certain problems remain, however, which urgently require solutions: if these are not effectively addressed, they will have an adverse impact on the country’s sound, rapid development. China’s national economy has maintained a high rate of growth since 2007, but is now tending to overheat, a trend which is characterized by an excessively high economic growth rate, a still powerful trio of factors driving economic growth, significant rises in consumer prices, and continuous rises in asset prices.
It is increasingly difficult to implement macroeconomic regulation under current conditions, for various reasons: diversification is affecting the strength and effectiveness of macroeconomic regulation, while the real economy is now developing rapidly and is increasingly difficult to adjust. Furthermore, economic expectations, due to surplus liquidity and negative interest rates, are aggravating asset price inflation. Finally, no institutional reform has been implemented, which is a significant factor behind this increasing level of difficulty.
Against the current background of high levels of economic growth and increasing difficulties in macroeconomic regulation, it is necessary to improve macroeconomic regulation and increase its effectiveness. Fiscal policy should increase support for structural adjustments and monetary policy should be tightened appropriately. The first way is to reduce the excessively
**Statement: The English version of the China Yearbooks is in co-publication with Brill. To order the English Yearbooks, please contact Brill at sales@brill.nl
京公网安备 11010202010375号 新出网证（京）字094号
