Considerations about the Economic Growth of the Chinese Economy Since the 1990s

The article shows how fiscal policy (public spending, subsidies, and fiscal incentives), monetary policy (credit expansion and low interest rate), exchange rate policy in which the Chinese strategy is to maintain an overvalued exchange rate, trade policy, especially after December 2001 when China became a member of the World Trade Organization (WTO), and institutional reforms, such as administrative and, mainly, tax reform, were important to stimulate the economic growth in China and also help the country to catch-up the richer countries in terms of GDP value, access to technology, capital stock accumulation, and so on, over the period 1990-2024.

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Publication Details

Journal
Chinese Studies
Published
2025-01-01
DOI
https://doi.org/10.4236/chnstd.2025.142009
Primary Topic
China's Socioeconomic Reforms and Governance
Type
article
Field-Weighted Citation Impact
0.00
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article

Considerations about the Economic Growth of the Chinese Economy Since the 1990s

Fernando Ferrari Filho, Cláudio Tessari
Chinese Studies
China's Socioeconomic Reforms and Governance
article

Considerations about the Economic Growth of the Chinese Economy Since the 1990s

Fernando Ferrari Filho, Cláudio Tessari
article en

Abstract

The article shows how fiscal policy (public spending, subsidies, and fiscal incentives), monetary policy (credit expansion and low interest rate), exchange rate policy in which the Chinese strategy is to maintain an overvalued exchange rate, trade policy, especially after December 2001 when China became a member of the World Trade Organization (WTO), and institutional reforms, such as administrative and, mainly, tax reform, were important to stimulate the economic growth in China and also help the country to catch-up the richer countries in terms of GDP value, access to technology, capital stock accumulation, and so on, over the period 1990-2024.

Chinese StudiesVol. 14(02)
Decent work and economic growth
Openalex Percentile: Top 88%
China's Socioeconomic Reforms and Governance
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