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Expanding Domestic Demand: A Vital Strategic Guideline

  • Xinli Zheng
Chapter

Abstract

The pressing problem for China’s economy in 1998 was that China’s export growth was greatly weakened by the Asian financial crisis. The estimated export growth stood at 10% earlier that year, but registered a negative growth in May, in which case the pull effect of exports on economic growth was weakened. Serious floods also led to loss of lives, property and livelihoods for people in disaster stricken areas which also affected production and transportation.

Copyright information

© The Commercial Press, Ltd. and Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.China Center for International Economic ExchangesBeijingChina

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