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Abstract

Since the onset of reform, the Chinese economy has enjoyed unusually rapid growth. Some observers are even talking of another Asian ‘economic miracle’ in the making. The high GDP growth rate over a period of nearly 20 years reflects a tremendous level of sustained industrial expansion. Unlike most other transition economies, China has not been plagued by a lack of growth. On the contrary, it has sometimes had difficulty coping with the speed of growth. Several times, the government has had to take measures to allow the economy to cool down.

Keywords

Capita Income Rich Country Purchase Power Parity Market Exchange Rate Rich Quintile 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The United Nations University/World Institute for Development Economics Research 2000

Authors and Affiliations

  • Lu Aiguo
    • 1
  1. 1.Institute of World Economics and PoliticsChinese Academy of Social SciencesBeijingChina

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