000 03472nam a22004577a 4500
001 sulb-eb0024837
003 BD-SySUS
005 20160413122458.0
007 cr nn 008mamaa
008 130428s2013 gw | s |||| 0|eng d
020 _a9783642369230
_9978-3-642-36923-0
024 7 _a10.1007/978-3-642-36923-0
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
110 2 _aCMR of Xiamen University.
_eauthor.
245 1 0 _aChina's Macroeconomic Outlook
_h[electronic resource] :
_bQuarterly Forecast and Analysis Report, September 2012.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aXIII, 40 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aCurrent Chinese Economic Report Series,
_x2194-7937
505 0 _aReview of Macroeconomic Performance in the First Half of 2012 -- Forecast for 2012-2013 -- Policy Simulation -- Policy Implication and Recommendations -- Comments and Discussions.
520 _aOwing to the decline in domestic investment and trade with the rest of the world, China’s real GDP in the first half of 2012 was lower than expected. Based on forecasts from China’s Quarterly Macroeconomic Model (CQMM), the slowdown of the growth rate in 2013 will be moderate as a result of modestly proactive macro control policy. GDP would grow at 8.01 percent in 2012, and then rebound to 8.29 in 2013; CPI would fall to a 2.9 percent in 2012, and then would pick up to 3.27 percent in 2013. In the scenario in which the sovereign debt crisis in the euro area worsened in the second half of 2012, real GDP is forecast at 7.71 percent for 2012 and 7.5 percent for 2013. Even if the external economic environment becomes worse, China’s growth is expected to stay at above 7.5 percent, which might be a steady growth rate for the near future. If China plans to achieve a higher growth rate by launching the “2 trillion massive investment package”, the growth rate of GDP could be increased to 8.25 and 8.86 percent in 2012 and 2013 with a risk of inflation and worsening economic structure. The policy implication from CQMM: on one hand the Chinese government should be able to maintain the growth rate of around 8 percent by means of timely fine-tuning of monetary policies; on the other hand, the emphasis of the micro control should be placed on structural adjustments through fiscal policies. In the long run, deepening economic, social and institutional reform will be crucial to remove the significant structural imbalance and institutional barriers to market competition, to accelerate the transformation of economic development patterns, and finally to maintain a sustainable growth rate.  .
650 0 _aMacroeconomics.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642369223
830 0 _aCurrent Chinese Economic Report Series,
_x2194-7937
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-36923-0
912 _aZDB-2-SBE
942 _2Dewey Decimal Classification
_ceBooks
999 _c46929
_d46929