Conjunctura economiei mondiale / World Economic Studies, 2015
The Chinese premier Li Keqiang described the 2014 framework as â€œcomplicated and challengingâ€ for China, with economy facing increased pressures and â€œâ€¦more difficulties and challenges than had been anticipatedâ€ . In its turn, the annual Statistical Communique of the PRC on the 2014 National Economic and Social Development released by the National Commission of Statistics spoke about a â€œdifficult and volatile international environmentâ€ which has rendered the task of â€œmaintaining domestic development, reform and stabilityâ€ very difficult. Such accounts complemented the numerous Western analyses, articles and studies which, all along 2014, have expressed concerns regarding the Chinese economyâ€™s capability to stay stable and maintain a sufficiently high GDP growth rate. Under the general, comparatively more drastic, background of the year 2014, the government refrained from implementing ample stimulus programs, accepting and promoting the idea of a â€œnew normalâ€ of Chinese economy, defined by considerably lower growth rates and by abandoning quantitative targets in favour of a new focus on quality, innovation and higher economic performance. Looking at Chinese economy in 2014 â€“ which is considered the starting year of â€œthe era of multilateral reform deepeningâ€ - this article brings forward and explains the main macroeconomic developments, reform steps and signs of economic rebalancing, by commenting both upon the most significant economic indices (such as GDP growth rate, inflation, new jobs and unemployment, personal income, fixed investments, foreign and outbound direct investments, industrial output, domestic and foreign trade data, foreign reserves, yuan exchange rate, etc.), upon recent relevant phenomena having an important bearing on economy (such as population aging, vanishing demographic dividend, or the explosive e-commerce development), as well as on the 2015-2016 economic outlook.
Keywords: China; Chinese economy; economic rebalancing; economic reform; new normal; yuan; RMB (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: China (2017)
Journal Article: China (2016)
Journal Article: China (2014)
Journal Article: CHINA (2013)
Journal Article: China (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2015:id:2822000009592023
Access Statistics for this article
Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD
More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ().