Editor's Introduction

Joseph Fewsmith

Chinese Economy, 1990, vol. 23, issue 3, 3-8

Abstract: The essays translated here continue the debate over China's macroeconomic situation that erupted following the launching of "comprehensive urban reform" in 1984. In the fall of that year, following the adoption of the "Decision" on economic structural reform at the Third Plenary Session of the Twelfth Central Committee of the CPC, both economic growth and the money supply increased rapidly. These developments touched off debates of critical importance to the approach China would take toward reform in the coming years. The Winter 1989-90 issue of >i>Chinese Economic Studies>/i> looked at the debate over the relative benefits and problems of the high-speed economic growth that occurred in late 1984 and early 1985. This issue focuses on the debate over the relation among money supply, economic growth, and economic reform that followed the adoption of tight monetary policies in late 1985 and early 1986.

Date: 1990
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