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Article: Impact of inflation on Chinese economy: Growth, investment, and regional development

TitleImpact of inflation on Chinese economy: Growth, investment, and regional development
Authors
Issue Date1996
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/10670564.asp
Citation
Journal Of Contemporary China, 1996, v. 5 n. 13, p. 305-323 How to Cite?
AbstractAfter 15 years of economic reforms, the most notable feature of today's Chinese economy is high economic growth compounded with high inflation. The continuous coexistence of these events has raised two questions that are important to address. That is, what is the meaning of the positive correlation between high growth and high inflation, and what is the real impact of the current inflation on China's economy. The objective of this paper is to explore the impact of inflation on Chinese economy with particular reference to economic growth, investment in fixed assets, and spatial distribution of inflation. Findings of this paper suggest that high inflation that has accompanied the recent rapid economic growth has made the GDP growth rate of today's China highly suspicious. What is more, while inflation in China has mainly been generated by over-investment and unfruitful development in the eastern region, which is financed by excess money printing and central budget deficit, the ill effects of inflation have mostly been borne by the poor regions.
Persistent Identifierhttp://hdl.handle.net/10722/157798
ISSN
2015 Impact Factor: 0.933
2015 SCImago Journal Rankings: 0.730
References

 

DC FieldValueLanguage
dc.contributor.authorTong, CSPen_US
dc.contributor.authorZhao, Xen_US
dc.date.accessioned2012-08-08T08:55:43Z-
dc.date.available2012-08-08T08:55:43Z-
dc.date.issued1996en_US
dc.identifier.citationJournal Of Contemporary China, 1996, v. 5 n. 13, p. 305-323en_US
dc.identifier.issn1067-0564en_US
dc.identifier.urihttp://hdl.handle.net/10722/157798-
dc.description.abstractAfter 15 years of economic reforms, the most notable feature of today's Chinese economy is high economic growth compounded with high inflation. The continuous coexistence of these events has raised two questions that are important to address. That is, what is the meaning of the positive correlation between high growth and high inflation, and what is the real impact of the current inflation on China's economy. The objective of this paper is to explore the impact of inflation on Chinese economy with particular reference to economic growth, investment in fixed assets, and spatial distribution of inflation. Findings of this paper suggest that high inflation that has accompanied the recent rapid economic growth has made the GDP growth rate of today's China highly suspicious. What is more, while inflation in China has mainly been generated by over-investment and unfruitful development in the eastern region, which is financed by excess money printing and central budget deficit, the ill effects of inflation have mostly been borne by the poor regions.en_US
dc.languageengen_US
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/10670564.aspen_US
dc.relation.ispartofJournal of Contemporary Chinaen_US
dc.titleImpact of inflation on Chinese economy: Growth, investment, and regional developmenten_US
dc.typeArticleen_US
dc.identifier.emailZhao, X:sxzhao@hku.hken_US
dc.identifier.authorityZhao, X=rp00597en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0030422673en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0030422673&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume5en_US
dc.identifier.issue13en_US
dc.identifier.spage305en_US
dc.identifier.epage323en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridTong, CSP=7202715070en_US
dc.identifier.scopusauthoridZhao, X=7403577707en_US

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