文档介绍：The CES Conference July 30-31, 2004 Atlanta,ia,.
Changsheng Xu
Professor of Economics
School of Economics
Huazhong University of Science & Technology
Wuhan, China
Email:chshxu@
Situation and Characteristics of China’s Business Cycles of 25 Years since the Reform
●General characteristic of China’s macroeconomy:
high growth+unstability
●The Performance of unstability:4 Cycles and 2 Stages
Table 1 Growth Rate and Inflation Rate of China since the Reform (1978-2004)
Source:SSBC,Statistical Yearbook of China and Statistical Bulletin, related years, China Statistical Publishing House (CSPH).
Year
1978
199
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
Real Growth Rate of GDP
(%)
Inflation Rate
(%)
Year
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
上半年
Real Growth Rate of GDP
(%)
Inflation Rate
(%)
-
-
-
Cycle
Length of Time
Contraction
Expansion
Period
Years
Period
Gap of Annual Growth Rate
from Peak to Trough (%)
Period
Gap of Annual Growth Rate
from Peak to Trough (%)
Ⅰ
1978-1983
6
1978-1980
(3 years)
–