TY  - BOOK
ED  - CMR of Xiamen University.
ED  - SpringerLink (Online service)
TI  - China’s Macroeconomic Outlook: Quarterly Forecast and Analysis Report, February 2014
T2  - Current Chinese Economic Report Series,
SN  - 9783662458655
AV  - HB172.5 
U1  - 339 23
PY  - 2015///
CY  - Berlin, Heidelberg
PB  - Springer Berlin Heidelberg, Imprint: Springer
KW  - Economics
KW  - Endogenous growth (Economics)
KW  - Economic policy
KW  - Macroeconomics
KW  - Economics/Management Science
KW  - Macroeconomics/Monetary Economics
KW  - Economic Growth
KW  - Economic Policy
N1  - Preface -- Introduction -- A Review of China’s Economy in 2013 -- Forecast of China’s Economy for 2014-2015 -- Policy Simulations -- Policy Implications and Recommendations -- Comments and Discussion -- A Survey of China’s Macroeconomic Performance in 2014
N2  - This book  provides key insights into how to control local government debts and optimize the makeup of debts in China. The rapid growth of investment in infrastructure on the part of local governments has offset the slowdown of investment growth in manufacturing and real estate and maintained the growth rate of 7.7% in 2013. However, local governments’ debts have accumulated, which increases the risk of debt default and threatens the stability of China’s financial system. The research suggests that increasing the proportion of issuing bonds in total debts would be the first step toward eliminating the debt risk. Second, the Chinese government should play its part; and lastly, the government should relinquish its administrative control and monopoly in order to allow the service industry to further develop
UR  - http://dx.doi.org/10.1007/978-3-662-45865-5
ER  -