Macroeconomics CEAN Economic growth, inflation unemployment in China over a long run by Alexander,韩优丽,Ea,李翔,陈思哲
MacroeconomicsLOGO Economic growth, inflation & unemployment in China over a long run by Alexander, 韩优丽， Elsa, 李翔，陈思哲
In 1978, after years of state control of all productive assets the government of China embarked on a major program of economic reform Pre-1978, annual growth rate: less than 6%& with painful ups and downs Post-1978, annual growth rate: more than 9 and quite stable Why??
In 1978, after years of state control of all productive assets the government government of China embarked embarked on a major program of economic reform. Pre‐1978, annual growth rate: less than 6% & with painful ups and downs. Post‐1978, annual growth rate: more than 9 % and quite stable Why??
t GDP rowth
GDP(O1billion RMB) 250000 200000 150000 GDP(O 1billion RMB) 100000 图虽图区8器国图 Data source: by Wang Guangqian
Data source: by Wang Guangqian
GDP growth rate and total GDP 8 3"GDP growth rate Totol GDP(t S 0 2003200420052006200720082009 Data source: Wikipedia
GDP growth rate and total GDP 14 6 4 5 10 12 3 6 8 GDP growth rate Ttl GDP(t $) 2 4 6 T otol GDP(t $) 0 1 0 2 2003 2004 2005 2006 2007 2008 2009 Data source: Wikipedia
Investment
Investment
Attractions of FDI in China "political stability Rapid economic growth * cheap labor *huge market potential preferential tax treatment "improving infrastructure
Att ti f FDI i Chi Attractions o f FDI in China *political stability * id i th *rapid econom ic growth *cheap labor *h k t t ti l *huge mar k e t po tenti a l *preferential tax treatment *i i i f t t *improv ing i n fras truc ture
Shortcomings of FDi in China *complicated approval procedures *lack of transparency in the government * insufficient protection for intellectual property
Shortcomings of FDI in China *complicated approval procedures complicated approval procedures *lack of transparency in the government *insufficient protection for intellectual property insufficient protection for intellectual property
Narrow finance channels of Private Chinese Investors Stricter regulations on market access Higher tax bills than foreign investors
Narrow Finance Channels of Private Chinese Investors • Stricter regulations on market access Stricter regulations on market access • Higher tax bills than foreign investors
CP台 EDP
