Table of Content

16 January 2003, Volume 23 Issue 1

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CHINA MACRO-ECONOMIC SITUATION AND POLICY: 2002-2003

Institute of Economics, Renmin University of China

2003, (1):  13-18. 

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In 2002, Chinese government still applies active fiscal policy and strengthens duly the monetary policy. China GDP will be 7.8% by estimated, which is clearly higher than that in 2001. In 2003, the whole e-conomy will maintain the expansionary trend and switch from economic depression to prosperity. With Chinese entering WTO, the pattern of Chinese economic development will transform from dual-economy to tri-economy. Under the marketization system and the balanced economic policy, high economic growth can still be seen. During the period of the 10^th and 11^th five-year plan, Chinese annual growth rate of real GDP will likely be nearly 8%.

CHINESE DOMESTIC FINANCIAL MARKETS:OPENING TO THE INTERIOR

WANG Guo-gang

2003, (1):  41-47. 

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Modern finance is based on financial markets. Our existing financial markets, which were developed under the serious constraints from the planning mechanism, are directly controlled by the central government and spread over the country. They are not helpful for financial efficiency, financial service quality, and the opening to the outside of Chinese domestic finance. With the financial competition after entering WTO, opening to the interior is more important than to the outside.