Table of Content

16 April 2005, Volume 25 Issue 4

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CHINESE CHOICE OF EXCHANGE RATE POLICY:FROM THE MICROECONOMIC PERSPECTIVE

WANG Jian

2005, (4):  5-11. 

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According to our principle of "coordinating domestic development with opening", based on the microeconomic relationships among financing by firms, exchange rate and interest rate, our exchange rate policy should be: maintaining in the short run the relative exchange rate, changing step by step into floating system in the long run, and marketizing the interest rate at the same time.

HOW TO IMPROVE OUR PUBLIC FINANCE SYSTEM

AN Ti-fu, WANG Hai-yong

2005, (4):  20-26. 

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The main problem faced by our macro-economy, which greatly hampers our harmonious development of economy and society, is the disharmony of consumption increase and investment increase. What we should do for this is to improve our public finance system, that is, enhance the support for compulsory education, public health, social security, "farmers-agriculture-rural areas" problems, income distribution and unemployment problem.

CHINESE STOCK MARKET IN 2004 AND 2005: RETROSPECT AND PROSPECT

WANG Guo-gang, CAO Hong-hui

2005, (4):  31-37. 

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The year of 2004 saw a great deal of problems in Chinese stock market. In 2005, the trend of the market will be uncertain and depend on stock-issuing scales, capital supply, quality improvement of the listed companies, market supervision, complete circulation of stocks, and so on.