Title: An Analysis of Causes for Deflation in China
Abstract: The deflation in China has its own causes. The inferiority and the production surplus are the causes of indus-trial structure. The decline of scale in money supply growth and the decline of money cycle are the causes of currency. The lag of policy adjustment and the policy conflict are the causes of policy. The transformation from rigid institution to market mechanism is the cause of economic system. As part of the world economy, the intemationai background is global deflation trend. All of these are macro causes. The decrease of efficiency for the state - ovvned enterprises is the micro cause.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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