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    Country economic review - People's Republic of China

    Asian Development Bank | October 2000
    Abstract
    The People’s Republic of China (PRC) successfully weathered the Asian crisis. Three consecutive years of expansionary fiscal policy and interest rate reductions enabled the country to contain the adverse effects of the Asian crisis, maintain a stable exchange rate, and achieve robust growth. Strong economic growth continued in the first three quarters of 2000 when gross domestic product (GDP) grew by 8.2 percent. For the whole of 2000, GDP growth will be about 8 percent. Coupled with targeted antipoverty programs of the Government, the robust growth enabled the PRC to continue its commendable progress in reducing poverty. However, PRC’s fight against poverty is far from over as there are still about 230 million people (18.5 percent of the population) living below the $1-a-day consumption norm, and about 670 million (53.7 percent of the population) living below the $2-a-day consumption norm. The incidence of poverty is highest in the interior provinces, especially in the western region of the country. Urban unemployment and poverty are now emerging as new challenges.
    Citation
    Asian Development Bank. 2000. Country economic review - People's Republic of China. © Asian Development Bank. http://hdl.handle.net/11540/6340.
    Keywords
    Industry
    Development Economics
    Economic Models
    Organization for Economic Cooperation and Development
    Securities
    Mines
    Competition
    Industrial competition
    Unfair competition
    Monopolies
    Competition policy
    Development cooperation
    Economic discrimination
    Industrial Development
    Financial Services Industry
    Industrial Sector
    Competition
    Comparative economics
    Communication in economic development
    Industrialization
    Monopoly
    Barriers to entry
    Monopolistic competition
    Restraint of trade
    Price discrimination
    Imperfect competition
    Press monopoly
    Diversification in industry
    Unfair competition
    Investment banking
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    Citable URI
    http://hdl.handle.net/11540/6340
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    Author
    Asian Development Bank
    Theme
    Economics
    Industry
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise