| ID | 147629 |
| Title Proper | Role of the Chinese economy in the world economy |
| Other Title Information | a U.S. perspective |
| Language | ENG |
| Author | Taylor, John B |
| Summary / Abstract (Note) | In this paper I first review the amazing progress that free market economic reforms have brought to the Chinese people after years of central control and suppression of markets. Thanks to greater economic freedom, economic growth increased sharply and hundreds of millions of people have been removed from poverty. By all accounts, however, economic freedom in China has a long way to go. The U.S. perspective should be that these market reforms continue. These further reforms toward economic freedom and economic growth in China will be beneficial to the United States. Such reforms would include a greater transparency about the monetary policy strategies, more openness of the capital accounts and less exchange rate and stock market intervention. Such economic reforms should be welcomed and encouraged by the United States and other countries. |
| `In' analytical Note | China Economic Review Vol. 40; Sep 2016: p.281–285 |
| Journal Source | China Economic Review 2016-09 |
| Key Words | Exchange Rates ; Economic Reform ; Economic Freedom |