China's Macroeconomic Outlook: Quarterly Forecast and Analysis Report, August 2013 (Current Chinese Economic Report Series)

As the sluggish external market demand and excess domestic investment in past years have caused excess production capacity, resulting in both industrial growth rate and GDP growth rate falling to lowest point for the last three years in China. Where would China’s economy go? China’s Macroeconomic Outlook, September 2013 provides some insights into the details of the economic development in China, and also includes series of simulations of the impact of decreasing government revenue on the economic performance. The research suggests that China should cut its government revenue share in GDP to promote its structural adjustment. As the sluggish external market demand and excess domestic investment in past years have caused excess production capacity, resulting in both industrial growth rate and GDP growth rate falling to lowest point for the last three years in China. Where would China's economy go? China's Macroeconomic Outlook, August 2013 provides some insights into the details of the economic development in China, and also includes series of simulations of the impact of decreasing government revenue on the economic performance. The research suggests that China should cut its government revenue share in GDP to promote its structural adjustment Front Matter....Pages i-ix Introduction....Pages 1-5 A Review of China’s Economy in the First Half of 2013....Pages 7-16 Forecast of China’s Economy During 2013–2014....Pages 17-27 Policy Simulation....Pages 29-41 Policy Implications....Pages 43-45 Back Matter....Pages 47-59