ISSN:
0305-7410
Quelle:
Cambridge Journals Digital Archives
Thema:
Allgemeine und vergleichende Sprach- und Literaturwissenschaft. Indogermanistik. Außereuropäische Sprachen und Literaturen
,
Geschichte
,
Politikwissenschaft
,
Sociologie
,
Wirtschaftswissenschaften
Notizen:
In the past twenty years the People's Republic of China has undergone four marked periods of overheating as measured by output and price rises. While the 1980 bout of inflation was primarily a result of planned price increases, inflation in 1985/86, 1988/89, and 1993–95 increasingly reflected underlying market imbalances as prices had been liberalized and production decisions decentralized. Inflation was experienced as most severe in the 1988/89 period when the inflation rate climbed rapidly to levels – since the early years of the PRC unprecedented – above 20 per cent in mid-1988. Panic purchases in summer 1988 because of expected further price rises spread to several cities and inflation became tantamount to “social instability.” The Chinese Communist Party Central Committee strongly voiced its concern about the “stable and healthy economic development” in a communiqué on 30 September 1988: “At present, our overall economic situation is good, but the difficulties and problems are numerous, the most prominent being the excessively large commodity price rises.” Party and central government in 1988 felt compelled to stop economic overheating in order to prevent further panic purchases and rises in the inflation rate which would endanger social stability.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1017/S0305741000001375
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