Premium
China's soft landing: Too good to be true?
Author(s) -
Bai Hong,
Sentance Andrew
Publication year - 1996
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1996.tb00061.x
Subject(s) - soft landing , economics , inflation (cosmology) , china , slowdown , keynesian economics , political science , economic growth , law , physics , theoretical physics
Chinese inflation reached a peak of almost 30% in late 1994 but has since fallen back to below 10%. Growth has eased in response to weakening demand but the slowdown has been very modest, with growth of around 10% recorded to last year. In this article, Hong Bai and Andrew Sentance critically examine this apparent “soft landing” and suggest that the reduction in inflation may be more apparent than real.