Deregulations and liberalisation in Asia: trade and investment opportunities - China

Abstract

Since mid-1993, the macroeconomic objective of the Chinese government has been to engineer a slowdown in economic growth, to combat inflation, and to cure the structural problems of the economic and financial system. Economic growth has slowed down slightly, from 13.4 per cent in 1993 to 11.5 per cent in the first three quarters of 1994. Structural imbalances and financial excesses also appear to have moderated. But growth in fixed asset investments (which was one of the major driving forces for economic overheating in 1993) remained too high.