Research on China’s Monetary Policy System and Conduction Mechanism - Original PDF
نویسندگان: Wei Liu
خلاصه: At the initial stages of reform and opening up, Deng Xiaoping put forward the idea of “quadrupling” the national economic aggregate to realize a Chinese-style modernization. Later, he further developed this idea into a “three-step” strategic idea. On April 30, 1987, when meeting with guests from Spain, Deng Xiaoping said, “Our goal for the first step is to reach, by 1990, a per capita GNP of US$500, that is, double the 1980 figure of US$250. The goal for the second step is, by the turn of the century, to reach a per capita GNP of US$1,000. When we reach that goal, China will have shaken off poverty and achieved comparative prosperity. The goal we have set for the third step is the most important one: quadrupling the US$1 trillion figure of the year 2000 within another 30 to 50 years. That will mean a per capita GNP of roughly $4,000 —in other words, a medium standard of living