211 3 21 7 9 13 3 5 ( ) 75 211 15 1 1-1- 1-11- 1- ( ) 11-1- 11-1- 1- -1 11-1 211 11-1
3 1 3 2 1 211 2 5 9 GDP GDP 4 GDP 8 7 3 6 2 5 1 4 3 52 61 67 73 79 85 91 97 3 9 52 61 67 73 79 85 91 97 3 9, 13 GDP 35% 4 2 GDP 5215 43%47% 1. Stephen S. RoachThe Next Asia Wiley. 1 11
5 % 1 8 29 4% 6 15% 4 2 4%9.5% 55 : 4,5 12% 4 % GDP GDP 2-8 9 2-8 6 GDP 4 3 2 19.6 3 1 14.2 GDP 29 Eswar Prasad 1 Rebalancing Growth in Asia Finance and Development 2
46% 24 Labor Reform Act of 24 1.35 6 198 29 8% 53% 2%47% OECD29 3.3 6 GDP % 1 3.5 42% GDP85% 8 3 6 4 2.5 2 195 196 197 198 199 2 21 2 1.5 1975 198 1985 199 1995 2 25 21 15% OECD 15 2 29 3% 7 3 3.1. Marcos Chamon Kai Liu Eswar Prasad Income Uncertainty and Household Savings in ChinaIMF Working Paper 1 11
7 8 4 35 25 2 15 29 ( ) 3 777 3 25 25 2 188 15 1 1,3 1 5 1978 1983 1988 1993 1998 23 28 SSF x 5 26 29 29 2.4 4 47 8 1 (SEIs). www.ssf.gov.cn
GDP 3%215 8% 22 15% 211 215 GDP 1.7% 2.2% 215 11.4% GDP15%GDP 17%215 8% 1% GDP 29 39.7%215 37% 1991 211 Monetary prudence
CPI32.5% 3% 1% 211 1 2.3%1.2 9 9-4. -2.. 2. 4. 6. 8. 1. Jan-6 May-6 Sep-6 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8 Jan-9 May-9 Sep-9 Jan-1 Jan-11 May-1 Sep1 CPI CPI 6.1% 1.2 21 8 1 GDP 7%-8% 1%
4% 8% GDP 47% 28 29 5 GDP42% 45% 28 35%(36%) 1%. Carmen Reinhart Kenneth Rogoff This Time is Different: Eight Centuries of Financial Folly
5.5% 21-1.2% 1 1 13 6 4 2-2 producer culture -4-6 -8-1, 199 1992 1994 1996 1998 2 22 24 26 28 3 Stephen S. Roach Morgan Stanley The Next Asia Wiley29
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