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The Oxford Companion to the Economics of China$
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Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

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China’s inflation in the post-reform period

China’s inflation in the post-reform period

(p.200) 30 China’s inflation in the post-reform period
The Oxford Companion to the Economics of China

Feng Lu

Oxford University Press

This chapter examines inflation in China. In the post-reform period, the institutional setting in China shifted from a planned system to a market regime where the prices of most goods and services were gradually liberalized by the early 1990s. China established its stock market in the early 1990s and also implemented housing reforms in the 1990s. Alongside this process, inflation was increasingly reflected by the surges of various general price measurements. The Chinese economy experienced four rounds of inflation in the post-reform period: in the early 1980s; the mid and late 1980s; the first half of the 1990s; and in the early years of the twenty-first century.

Keywords:   monetary policy, economic policy, prices, economic reform, price liberalization

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