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{{onesource|date=December 2009}}
'''Macro-control''' (]: 宏觀調控) refers to the use of direct government intervention by the central government of the ] to cool down the overheated economy. The policy was first introduced in 1993 by ], Premier of the People's Republic of China and Governor of the ] at the time. His policies included collective measures to constrain monetary policy, suppress real estate and stock markets, control ], lower supplies of raw materials and reduce domestic consumption. The purpose was to achieve a so-called ] of an economy that was growing too fast. '''Macroeconomic regulation and control''' ({{zh|s=宏观调控|t=宏觀調控|p=Hóngguān tiáokòng}}) often abbreviated '''Macro-control''' ({{zh|s=宏调|t=宏調|p=Hóngtiáo}}) refers to the use of direct ] by the central government of the ] to cool down the ]. The policy was first introduced in 1993 by ], Premier of the People's Republic of China and Governor of the ] at the time. His policies included collective measures to constrain ], suppress ] and ]s, control ], lower supplies of ]s and reduce ]. The purpose was to achieve a so-called ] of an economy that was growing too fast.


As all these measures can vastly affect the economy and political stability, macro-control has became a hot topic to economic and political observers of the People's Republic of China. It is speculated that the latest macro-controls will be introduced in mainland China in May, 2006. As all these measures can vastly affect the economy and political stability, macro-control has become a hot topic to economic and political observers of the People's Republic of China.<ref>{{Cite book |last=L. Goff |first=Brian |title=Regulation and macroeconomic performance |publisher=Kluwer Academic Publishers |year=1996 |location=USA}}</ref>


==See also== ==See also==
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==References==
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Latest revision as of 17:43, 26 July 2024

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Find sources: "Macroeconomic regulation and control" – news · newspapers · books · scholar · JSTOR (December 2009)

Macroeconomic regulation and control (simplified Chinese: 宏观调控; traditional Chinese: 宏觀調控; pinyin: Hóngguān tiáokòng) often abbreviated Macro-control (simplified Chinese: 宏调; traditional Chinese: 宏調; pinyin: Hóngtiáo) refers to the use of direct government intervention by the central government of the People's Republic of China to cool down the overheated economy. The policy was first introduced in 1993 by Zhu Rongji, Premier of the People's Republic of China and Governor of the People's Bank of China at the time. His policies included collective measures to constrain monetary policy, suppress real estate and stock markets, control inflation, lower supplies of raw materials and reduce domestic consumption. The purpose was to achieve a so-called soft landing of an economy that was growing too fast.

As all these measures can vastly affect the economy and political stability, macro-control has become a hot topic to economic and political observers of the People's Republic of China.

See also


References

  1. L. Goff, Brian (1996). Regulation and macroeconomic performance. USA: Kluwer Academic Publishers.
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