This is an old revision of this page, as edited by Johnpseudo (talk | contribs) at 22:05, 5 April 2007 (Instantnood is banned from adding or removing any category related to China from any article related to China. He may be blocked without further warning for up to a week for each violation.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 22:05, 5 April 2007 by Johnpseudo (talk | contribs) (Instantnood is banned from adding or removing any category related to China from any article related to China. He may be blocked without further warning for up to a week for each violation.)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Macro-control (Chinese: 宏觀調控) 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 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.
See also
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