20世纪90年代以来的中国宏观经济政策调整

20世纪90年代以来,中国政府的宏观经济政策经历了三次较大的调整。即:1993-1996年政府实行了适度从紧的财政、货币政策,降低高通胀率,使国民经济顺利实现第一次“软着陆”;1998-2002年财政货币政策由适度从紧转向积极有限度扩张,扩大内需,降低高失业率,使国民经济顺利实现第二次“软着陆”;2003年下半年至今政府采取稳健的财政货币政策,加强宏观调控,抑制部分行业投资增长过快,减缓物价上涨压力,对保持经济平稳较快发展而避免大起大落起到了显著的作用。

Macro-economic Policy Readjustments in China since the 1990s

The Chinese macro - economic policy has experienced three major readjustments since 1990s. From 1993 to 1996 the government adopted a reasonably tight financial and monetary policy, which lowered the high inflation rate and ensured the first smooth "soft landing" for the national economy. From 1998 to 2002 the reasonably tight financial and monetary policy switched to a policy of positive and limited expansion with efforts made to increase the internal demand and reduce unemployment, which ensured the second smooth "soft landing" for the national economy. Since the second half of 2003, the government has implemented a steady financial and monetary policy, focused on strengthening macro - economic control, clamping down on too rapid investment growth in some industries and mitigating the pressure of inflation. This steady financial and monetary policy has resulted tangible results in ensuring a stable and fairly quick economic growth and avoiding major economic ups and downs.