Considerations about the Economic Growth of the Chinese Economy Since the 1990s

Abstract

The article shows how fiscal policy (public spending, subsidies, and fiscal incentives), monetary policy (credit expansion and low interest rate), exchange rate policy in which the Chinese strategy is to maintain an overvalued exchange rate, trade policy, especially after December 2001 when China became a member of the World Trade Organization (WTO), and institutional reforms, such as administrative and, mainly, tax reform, were important to stimulate the economic growth in China and also help the country to catch-up the richer countries in terms of GDP value, access to technology, capital stock accumulation, and so on, over the period 1990-2024.