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[In 2012, China’s GDP grew by 7.8 %, a decrease of 1.5 percentage points over the previous year. The worsening sovereign debt crisis in Europe and sluggish recovery in the U.S. economy had directly depressed external market demand for China. On the other hand, domestic excess production capacity...
[One improvement is to add the imports and exports module (block of equations) into CQMM. In 2012, China’s exports increased by 7.9 %. Among them, exports to the Association of Southeast Asian Nations (ASEAN) increased rapidly by 20.1 %. Meanwhile, the trade value between China and ASEAN reached...
[The final consumption, especially the share of resident consumption in GDP, has kept declining in China, which has been the most significant feature of the structural imbalance of national economy over the past decade. Although series tax cuts and other policies which aimed at stimulating...
[Based on the results from policy simulations, this report makes two policy suggestions as follows:]
[This report is an earnest work, and the simulation focused on fiscal policy and people’s wellbeing, which is a good choice. I think that the conclusions made by the research team with Xiamen University are clear and fresh. More importantly, their work is also a brave attempt. I’d like to talk...
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