Time for China to move from macro-stability to macro-sustainability: making macro-stimulus work and maintaining its effects

References

• Auslin , M. 2009 . Hold the champagne on China's economy . The journal of the American enterprise institute , 22 Oct
   Google Scholar
• Barboza , D. 2010 . “ Contrarian investor sees economic crash in China ” . In The New York Times Vol. 8 , January
   Google Scholar
• Bosworth , B. and Flaaen , A. 2009 . Financial crisis American style . Asian economic papers , 8 ( 3 ) : 146 – 170 .
   Google Scholar
• Central Intelligence Agency . 2010 . The world factbook Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html [Accessed 7 October 2010]
   Google Scholar
• Chen , S. 2010 . China on ‘treadmill to hell’ amid bubble, Chanos says (Update 1) [online] Available from: http://www.bloomberg.com/apps/news?pid=20601109&sid=an0ehK2dtdXg[Accessed 8 April 2010]
   Google Scholar
• Chen , X. 2009 . Speech on China's rural situation at the press conference held by the State Council's Information Office , Beijing : State Council's Information Office . 2 February 2009
   Google Scholar
• China Customs Magazine . 2010 . The top 200 in China's foreign trade 2009 , Beijing : China Customs Magazine .
   Google Scholar
• China Daily . 2010 . “ Survey shows house prices still too high ” . In China Daily 12 May. Available from: http://www.chinadaily.com.cn/metro/2010-05/12/content_9839054.htm
   Google Scholar
• Cowen , T. 2009 . “ Dangers of an overheated China ” . In The New York Times 29 Nov
   Google Scholar
• Ding , X. 2010 . The final consumption contributed 52.5 percent to GDP in 2009 . Xinjing Bao , 3 Feb
   Google Scholar
• Forsythe , M. 2009 . “ Is China's economy speeding off the rails? ” . In The New York Times 23 Dec
   Google Scholar
• International Monetary Fund . 2010a . World economic outlook update, January 2010 , Washington, DC : International Monetary Fund .
   Google Scholar
• International Monetary Fund . 2010b . World economic outlook database, April 2010: nominal GDP list of countries. Data for the year 2009 , Washington, DC : International Monetary Fund .
   Google Scholar
• Jia , K. 2008 . “ From proactive to sound fiscal policy: an improvement to China's public finance system, chapter 2 ” . In China in the wake of Asia's financial crisis , Edited by: Wang , M. 22 – 58 . London : Routledge .
   Google Scholar
• Krugman , P. 2010a . “ Chinese new year ” . In The New York Times 1 Jan
   Google Scholar
• Krugman , P. 2010b . “ Taking on China ” . In The New York Times 15 March
   Google Scholar
• Lardy , N. 2007 . “ China: rebalancing economic growth ” . In The China balance sheet in 2007 and beyond , Edited by: Bergsten , F. , Gill , B. , Lardy , N. and Mitchell , D. 1 – 24 . Washington, DC : Center for Strategic and International Studies and the Peterson Institute for International Economics .
   Google Scholar
• Liu , L. 2009 . Impact of the Global Financial Crisis on China: empirical evidence and policy implications . China & world economy , 17 ( 6 ) : 1 – 23 .
   Web of Science ®Google Scholar
• Liu , L.-Y. and Woo , W. T. 1994 . Saving behavior under imperfect financial markets and the current account consequences . Economic journal , 104 ( 424 ) : 512 – 527 .
   Web of Science ®Google Scholar
• Liu , Y. 2005 . An effective solution to the unemployment problems , State Council Research Centre for Economic and Technological Development . Available from: http://www.drc.gov.cn/english/English%20Publications_d.asp?id=22 [Accessed 12 May 2010]
   Google Scholar
• Ministry of Commerce . 2008–2010 . Monthly reports of China's foreign trade Available from: http://www.mofcom.gov.cn/tongjiziliao/tongjiziliao.html [Accessed 7 October 2010]
   Google Scholar
• Ministry of Finance . 2009 . Notice of further raising the tax rebate for part of export commodities, No. 88 (2009) , Beijing : Ministry of Finance .
   Google Scholar
• National Bureau of Statistics of China . 2008–2009 . Monthly report of main economic indicators Available from: http://www.stats.gov.cn/tjsj/[Accessed 7 October 2010]
   Google Scholar
• National Development and Reform Commission . 2009 . “ Update on the development of four billion investment structure and the projects invested by the central government, National development and reform commission ” . In NDRC News 21 May. Available from: http://tzs.ndrc.gov.cn/t20090521_286872.htm [Accessed 7 October 2010]
   Google Scholar
• The New York Times . 2010a . “ Currency dispute likely to fray US-China ties ” . In The New York Times 4 Feb
   Google Scholar
• The New York Times . 2010b . “ Will China listen? ” . In The New York Times 17 March
   Google Scholar
• People's Bank of China . 2007–2009 . “ Statistics of money supply ” . In Survey and statistics (2007–2009) , 15 Beijing : People's Bank of China .
   Google Scholar
• Plafker , T. 2010 . “ Economic stimulus a mixed blessing for China ” . In The New York Times 21 Jan
   Google Scholar
• State Administration of Foreign Exchange . 2010 . Statistics and data , Beijing : State Administration of Foreign Exchange .
   Google Scholar
• Strauss-Kahn , D. 2010 . “ Message from the managing director and chair of the executive board ” . In International annual report 2009: fighting the global crises , 4 – 5 . Washington, DC : International Monetary Fund .
   Google Scholar
• United States Department of the Treasury . 2010 . Major foreign holders of treasury securities , Washington, DC : United States Department of the Treasury .
   Google Scholar
• Wilson , D. and Stupnytska , A. 2007 . The N-11: more than an acronym , Global Economics Paper No. 153 New York : Goldman Sachs .
   Google Scholar
• Wines , M. 2010 . “ Chinese economy treads risky path. (Ask Japan) ” . In The New York Times 25 May
   Google Scholar
• Wolf , M. 2010 . “ China and Germany unite to impose global deflation ” . In The Financial Times 16 March
   Google Scholar
• Woo , W. T. 2008 . Understanding the sources of friction in U.S.–China trade relations: the exchange rate debate diverts attention away from optimum adjustment . Asian economic papers , 7 ( 3 ) : 65 – 99 .
   Web of Science ®Google Scholar
• Woo , W. T. and Zhang , W. forthcoming . Combating the global financial crisis with aggressive expansionary monetary policy: same medicine, different outcomes in China, UK and USA The world economy
   Google Scholar
• World Bank . 2005 . World development indicators , Washington, DC : World Bank .
   Google Scholar
• World Bank . 2010 . World Bank reforms voting power, gets $86 billion boost , World Bank Press Release No: 2010/363/EXT Washington, DC : World Bank .
   Google Scholar
• World Trade Organization . 2010 . World trade 2009 , Prospects for 2010 7 Geneva : World Trade Organization .
   Google Scholar
• Xie , X. 6 Mar 2010 . Speech on the press conference held by the State Council Information Office , Beijing : State Council's Information Office .
   Google Scholar
• Yao , Z. 2009 . “ 800 billion yuan export tax rebate distorts resource allocation and worsens economic imbalance ” . In The 21th Century Economic Herald 64 22 Sep
   Google Scholar
• Yu , Y. 2009 . China's policy responses to the Global Financial Crisis , Melbourne : Productivity Commission . Richard Snape Lecture
   Google Scholar
• Zhang , W. 2009 . “ Accessing China's power reflected in foreign trade ” . In Power and sustainability of the China State , Edited by: Lee , K. , Kim , J. H. and Woo , W. T. 119 – 145 . London : Routledge .
   Google Scholar