This paper addresses issues raised in 'The Background of China's Planning Institutional Reform' circulated in advance of the International Conference on China's Planning System Reform, held on 24-25 March 2004 in Beijing. The discussion is structured around four topics: (1) the scope of...

After giving a brief monetary history of the Chinese macro-economy, this paper presents an error correction model to explain the inflation rate from 1954 to 2002 by its past change, the change in log (M2/real output) and the deviation in the previous period of log price level from a regression...

After giving a brief monetary history of the Chinese macro-economy, this paper presents an error correction model to explain the inflation rate from 1954 to 2002 by its past change, the change in log (M2/real output) and the deviation in the previous period of log price level from a regression...

This article points out that Chinese official statistics are by and large reliable because of the assigned responsibility of the officials preparing them, of their being used in government decision making that is open to public scrutiny, and in many published articles in referred journals....