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China macroeconomic report 2021: China’s macroeconomy marches towards normalisation

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  • Xiaoguang Liu
  • Yuanchun Liu
  • Yan Yan

Abstract

In the year 2021, China’s economy continues to recover and moves towards policy normalisation. This report identifies features indicating the beginning of China’s macroeconomic normalisation, the internal and external pressure it faces, and the supporting policies. Due to the economic recovery and the base effect, China’s real GDP growth rate is projected to reach above 8.0% in 2021, and the quarterly growth rate will drop from 18.3% in Q1 to 5.0% in Q4, showing a declining trend. Based on qualitative assessments and statistical forecasts, this report puts forward some policy suggestions.

Suggested Citation

  • Xiaoguang Liu & Yuanchun Liu & Yan Yan, 2021. "China macroeconomic report 2021: China’s macroeconomy marches towards normalisation," Economic and Political Studies, Taylor & Francis Journals, vol. 9(4), pages 379-416, October.
    • Handle: RePEc:taf:repsxx:v:9:y:2021:i:4:p:379-416
    DOI: 10.1080/20954816.2021.2005281
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    Cited by:

    1. He, Qing & Liu, Junyi & Yu, Jishuang, 2023. "Dancing with dragon: The RMB and developing economies’ currencies," Research in International Business and Finance, Elsevier, vol. 64(C).

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