IDEAS home Printed from
   My bibliography  Save this paper

Ending Inflation in the People's Republic of China: From Chairman Mao to the 21st Century


  • Richard C.K. Burdekin

    (Claremont McKenna College)


In the post-1978 reform period the People’s Republic of China experienced its most serious open inflationary problems since 1949-1950. This paper compares the 1949-1950 case to more recent Chinese attempts at inflation control and considers the role played by budget deficits, indexation and direct intervention in commodity markets. While inflationary problems subsided by the mid-1990s, continuing deficit-spending pressures and weaknesses in China’s banking system still pose a very real danger. The financial reforms undertaken in the late 1990s include initiatives directed at the bad debts accumulated in China’s banks by loss-making state enterprises.

Suggested Citation

  • Richard C.K. Burdekin, "undated". "Ending Inflation in the People's Republic of China: From Chairman Mao to the 21st Century," Claremont Colleges Working Papers 2000-08, Claremont Colleges.
  • Handle: RePEc:clm:clmeco:2000-08

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
    2. Cooter, Robert D & Rubinfeld, Daniel L, 1989. "Economic Analysis of Legal Disputes and Their Resolution," Journal of Economic Literature, American Economic Association, vol. 27(3), pages 1067-1097, September.
    3. Boyes, William J. & Hoffman, Dennis L. & Low, Stuart A., 1989. "An econometric analysis of the bank credit scoring problem," Journal of Econometrics, Elsevier, vol. 40(1), pages 3-14, January.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Richard Burdekin & Fang Wang, 1999. "A Novel End to the Big Inflation in China in 1950," Economic Change and Restructuring, Springer, vol. 32(3), pages 211-229, October.
    2. Richard CK Burdekin & Ilan Noy, 2005. "What Has Driven Chinese Monetary Policy Since 1990? Investigating the People's Bank's Policy Rule," Economics Study Area Working Papers 85, East-West Center, Economics Study Area.
    3. Ryota Kojima & Shinya Nakamura & Shinsuke Ohyama, 2005. "Inflation Dynamics in China," Bank of Japan Working Paper Series 05-E-9, Bank of Japan.
    4. Burdekin, Richard C.K. & Siklos, Pierre L., 2008. "What has driven Chinese monetary policy since 1990? Investigating the People's bank's policy rule," Journal of International Money and Finance, Elsevier, vol. 27(5), pages 847-859, September.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:clm:clmeco:2000-08. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.