Analysis of China’s Economic Downturn: From the Perspective of Macro-control

DOI

10.2991/aebmr.k.220307.163How to use a DOI?

Keywords

China’s economic downturn; macroeconomic regulation; supply-side reform; steel industry; excess production capacity

Abstract

China’s economic downturn is the result of multiple factors, and macroeconomic regulation is an important cause. China’s macro-control policy has changed from a large-scale stimulus to maintain economic growth during the global financial crisis in 2008 to a “micro-stimulus” approach to maintain the internal dynamics of economic growth. In this thesis, we focus on the structural optimization and supply-side reform of the steel industry under the framework of macro-control. It has been found that the downward spiral of China’s economy is the process of industrial structure optimization, which is a necessary process for macro-control and economic quality upgrading. At present we have achieved greater milestones, but there are still many problems to be solved.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Jialin Li
PY  - 2022
DA  - 2022/03/26
TI  - Analysis of China’s Economic Downturn: From the Perspective of Macro-control
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 988
EP  - 994
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.163
DO  - 10.2991/aebmr.k.220307.163
ID  - Li2022
ER  -