Analysis of Economic Growth Trend under the background of Stagflation and Warning to Chinese Current Economic Situation

DOI

10.2991/iemss-17.2017.142How to use a DOI?

Keywords

Economy, Stagflation, Government policy, Inflation, Analysis

Abstract

With the trends of slow growth and inflation pressures manifesting in the economy, our society is showing potential signs of stagflation. For many years, our country has been living on investment and exports to stimulate economic growth, lacking endogenous spending power. Due to the effect of macroeconomic policies, there exists a time lag effect of economic spillovers of import trade in the short run. It is thus is necessary to analyze the problem of economic stagflation, and ensure that it is nipped in the bud. The phenomenon of stagflation in a macroeconomic sense means the concurrent economic phenomena of economic stagnation, high unemployment and high inflation. There are two factors that increase stagflation risks: (1) Improper economic policy, such as a central bank allowing excessive growth in the money supply, or government over-regulation in the commodity and the labor markets. (2) Economic capacity being reduced by a negative supply shock. With the recent strategic shift of the United States, several regional issues have been continuously fluctuating in the Asia-Pacific region. Therefore, the research topic of this paper is to determine which policies should be enacted by the Chinese government in order to ensure sustained and healthy economic and social development.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Chenning Yu
AU  - Yaojue Xu
AU  - Zhuoxiang Huo
PY  - 2017/04
DA  - 2017/04
TI  - Analysis of Economic Growth Trend under the background of Stagflation and Warning to Chinese Current Economic Situation
BT  - Proceedings of the 2017 International Conference on Innovations in Economic Management and Social Science (IEMSS 2017)
PB  - Atlantis Press
SP  - 718
EP  - 723
SN  - 2352-5428
UR  - https://doi.org/10.2991/iemss-17.2017.142
DO  - 10.2991/iemss-17.2017.142
ID  - Yu2017/04
ER  -