On Innovations of Theories and Practices of Chinese Macroeconomic Control and Suggestions on Its Improvements
Xiao Yanshun;Gao Zhenyu;Research Office of the State Council;
Ranged approach to adjustment and targeted approach to adjustment are not only the new measures adopted by the new government in macroeconomic regulation, but have offered a new theory for macroeconomic control. This paper conducts a deep analysis of the innovations of the ranged and targeted approach to adjustment, and summarizes the implementations of ranged and targeted approaches to adjustment. Under the circumstances that the Chinese economy is at a "New Normal," and the international economic climate is volatile, this paper proposes to carry out an integrated regulation on the basis of the ranged approach and the targeted approach. We will exert efforts from both supply and demand. We will focus on economic aggregate and economic structure. We will add impetus to the advancement of the vision of "encouraging people to do business creatively and driving innovation," and the dual-engine of economic growth–public goods and services. We will give our suggestions to maintain sustainable economic growth.