1. International Financial News, August 27, 1998.
2. People's Daily, March 20, 1998.
3. Xinghua News Agency, December 30, 1998.
4. A Statistical Survey of China 1998, Chinese Statistics Press.
5. The main measures are to raise rebate rates of value-added taxes (VAT) for exports; increase loans to foreign trade companies; exemption of tariffs and VAT for certain imports, etc. For detailed measures, please see Appendix.
6. Xinghua News Agency, January 11, 1999.
7. International Finance News, January 25, 1999.
8. Ke Nan: "New Characteristics of Foreign Direct Investment in 1997", in International Economic Cooperation, No. 4, 1998
9. A Statistical Survey of China 1998, Chinese Statistics Press.
10. A Statistical Survey of China 1998, Chinese Statistics Press.
11. Xinghua News Agency, December 30, 1998.
12. International Economic Cooperation, P5-9, No. 9, 1998.
13. For example, according to World Bank estimation, China's per capita GNP in 1995 is 620 US dollars, but if calculated by purchasing power, it should be 2920 US dollars. See World Development Report 1997.
14. A Statistical Survey of China 1998, Chinese Statistics Press.
15. China Economic Times, January 14, 1998.
16. See Hu Angang: "An Analysis of the Status Quo of Unemployment in China's Towns and Cities", Management World, No. 4, 1998.
17. See Yan Tao: "On Macro-economy in Transitional Period from Controlling Inflation to Enlarging Domestic Demand", Reform, No. 6, 1998
18. See Hu Angang: "An Analysis of the Status Quo of Unemployment in China's Towns and Cities", Management World, No. 4, 1998.
19. Figures for 1997 is from A Statistical Survey of China 1998, and figures for 1998 is from Xinghua News Agency December 30, 1998.
20. Figures for 1997 is from A Statistical Survey of China 1998, and figures for 1998 is from China finance, various issues.
21. For detailed measures, please see Appendix.
22. Financial Studies, No. 9, 1998.
23. Financial Studies, No. 9, 1998.
24. In 1998, the government closed three trust and investment corporations, one bank and eighteen credit cooperatives.
25. Products from alcohol and cigarettes to washing machine, refrigerator and VCD etc. have been again and again produced by almost all the provinces as soon as these products can make "profits".
26. Wenhui Daily, January 5, 1999
27. International Finance News, January 22, 1999.
28. World Bank: World Development Report 1997.
29. A Statistical Survey of China 1998, Chinese Statistics Press.
30. International Finance News, January 8, 1999.
31. A Statistical Survey of China 1998, Chinese Statistics Press.