China’s Economic Fluctuations: Implications for its Rural Economy

Since the middle 1980s, each fast and slow phase of every cycle has seen China’s urban households fare better than rural households. An analysis of the cycles shows that this reflects how stimulus policies for new fast cycles have focused first and foremost on urban sectors. It also reflects a major component of policies to cool off or slow the economy when it becomes overheated.

Source: Carnegie_Report_Final.indd – keidel_china_fluctuations_final.pdf