Analysis on China's Economic Growth and Inflation during 1953-2004

摘要

This paper focuses on discussing the relationship between China's economic growth and inflation during 1953-2004 by using an empirical analysis. The study has found that the increase of the inflation rate would increase the nominal growth rate of industries, but it would decrease the real growth rate of industries; the inflation would stimulate the growth of primary, whole and retail industries; for maintaining the economic growth steady, the inflation rate should not exceed 3%.