Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Analysis of China’s Economic Downturn: From the Perspective of Macro-control

Authors
Jialin Li
School of economics and trade, Guangdong University of Foreign Studies, Guangzhou, Guangdong 510006, China
*Corresponding author. Email: 1183932180@qq.com
Corresponding Author
Jialin Li
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.163How to use a DOI?
Keywords
China’s economic downturn; macroeconomic regulation; supply-side reform; steel industry; excess production capacity
Abstract

China’s economic downturn is the result of multiple factors, and macroeconomic regulation is an important cause. China’s macro-control policy has changed from a large-scale stimulus to maintain economic growth during the global financial crisis in 2008 to a “micro-stimulus” approach to maintain the internal dynamics of economic growth. In this thesis, we focus on the structural optimization and supply-side reform of the steel industry under the framework of macro-control. It has been found that the downward spiral of China’s economy is the process of industrial structure optimization, which is a necessary process for macro-control and economic quality upgrading. At present we have achieved greater milestones, but there are still many problems to be solved.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.163How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jialin Li
PY  - 2022
DA  - 2022/03/26
TI  - Analysis of China’s Economic Downturn: From the Perspective of Macro-control
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 988
EP  - 994
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.163
DO  - 10.2991/aebmr.k.220307.163
ID  - Li2022
ER  -