东亚经济危机发生以后,中国也出现了经济不振,需求不足,增长乏力,以及通货紧缩(deflation)的问题。不过在2000年中期,中国经济增长速度下滑的趋势得到遏止,经济走势发生重大转机。其主要原因在于实行了需求方面(demand-side)和供给方面(sup-ply-side)“两手”并举的反衰退政策。在需求方面,实施了扩张性的财政政策和温和扩张的货币政策;同时在供给方面,实施了加快微观改革,启动民间投资和发挥企业活力的政 After the East Asian economic crisis, China also experienced the problems of sluggish economy, weak demand, sluggish growth and deflation. However, in mid-2000, the downward trend in China’s economic growth was halted and the economic trend took a significant turn for the better. The main reason is the implementation of an anti-recession policy of both demand-side and sup-ply-side “hands-on”. In terms of demand, we implemented an expansionary fiscal policy and a moderate expansion of monetary policy. In the meantime, on the supply side, we implemented the policy of speeding up micro-reforms, starting private investment and boosting the vitality of enterprises