Date of Award


Document Type

Masters Thesis

Degree Name


Organizational Unit

College of Arts Humanities and Social Sciences

First Advisor

Tracy Mott, Ph.D.

Second Advisor


Third Advisor

Robert Urquhart

Fourth Advisor

Chiara Piovani

Fifth Advisor

Martin Rhodes


Chinese business, China Open Door Policy, Chinese policy


Economic reform that began in 1978 became a landmark in the evolution of the Chinese economy. The Chinese economy then gradually transferred from a planned economy to a market-oriented economy. I mainly focus on China's business cycles and monetary policy after 1978 in this paper.

I use GDP growth to measure the Chinese business cycle. Instead of the level of GDP, the business cycles in the thesis I am talking about are ups and downs in the rate of growth.

In Chapter Two, I illustrated all five business cycles which have occurred over the past 30 years. I also introduced some of China's financial background in Chapter Three, including institutional condition, banking system, economic reform and existing problems. This background introduction gives a clearer picture of China's financial situation and implementation of monetary policy. In Chapter Four, I analyzed some aspects of China's monetary policy such as the credit plan, interest rate, and exchange rate. Chapter Five discussed China's inflation situation and some relevant monetary policy decisions

Publication Statement

Copyright is held by the author. User is responsible for all copyright compliance.

Rights Holder

Hailun Zhang


Received from ProQuest

File Format




File Size

100 p.