Welcome to Francis Academic Press

Academic Journal of Business & Management, 2023, 5(22); doi: 10.25236/AJBM.2023.052211.

Macro-economic Regulation of China under the Influence of Monetary Policy


Shihao Qiu

Corresponding Author:
Shihao Qiu

The Hong Kong University of Science and Technology, Hong Kong, 999077, China


This paper discusses the macroeconomic regulation and control of China under the influence of monetary policy. At first, the article briefly reviews the practice of macroeconomic regulation and control in China, and puts forward the current challenges. First of all, the downward trend of the global economy has put pressure on China, resulting in a decline in exports and insufficient investment. Secondly, the slowdown of domestic economic growth and the prominent problem of structural unemployment make macro-control more difficult. In addition, the problems such as the unsmooth transmission mechanism of monetary policy, the lack of effective coordination of fiscal policy and the imperfect industrial policy have also brought certain constraints to China's macroeconomic regulation and control. Aiming at these challenges, this paper gives a series of specific policy suggestions. By implementing prudent monetary policy, strengthening the coordination between fiscal policy and monetary policy, perfecting industrial policy, deepening opening to the outside world, strengthening the coordination of international economic policies, promoting supply-side structural reform and attaching importance to employment, China can effectively cope with global economic challenges and achieve sustainable economic growth. In order to provide valuable theoretical basis and practical enlightenment for policy makers through systematic analysis.


Monetary policy; China; Macroeconomic regulation and control

Cite This Paper

Shihao Qiu. Macro-economic Regulation of China under the Influence of Monetary Policy. Academic Journal of Business & Management (2023) Vol. 5, Issue 22: 71-76. https://doi.org/10.25236/AJBM.2023.052211.


[1] Ding Jianping, Liu Lu. Uncertainty of China's monetary policy and RMB exchange rate effect of macroeconomic news [J]. 2021(2020-5):19-34.

[2] Jin Chengxiao, Lu Yingchao. Choice of optimal monetary policy rules in China based on unemployment rate and inflation rate [J]. Journal of Xi'an Jiaotong University: Medical Edition, 2021(2015-1):20-26.

[3] Zhuang Ziguan, Jia Hongjing, Liu Dingming. Residents' risk preference and the macroeconomic effect of China's monetary policy-quantitative analysis based on DSGE model [J]. Financial Research, 2020(9):19.

[4] Deng Chuang, Fu Rong, Zhao Ke. Will China's monetary policy fluctuation affect the macroeconomic regulation and control effect [J]. Financial Economics Research, 2019, 34(3):12.

[5] Liu Jinquan, Zhang Long. The macroeconomic time-varying effects of China's price monetary policy and the choice of tools-based on the analysis of the interactive response perspective of monetary policy [J]. Modern Economic Discussion, 2019(1):8.

[6] Liu Jie, Xu Zexiang, Dong Ke. Does China's monetary policy have spillover effect?-Empirical evidence from macroeconomic fluctuations in the United States [J]. Financial Science, 2020(5):15.

[7] Shi Xiaokun, Chen Wen. Can monetary policy promote banks' credit supply to small and micro enterprises-a study based on macroeconomic uncertainty [J]. Economic Theory and Economic Management, 2021, 041(007):81-95.

[8] Wang Bingkun, Guo Huiming. China's monetary policy operation shift and its inflation threshold [J]. 2021(2016-1):24-34.

[9] Wang Tao. Five trends of China's economic growth [J]. China Real Estate Finance, 2020(1):1.