New Characteristics in China's Macroeconomic Fluctuations and the Going-Up Trend in the Growth Path

From the implementing of the open door policy,China's growth has shown some characteristics of growth cycle.The reasons which cause the China's business cycle are coming from not only the changes in growth patterns,but also the changes in macroeconomic control and market structure.The growth rate and inflation rate was9.1%and2.87in2003.These mean that business cycle with significant stability and unclear cycle boundary was finished.From2003,China's economy has come into the new business cycle with newtrends in growth and newframework of macroeconomic controls,which is coming with the going-up in growth path.