Download or read book Sustaining China s Economic Growth After the Global Financial Crisis written by Nicholas R. Lardy and published by Peterson Institute. This book was released on 2012 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book China and the Global Financial Crisis written by Jean-Pierre Cabestan and published by Routledge. This book was released on 2012 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines China's response to the 2007-2008 global financial crisis, and the resulting new status acquired by China within the international economy. It considers the things China did to weather the crisis, discussing the stimulus package put in place by China and how China's banks coped, but above all examines the measures which countries outside China look to China to put in place in order to better encourage and secure world-wide economic recovery, measures such as currency revaluation, tax reform and greater stimulation of domestic demand. The book contrasts China's response to the crisis, and China's increasingly central role in the world economy, with the responses of the European Union. The book also assesses China's increasingly important regional role, in particular its dialogue with the new Japanese government, and China's positioning towards Southeast Asia, and also discusses the growth of Chinese foreign direct investment.

Download or read book China And The Global Economic Crisis written by Yongnian Zheng and published by World Scientific. This book was released on 2010-02-22 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current global financial turmoil, triggered by the US subprime crisis, has spread quickly and resulted in the worst global economic crisis since the 1930s. As the world's third largest economy and the second largest trading nation, China is inevitably affected seriously. How China responds to the crisis and how effective its measures are in sustaining a healthy growth will have important implications, both domestically and internationally.The chapters in this volume are divided into five sections. Section one examines the overall impact of the global economic crisis and the responses of the Chinese government. Section two studies the regional aspect of the economy affected by the crisis. Section three explores such economies of the Mainland's southern neighbors as Hong Kong, Macao and Taiwan, and the prospect of China's trade. Section four surveys the impact on the ideological and social aspects of the country. Section five concludes with an assessment of China's external policies. The volume offers a comprehensive and in-depth assessment of the impact of the crisis and the measures of the Chinese government to overcome the difficulties.

Download or read book China s Successful Response to Global Financial Crisis written by Shang wu zhou kan za zhi she and published by . This book was released on 2011 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book China and the Global Economic Crisis written by Yongnian Zheng and published by World Scientific. This book was released on 2010 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. China's economy 2008 and outlook for 2009 : crisis of a sharp slowdown / John Wong -- 2. Recession averted? China's domestic response to the global financial crisis / Yang Mu and Lim Tin Seng -- 3. China's decisive response to the economic crisis bears fruits / Sarah Y. Tong -- 4. Pearl River Delta in a crisis of industrialisation / Huang Yanjie and Chen Shaofeng -- 5. Impact of the global economic crisis on the Pearl River Delta and Yangtze River Delta regions / Yu Hong -- 6. Taiwan's economy in the financial crisis and its outlook / Zhao Hong -- 7. Hong Kong's economy on the road to recovery? / Zhang Yang -- 8. Financial crisis offers respite for the Macao economy / Zhang Yang and Fung Kwan -- 9. China's trade prospects and China-ASEAN trade relations / Sarah Y. Tong and Chong Siew Keng -- 10. Sino-South Korean bilateral trade in the current economic crisis / Zhou Shengqi -- 11. Ascendance of China's new left amidst the global ginancial crisis / Bo Zhiyue and Chen Gang -- 12. Will social stability in China be undermined in the financial crisis? / Zhao Litao and Huang Yanjie -- 13. The international financial crisis and China's external response / Zheng Yongnian and Lye Liang Fook

Download or read book Global Financial Crisis And Challenges For China written by Mu Yang and published by World Scientific. This book was released on 2012-07-25 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results — both positive and negative aspects in the middle and long term.The 2008-09 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic consumption and a healthy financial system, is one of the most important drivers to pull the world out of recession.According to the Chinese leadership, China's main contribution is to keep its own economy running smoothly. In response to the crisis, the Beijing government has poured money into the following sectors: public housing, earthquake reconstruction, physical infrastructure, social security, education and healthcare. So far, the results have helped China to maintain the targeted high growth. Given the open nature of its economy, its high growth has also benefited other countries, thereby contributing to the global economy.The current crisis strengthens a trend that has emerged since the Asian financial crisis of 1997. And that is the enhanced economic integration of China with its East Asian neighbours and Southeast Asia. This augurs well for East Asian regionalism which may include the birth of Asian Monetary Fund.The global environment in the wake of the crisis poses new challenges to China, for example, in the form of shrinking size of its traditional export market in the USA and Europe. China needs to modify its strategy from previous export-oriented and investment-driven strategy into one with more emphasis on consumption. There is a lot of scope for China to embark on productive consumption such as cleaning up the environment, physical infrastructure, social security, education and healthcare. If done well, they will lay a firm basis for long-term economic development. It represents an occasion for China to embark on a nation-wide effort to upgrade its economy in the key sectors. At the same time, attention needs to be paid to improving economic-legal institutional framework to support China's role as a major global player.

Download or read book China s Response to the Global Financial Crisis written by and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1997, several East Asian economies (notably Indonesia, Thailand, and South Korea), and since 1998, Russia and Brazil, have experienced significant financial difficulties, including sharp currency depreciations, plunging stock market prices, and declining economic growth. The global financial crisis contributed to a slowdown in the growth of the Chinese economy in 1998, especially its export sector, although it fared better than most of its East Asian neighbors, many of whom fell into recession. However, many analysts have expressed concern that a deepening of the global financial crisis may induce China to devalue its currency, the yuan, in order to stimulate export growth. Such a move could lead to a new destabilizing round of currency devaluations throughout East Asia, which would further depress U.S. exports to the region. In addition, it would make Chinese products cheaper in U.S. markets and thus exacerbate the U.S. trade deficit with China. Another concern is that China might also choose to respond to the financial crisis by putting a hold on its plans to liberalize its economy and lower trade barriers. This could further complicate Chinaâ€TMs attempt to join the World Trade Organization and further strain U.S.-China economic relations.

Download or read book China s Response to the Global Financial Crisis Examining the Incentives Behind China s Stimulus Package Economic Social and Political Argument I written by U. S. Military and published by Independently Published. This book was released on 2018-09-03 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the incentives behind China's decision to implement its aggressive $585 billion economic stimulus package in response to the global financial crisis, or GFC. The thesis assesses the explanatory power of economic, social, and political causal factors to explain China's decision. The main finding of this thesis combines all three factors to demonstrate that China's stimulus package was most likely implemented because the Chinese Communist Party (CCP) perceived that it was necessary to protect its regime. The economic argument demonstrates how China's government had to resort to an investment-led stimulus plan to generate economic growth through domestic demand after the GFC severely damaged China's export sector. The social argument establishes how tens of millions of people left unemployed by the GFC felt marginalized by the government due to the country's inequitable economic growth, which was perceived to have primarily benefitted the regime. This increased the potential for social instability, which would have been directed at the CCP. Lastly, the political argument determines how the regime was under significant political pressure to meet domestic and international expectations to sustain economic growth throughout the GFC. These findings underscore how the CCP prioritizes regime survival over long-term economic development. Prior to the 2008 global financial crisis, China was in the process of enacting significant reforms designed to improve the efficiency of its market economy. Among these reform efforts, China forced its inefficient state-owned enterprises to downsize, furloughed millions of state workers, and spent trillions of yuan to restructure and improve the solvency of its banking sector. In response to the crisis, China initially implemented an aggressive 4 trillion yuan (over $585 billion) economic stimulus package in November 2008, which ballooned to over double that amount (or nearly triple by some accounts) by 2010. China's stimulus package was among the fastest issued and largest in size in the world, helping its country to sustain economic growth while most other countries endured deep recession. Funds from the stimulus package were primarily allocated to large infrastructure projects that would employ millions of laid off workers. Although the stimulus package provided a temporary economic boost within China, it impeded the progress of its previous reform efforts well after the crisis subsided. The package's loose monetary policy and increased bank credit, coupled with urgent state messages to spend, implanted a moral hazard into the banking sector, reversed efforts to make state-owned enterprises more efficient, and made China's economy increasingly reliant on investment

Download or read book The Global Recession and China s Political Economy written by D. Yang and published by Springer. This book was released on 2012-04-14 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, some of the leading scholars on China's development examine China's responses to the global financial crisis and their implications for China's economy, society, and the international balances of power.

Download or read book Re balancing China written by Peter Nolan and published by Anthem Press. This book was released on 2015-03-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Re-balancing China’ addresses three key sets of issues in China’s political economy. Part One provides an analysis of the profound effect of the global financial crisis upon China’s economy, as well as the positive impact of the massive rescue package that was implemented in response to the crisis. Part Two focuses on the challenge of globalization for China’s industrial policy. After more than two decades of industrial policy, China still has a negligible number of large firms that are competitive in global markets. China’s experience presents a fundamental challenge to traditional concepts of industrial policy and development. Part Three examines China’s international relations – in particular, its relationship with the US and the interactions between the two countries in the East and South China Seas.

Download or read book China s Response to the Global Financial Crisis written by Progressive Management and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Red Capitalism written by Carl E. Walter and published by John Wiley & Sons. This book was released on 2011-01-19 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the global financial crisis has created a banking system the stability of which can be maintained only behind the walls of a non-convertible currency, a myriad of off-balance sheet arrangements with non-public state entities and the strong support of its best borrowers--the politically potent National Champions--who are the greatest beneficiaries of the financial status quo. China's financial system is not a model for the west and, indeed, is not a sustainable arrangement for China itself as it seeks increasingly to assert its influence internationally. This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon.

Download or read book China s New Place in a World in Crisis written by Ross Garnaut and published by ANU E Press. This book was released on 2009-07-01 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world and China's place in it have been transformed over the past year. The pressures for change have come from the most severe global financial crisis ever. The crisis has accelerated China's emergence as a great power. But China and its global partners have yet to think or work through the consequences of its new position for the governance of world affairs. China's New Place in a World in Crisis discusses and provides in-depth analysis of the following questions. How have China's growth prospects been affected by the global crisis? How will the crisis and China's response to it impact China's major domestic issues, such as industrialisation, urbanisation and the reform of the state-owned sector of the economy? How will the crisis and the international community's response to it affect the rapidly emerging new international order? What will be China's, and other major developing countries', new role? Can China and the world find a way of breaking the nexus between economic growth and environmental sustainability - especially on the issue of climate change?

Download or read book China s Policy Responses to the Global Financial Crisis written by Yu Yongding and published by . This book was released on 2009 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical examination of how the Chinese government has handled the GFC.

Download or read book The Impact of the Global Financial Crisis on the Chinese Economy and China s Policy Responses written by Yongding Yu and published by . This book was released on 2010 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book China and the Credit Crisis written by Giles Chance and published by John Wiley & Sons. This book was released on 2012-11-27 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The western world attributed China’s role as world’s largest financer of the developed world and third largest economy in the world to new economic efficiencies, a revolution in risk management and its own wise policies. China and the Credit Crisis argues that if the extent of the role played in the new prosperity by an emerging China, and the fundamental nature of the changes it brought had been better understood, more appropriate policies and actions would have been adopted at the time which could have avoided the crash, or at least limited its impact. China’s Credit Crisis examines the larger role that China will play in the recovery from the current credit crisis and in the post-crisis world. It addresses the major questions which arise from the financial crisis and discuss the landscape of the post-credit crisis world, initially by continuing to provide growth to a world deep in recession, and later by sharing global economic and political leadership

Download or read book Unexpected Outcomes written by Carol Wise and published by Brookings Institution Press. This book was released on 2015-03-10 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.