Journal article | Zeitschriftenartikel

China's economic policy in the time of the global financial crisis: which way out?

This contribution analyses the impact of the global financial crisis on the Chinese economy and the policies implemented by the Chinese government to cope with it. We argue, first, that China has not been able to decouple its economic performance from that of the U.S. and other developed countries. Second, although economic growth in the second quarter of 2009 showed that the stimulus package is working, the current development does not seem to be sustainable. In order to avoid another round of overheating, the government needs to adjust its stimulus policy. Third, the current crisis offers opportunities to conduct necessary structural adjustments in favour of more market-based and innovative industries, more investment by private companies and a stronger role of private consumption in economic growth. Fourth, with the external demand from the OECD countries declining, Chinese export companies need to further diversify their international markets and reorient their production and sales strategies to some extent towards the domestic market.

Alternative title
Chinas Wirtschaftspolitik in der Zeit der globalen Finanzkrise: welchen Weg wählt China?
ISSN
1868-4874
Extent
Seite(n): 165-181
Language
Englisch
Notes
Status: Veröffentlichungsversion; begutachtet (peer reviewed)

Bibliographic citation
Journal of Current Chinese Affairs, 38(3)

Subject
Wirtschaft
Öffentliche Finanzen und Finanzwissenschaft
Wirtschaftspolitik
Staat
China
wirtschaftliche Folgen
Außenhandel
Investition
Auswirkung
Investitionspolitik
Wirtschaftspolitik
politischer Wandel
Krisenbewältigung
Finanzkrise
Nachhaltigkeit
Export
deskriptive Studie
anwendungsorientiert

Event
Geistige Schöpfung
(who)
Schüller, Margot
Schüler-Zhou, Yun
Event
Veröffentlichung
(where)
Deutschland
(when)
2009

URN
urn:nbn:de:gbv:18-4-654
Last update
21.06.2024, 4:27 PM CEST

Data provider

This object is provided by:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.

Object type

  • Zeitschriftenartikel

Associated

  • Schüller, Margot
  • Schüler-Zhou, Yun

Time of origin

  • 2009

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