Title

Chinese economy in the aftermath of the global financial crisis : challenges to macroeconomic rebalancing

Document Type

Journal article

Source Publication

International Journal of China Studies

Publication Date

8-1-2012

Volume

3

Issue

2

First Page

115

Last Page

149

Keywords

global financial crisis, Chinese economy, economic rebalancing, stimulus

Abstract

When the global financial crisis erupted in the United States in the fall of 2008, the Chinese economy was seen to be relatively immune. However, this optimism proved misplaced. The contagion quickly spread to China, albeit, the overall impact was moderate - at least when compared to many other advanced and emerging market economies. How and why was China impacted by the financial crisis? In particular, what were the "transmission channels" via which the contagion spread into the Chinese economy? How has Beijing responded to the economic and sociopolitical challenges unleashed by the crisis, and how effective have been their responses been? Furthermore, what must Beijing do over the long-term to rebalance its economy and make it less vulnerable to domestic and external shocks? This paper addresses these interrelated issues.

Print ISSN

21803250

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Full-text Version

Publisher’s Version

Recommended Citation

Sharma, S. (2012). Chinese economy in the aftermath of the global financial crisis: Challenges to macroeconomic rebalancing. International Journal of China Studies, 3(2), 115-149.