The Impact of the Global Crisis on China and its Reaction

• Autores: Ming Zhang
• Localización: Análisis del Real Instituto Elcano ( ARI ), ISSN-e 1696-3466, Nº. 62, 2009
• Idioma: inglés
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• Resumen

  • The current global financial crisis is having a significant negative impact on the Chinese economy, affecting exports, foreign exchange reserves and structural adjustments. The Chinese Government`s reaction has so far been effective in boosting short-term economic growth, but has been insufficient to ensure sustainable long-term growth and new risks could arise. Policy suggestions include how to stimulate household consumption effectively, how to mitigate the pressure of unemployment and how to diversify China`s foreign exchange portfolio.