Resumen de The Impact of the Global Crisis on China and its Reaction
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.
