China : Global Crisis Avoided, Robust Economic Growth Sustained

Vincelette, Gallina Andronova ; Manoel, Alvaro ; Hansson, Ardo ; Kuijs, Louis

关键词: ACCESS TO FINANCING;    ACCOUNTING;    ACCOUNTING FRAMEWORK;    ADVANCED COUNTRIES;    AGGREGATE DEMAND;   

DOI  :  10.1596/1813-9450-5435
RP-ID  :  WPS5435

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper explores how the ongoingcrisis, the policy responses to it, and the post-crisisglobal economy will impact China's medium-termprospects for growth, poverty reduction, and development.The paper reviews China's pre-crisis growth experience,including its relationship to global economic developments.It discusses the pace, composition, sources, and financingof growth during 1995-2007, and the impact of key externaland domestic influences. The paper also analyzes theimmediate impact of the global crisis on China'seconomic performance in 2009 and its likely impact in theshort run. It then discusses the government's policyresponse, with a particular focus on the fiscal and monetarystimulus measures. Finally, the paper explores China'smedium-term growth prospects in light of the crisis and thekey policies for moving to a robust and sustainable growthpath post-crisis.