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The Global Financial Crisis

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  • Mary Ip

Abstract

In general, China's response to the global financial crisis was not very different from that of other countries: a stimulus package worth trillions of renminbi, aimed at encouraging domestic consumption. At the same time, China realized that containing the economic havoc would also require the adoption of new legal measures. Consequently, a series of rules and regulations was promulgated as part of the country's strategic response to the crisis. The objective of this article is to examine the role of law in promoting economic stability in China during the financial crisis. The discussion focuses on contract law and bankruptcy law. How well does the regulatory regime address the economic dislocation of the global downturn? To what extent has the administration of policy contributed to the revitalization of the Chinese economy?

Suggested Citation

  • Mary Ip, 2012. "The Global Financial Crisis," Chinese Economy, Taylor & Francis Journals, vol. 45(3), pages 8-23, May.
    • Handle: RePEc:mes:chinec:v:45:y:2012:i:3:p:8-23
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    Cited by:

    1. Rostami, Raheleh & Khoshnava, Seyed Meysam & Lamit, Hasanuddin & Streimikiene, Dalia & Mardani, Abbas, 2017. "An overview of Afghanistan's trends toward renewable and sustainable energies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 1440-1464.
    2. Ahliman Abbasov, 2019. "Pooled Mean Group Approach to Test the Determinants of Financial Integration: Evidence From OECD and G20 Countries," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 366-370, December.

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