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The Fiscal Stimulus Programme and Public Governance Issues in China

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  • Christine Wong
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    Abstract

    China introduced the largest stimulus package in the world in late 2008, in the wake of the global financial crisis. China was also the first major economy in the world to emerge from the crisis. After a brief though sharp downturn in 2008, the Chinese economy recovered and grew by 8.7% in 2009 and by 10.4% in 2010. This article discusses the fiscal stimulus measures adopted in China in terms of their substantive composition, as well as the decision-making processes and implementation mechanisms. It also discusses some of the challenges encountered.

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    File URL: http://dx.doi.org/10.1787/budget-11-5kg3nhljqrjl
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    Bibliographic Info

    Article provided by OECD Publishing in its journal OECD Journal on Budgeting.

    Volume (Year): 11 (2011)
    Issue (Month): 3 ()
    Pages: 1-22

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    Handle: RePEc:oec:govkaa:5kg3nhljqrjl

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    Cited by:
    1. Francesco Saraceno & Anton Granik, 2012. "Institutions and growth : a simplified theory of decentralization and corruption," Sciences Po publications 2012-21, Sciences Po.
    2. repec:spo:wpecon:info:hdl:2441/53r60a8s3kup1vc9k2cag6dp8 is not listed on IDEAS
    3. Kalinowski, Thomas, 2013. "Crisis management and the varieties of capitalism: Fiscal stimulus packages and the transformation of East Asian state-led capitalism since 2008," Discussion Papers, Project Group Modes of Economic Governance SP III 2013-501, Social Science Research Center Berlin (WZB).

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