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The Other Countries’ Experience: Something To Learn

Author

Listed:
  • Aleksashenko, Sergei

    (NRU HSE)

  • Miroshnichenko, Dmitriy

    (NRU HSE)

  • Smirnov, Sergei

    (NRU HSE)

  • Chernyavsky, Andrei

    (NRU HSE)

Abstract

The article touches upon macroeconomic situation and macroeconomic politics of China, at the very outset and the peak of the world crisis as well as during the recovery. Certain moments that influenced the changes in the Chinese macroeconomic policy are emphasized. Anticrisis package adopted in November 2008 is analized as an element of more broad approach of Chinese authorities towards new economic realities. The role of a non standard (for any other countries) instrument — the elimination of the centralized “credit qoutas” — in supporting the overall economic activity in China is highlighted. Some particular characteristics of the Chinese monetary policy as efficiency, diversity, pragmatism, and targeting are precised.

Suggested Citation

  • Aleksashenko, Sergei & Miroshnichenko, Dmitriy & Smirnov, Sergei & Chernyavsky, Andrei, 2011. "The Other Countries’ Experience: Something To Learn," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 1-18.
    • Handle: RePEc:rnp:ecopol:a1122
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