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China's economic recovery and the China model

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  • Baocheng Ji
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    Abstract

    Starting with the US subprime crisis, the world has fallen into the most severe economic crisis since the Great Depression. Unlike other major nations, China was the first to recover from the economic downturn. Researchers and policymakers have begun to wonder if China could actually bring the world out of the financial crisis. This paper intends to contribute to the discussion relating China's outstanding economic performance with reference to the 'China model'. China has recently managed to escape from the world economic recession and demonstrated a strong tendency for full recovery. The core reason lies in the fact that the Chinese system is characterized with a unique mechanism of resource allocation, and a macroeconomic decision-making process functions as a powerful and effective instrument with regard to crisis management. Moreover, the existence of state enterprises that are compatible with a market-oriented economy has played an important role in stimulating economic activity.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Journal of Chinese Economic and Business Studies.

    Volume (Year): 8 (2010)
    Issue (Month): 3 ()
    Pages: 215-226

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    Handle: RePEc:taf:jocebs:v:8:y:2010:i:3:p:215-226

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    Keywords: China model; China's economic recovery; financial crisis;

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    Cited by:
    1. Gheorghe H. Popescu & Elvira Nica, 2014. "The Roots of China’s Economic Slowdown," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 14-17, March.
    2. Asongu Simplice & Aminkeng Gilbert, 2013. "The Economic Consequences of China-Africa Relations: Debunking Myths in the Debate," Working Papers 13/020, African Governance and Development Institute..
    3. Qiwei Chen & Ying Jiang & Yuan Li, 2012. "The state of the market and the contrarian strategy: evidence from China's stock market," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 10(1), pages 89-108, September.
    4. Thomas Cornelissen & John Heywood & Uwe Jirjahn, 2014. "Reciprocity and Profit Sharing: Is There an Inverse U-shaped Relationship?," Journal of Labor Research, Springer, vol. 35(2), pages 205-225, June.

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