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How globalisation has affected China and related policy issues

In: Globalisation and deglobalisation

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  • The People’s Bank of China

Abstract

Globalisation is a double-edged sword, especially for EMEs. On the one hand, globalisation has boosted national income, spurred trade and investment and promoted the sustained and healthy development of China’s economy. On the other hand, globalisation has also expanded China’s domestic income gap and intensified pressure on cross-border capital flows. As a response to these challenges, and like other EMEs, China conducts sound macroeconomic policies and promotes structural reforms with the aim of creating a robust macroeconomic environment.

Suggested Citation

  • The People’s Bank of China, 2018. "How globalisation has affected China and related policy issues," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 101-104, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:100-06
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