IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-25113-7_5.html
   My bibliography  Save this book chapter

Macroeconomic Implications and China

In: Asia and the Subprime Crisis

Author

Listed:
  • Chi Lo

    (Economic Strategist)

Abstract

Before the subprime crisis, there was hype among western analysts about China decoupling from the economic growth trend of the developed world. Many investment bank economists were pushing the idea of China becoming an independent economic power that could grow organically and at the same time propel global economic growth. In the early stage of the subprime crisis, many people even thought that China could replace the USA as the world growth driver and save the global economy from imploding under the global credit crisis. These thoughts are naïve. Globalisation and China’s internal growth imbalances clearly indicate that there had been no decoupling of Chinese growth and that China could not save the world at this stage of economic development. The subprime crisis has, meanwhile, offered valuable lessons for China’s economic policies and for understanding long-term risks in the Chinese banking sector.

Suggested Citation

  • Chi Lo, 2009. "Macroeconomic Implications and China," Palgrave Macmillan Books, in: Asia and the Subprime Crisis, chapter 4, pages 39-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25113-7_5
    DOI: 10.1057/9780230251137_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-25113-7_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.