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The Fiscal Stimulus Programme and Public Governance Issues in China

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  • Christine Wong

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.

Suggested Citation

  • Christine Wong, 2011. "The Fiscal Stimulus Programme and Public Governance Issues in China," OECD Journal on Budgeting, OECD Publishing, vol. 11(3), pages 1-22.
  • Handle: RePEc:oec:govkaa:5kg3nhljqrjl
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    File URL: http://dx.doi.org/10.1787/budget-11-5kg3nhljqrjl
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    3. Miklós Losoncz, 2017. "The Dilemmas of China’s Shift in Growth Trajectory and Economic Governance," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(Sepcial I), pages 21-49.
    4. repec:unt:jnapdj:v:24:y:2017:i:1:p:1-21 is not listed on IDEAS
    5. 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).
    6. Huang, Daisy J. & Leung, Charles K. & Qu, Baozhi, 2015. "Do bank loans and local amenities explain Chinese urban house prices?," China Economic Review, Elsevier, pages 19-38.
    7. Anton Granik & Francesco Saraceno, 2012. "Institutions and growth : a simplified theory of decentralization and corruption," Sciences Po publications 2012-21, Sciences Po.
    8. repec:eee:jbfina:v:86:y:2018:i:c:p:177-193 is not listed on IDEAS
    9. Jose-Miguel Albala-Bertrand, 2016. "Industrial Interdependence: China 1995-2010," Working Papers 802, Queen Mary University of London, School of Economics and Finance.
    10. repec:spo:wpecon:info:hdl:2441/53r60a8s3kup1vc9k2cag6dp8 is not listed on IDEAS
    11. J.M. Albala-Bertrand, 2016. "Structural change in industrial output: China 1995-2010," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing, vol. 9(2), pages 146-170, June.
    12. repec:spr:soinre:v:132:y:2017:i:1:d:10.1007_s11205-015-1223-z is not listed on IDEAS

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