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China : global crisis avoided, robust economic growth sustained

Author

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  • Vincelette, Gallina Andronova
  • Manoel, Alvaro
  • Hansson, Ardo
  • Kuijs, Louis

Abstract

This paper explores how the ongoing crisis, the policy responses to it, and the post-crisis global economy will impact China's medium-term prospects for growth, poverty reduction, and development. The paper reviews China's pre-crisis growth experience, including its relationship to global economic developments. It discusses the pace, composition, sources, and financing of growth during 1995-2007, and the impact of key external and domestic influences. The paper also analyzes the immediate impact of the global crisis on China's economic performance in 2009 and its likely impact in the short run. It then discusses the government's policy response, with a particular focus on the fiscal and monetary stimulus measures. Finally, the paper explores China's medium-term growth prospects in light of the crisis and the key policies for moving to a robust and sustainable growth path post-crisis.

Suggested Citation

  • Vincelette, Gallina Andronova & Manoel, Alvaro & Hansson, Ardo & Kuijs, Louis, 2010. "China : global crisis avoided, robust economic growth sustained," Policy Research Working Paper Series 5435, The World Bank.
    • Handle: RePEc:wbk:wbrwps:5435
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    References listed on IDEAS

    as
    1. Louis Kuijs & Tao Wang, 2006. "China's Pattern of Growth: Moving to Sustainability and Reducing Inequality," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(1), pages 1-14, February.
    2. Xu, Xinpeng & Sheng, Yu, 2012. "Productivity Spillovers from Foreign Direct Investment: Firm-Level Evidence from China," World Development, Elsevier, vol. 40(1), pages 62-74.
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    Cited by:

    1. L. Alan Winters, 2012. "Living with China—Locally and Globally," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(4), pages 37-58.

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    Keywords

    Debt Markets; Economic Theory&Research; Emerging Markets; Currencies and Exchange Rates; Access to Finance;
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