Country | |
Publisher | |
ISBN | 9789814282277 |
Format | HardBound |
Language | English |
Year of Publication | 2012 |
Bib. Info | vii. 133p. ; 24cm. |
Product Weight | 402 gms. |
Shipping Charges(USD) |
1. Global Financial Crisis, 2008-2009 2. China Economic condition 2000- 3. China Foreign relations The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results both positive and negative aspects in the middle and long term. The 200809 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic consumption and a healthy financial system, is one of the most important drivers to pull the world out of recession.