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# 146717
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Global Financial Crisis and Challenges for China

Author :  Yang Mu & Michael Heng Siam-Heng

Product Details

Country
Singapore
Publisher
World Scientific Publishing Co. Pte. Ltd.,Singapore
ISBN 9789814282277
Format HardBound
Language English
Year of Publication 2012
Bib. Info vii. 133p. ; 24cm.
Product Weight 402 gms.
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Product Description

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 2008–09 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.

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