Regulatory intervention rescued China from the impact of the global financial crisis

LI Ping and YU Genqian

Deputy Director General, Institute of Industrial Economics, Chinese Academy of Social Sciences

Senior Statistician, Institute of Statistical Science, National Bureau of Statistics

 
Abstract:

Abstract: Following the order of events, this paper makes a systematic and comprehensive summary of how the global financial crisis of 2008 affected China. It includes an econometric assessment using by-industry and by-region data, and describes the role of government regulation from a new perspective. China’s economic recovery is a result of regulatory intervention, and enhancing economic momentum created conditions for such intervention to phase out.

Key Words: global financial crisis, recession, government regulation, economic recovery

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