What doesn’t kill you makes you stronger: China and the global financial crisis
Date
2009
Authors
Manson, Malcolm
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Publisher
Bachelor of Commerce Best Business Research Papers
Abstract
The financial crisis of 2008 has caused serious problems around the world. Recent developments indicate that China has and will be affected. However, if China acts quickly and effectively, it may be able to come out of the crisis stronger than before. The Chinese strategy to combat these effects is to attempt to boost domestic demand through an economic stimulus package. This paper highlights some of the weaknesses of the Chinese economy that will be amplified by the crisis. Specifically, the underdevelopment of its financial system, social security system, and the size of its saving rate will play a role in the way that China is affected by the crisis. In addition, it also makes recommendations on how to lessen the impacts of the financial crisis. Recommendations include improving the current financial and social security systems, a campaign to educate rural citizens, rural business incentives, and increasing the financial stimulus package.
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Citation
Manson, M. (2009). What doesn’t kill you makes you stronger: China and the global financial crisis. Bachelor of Commerce Best Business Research Papers, 2, 35–42.