China: Global Crisis Avoided, Robust Economic Growth Sustained

31 Pages Posted: 20 Apr 2016

See all articles by Gallina Andronova Vincelette

Gallina Andronova Vincelette

The World Bank

Alvaro Manoel

World Bank

Ardo Hansson

affiliation not provided to SSRN

Louis Kuijs

World Bank; International Monetary Fund (IMF)

Date Written: September 1, 2010

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.

Keywords: Debt Markets, Economic Theory & Research, Emerging Markets, Currencies and Exchange Rates, Access to Finance

Suggested Citation

Vincelette, Gallina Andronova and Manoel, Alvaro and Hansson, Ardo and Kuijs, Louis, China: Global Crisis Avoided, Robust Economic Growth Sustained (September 1, 2010). World Bank Policy Research Working Paper No. 5435, Available at SSRN: https://ssrn.com/abstract=1683906

Gallina Andronova Vincelette (Contact Author)

The World Bank ( email )

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+1.202.473.0288 (Phone)

Alvaro Manoel

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Ardo Hansson

affiliation not provided to SSRN

No Address Available

Louis Kuijs

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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