Publication

This paper discusses the impact of the global financial crisis on China and the reaction of the government. The author argues that the Chinese economy is significantly affected in its exports, foreign exchange reserves and structural adjustments. The Chinese government's reaction is describes as effective in boosting short-term economic growth, but as insufficient in ensuring sustainable long-term growth. The paper ends with policy suggestions which include how to stimulate household consumption, how to mitigate the pressure of unemployment and how to diversify China's foreign exchange portfolio.