China : Global Crisis Avoided, Robust Economic Growth Sustained

Vincelette, Gallina Andronova; Manoel, Alvaro; Hansson, Ardo; Kuijs, Louis

dc.creator	Vincelette, Gallina Andronova
dc.creator	Manoel, Alvaro
dc.creator	Hansson, Ardo
dc.creator	Kuijs, Louis
dc.date	2012-03-19T18:42:08Z
dc.date	2012-03-19T18:42:08Z
dc.date	2010-09-01
dc.date.accessioned	2023-02-17T21:05:56Z
dc.date.available	2023-02-17T21:05:56Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100927133651
dc.identifier	http://hdl.handle.net/10986/3918
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244888
dc.description	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.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5435
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO FINANCING
dc.subject	ACCOUNTING
dc.subject	ACCOUNTING FRAMEWORK
dc.subject	ADVANCED COUNTRIES
dc.subject	AGGREGATE DEMAND
dc.subject	AGRICULTURE
dc.subject	ALLOCATION OF CAPITAL
dc.subject	ARREARS
dc.subject	ASSET PRICES
dc.subject	BANK LOANS
dc.subject	BANK PORTFOLIOS
dc.subject	BANKING SECTOR
dc.subject	BANKING SYSTEM
dc.subject	BANKRUPTCY
dc.subject	BASIS POINTS
dc.subject	BOND
dc.subject	BUDGET DEFICITS
dc.subject	CAPITAL ACCOUNT
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL BASES
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL MARKETS
dc.subject	CENTRAL BANK
dc.subject	COMMERCIAL BANK
dc.subject	COMMERCIAL BANK LENDING
dc.subject	COMMERCIAL BANKS
dc.subject	COMMODITY
dc.subject	COMMODITY PRICE
dc.subject	COMMODITY PRICES
dc.subject	COMPETITIVENESS
dc.subject	CONSUMER PRICE INDEX
dc.subject	CREDIT CEILINGS
dc.subject	CREDIT EXPANSION
dc.subject	CREDIT GROWTH
dc.subject	CREDIT QUALITY
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT DEFICITS
dc.subject	CURRENT ACCOUNT SURPLUS
dc.subject	CURRENT ACCOUNT SURPLUSES
dc.subject	DEBT
dc.subject	DEBT SECURITIES
dc.subject	DEBTS
dc.subject	DEPOSITS
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING COUNTRY
dc.subject	DISPOSABLE INCOME
dc.subject	DIVIDEND PAYMENT
dc.subject	DIVIDENDS
dc.subject	DOMESTIC BANK
dc.subject	DOMESTIC BANKS
dc.subject	DOMESTIC MARKETS
dc.subject	ECONOMIC COOPERATION
dc.subject	ECONOMIC CRISIS
dc.subject	ECONOMIC DEVELOPMENTS
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC OUTLOOK
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC POLICIES
dc.subject	ECONOMIC REFORMS
dc.subject	ECONOMIC RELATIONS
dc.subject	ECONOMIC STRUCTURE
dc.subject	ECONOMIC SURVEYS
dc.subject	ECONOMIES OF SCALE
dc.subject	EMERGING ECONOMIES
dc.subject	EMERGING MARKET
dc.subject	EMERGING MARKET ECONOMIES
dc.subject	EMERGING MARKETS
dc.subject	EQUIPMENT
dc.subject	EQUITIES
dc.subject	EQUITY MARKET
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATES
dc.subject	EXPORT GROWTH
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXPORTS
dc.subject	EXTERNAL DEBT
dc.subject	FINANCIAL CAPITAL
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INNOVATION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIAL SUPPORT
dc.subject	FINANCIAL SYSTEM
dc.subject	FISCAL DEFICIT
dc.subject	FISCAL DISCIPLINE
dc.subject	FISCAL POLICIES
dc.subject	FISCAL POLICY
dc.subject	FIXED ASSETS
dc.subject	FLEXIBLE EXCHANGE RATE
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RESERVE
dc.subject	FOREIGN EXCHANGE RESERVES
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN INVESTORS
dc.subject	GDP
dc.subject	GINI COEFFICIENT
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBAL MARKETS
dc.subject	GLOBAL OUTPUT
dc.subject	GLOBAL TRADE
dc.subject	GLOBALIZATION
dc.subject	GOVERNMENT BUDGETS
dc.subject	GOVERNMENT DEBTS
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	GOVERNMENT FINANCE
dc.subject	GOVERNMENT FINANCES
dc.subject	GOVERNMENT INVESTMENT
dc.subject	GOVERNMENT REVENUES
dc.subject	GOVERNMENT SAVING
dc.subject	GOVERNMENT SPENDING
dc.subject	GOVERNMENT SUPPORT
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROWTH POTENTIAL
dc.subject	GROWTH RATE
dc.subject	GROWTH RATES
dc.subject	HOLDINGS
dc.subject	HOUSEHOLD INCOME
dc.subject	HOUSEHOLD INCOMES
dc.subject	HOUSEHOLD SAVINGS
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN DEVELOPMENT
dc.subject	INCOME INEQUALITIES
dc.subject	INCOME INEQUALITY
dc.subject	INDUSTRIALIZATION
dc.subject	INFLATION
dc.subject	INFLATION RISKS
dc.subject	INFLATIONARY PRESSURES
dc.subject	INFRASTRUCTURE INVESTMENTS
dc.subject	INSURANCE
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTMENT FINANCING
dc.subject	INVESTMENT INCOME
dc.subject	INVESTMENT PROJECTS
dc.subject	INVESTMENT RATE
dc.subject	INVESTMENT RATES
dc.subject	INVESTMENT SPENDING
dc.subject	LABOR MARKET
dc.subject	LAND REFORM
dc.subject	LEGAL FRAMEWORK
dc.subject	LENDER
dc.subject	LIQUIDITY
dc.subject	LOAN
dc.subject	LOAN RATES
dc.subject	LOCAL GOVERNMENT
dc.subject	LOCAL GOVERNMENTS
dc.subject	LOW INTEREST RATES
dc.subject	M1
dc.subject	M2
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MACROECONOMIC POLICY
dc.subject	MARKET CONDITIONS
dc.subject	MARKET SHARE
dc.subject	MATURITY
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICIES
dc.subject	MONETARY POLICY
dc.subject	MONEY SUPPLY
dc.subject	MORTGAGES
dc.subject	MUNICIPAL INVESTMENT
dc.subject	NATIONAL SAVING
dc.subject	NET EXPORTS
dc.subject	NONPERFORMING LOANS
dc.subject	OUTSTANDING BANK LOANS
dc.subject	PENSION
dc.subject	PENSIONS
dc.subject	POLICY RESPONSE
dc.subject	POLICY RESPONSES
dc.subject	PORTFOLIO
dc.subject	POTENTIAL OUTPUT
dc.subject	PRICE INCREASES
dc.subject	PRIVATE CAPITAL
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATIZATION
dc.subject	PRODUCTION FUNCTION
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROTECTIONISM
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC INVESTMENT
dc.subject	PUBLIC INVESTMENTS
dc.subject	PURCHASING POWER
dc.subject	RAPID GROWTH
dc.subject	RATES OF RETURN
dc.subject	REAL ESTATE INVESTMENT
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL GDP
dc.subject	REPAYMENT
dc.subject	RESERVE REQUIREMENT
dc.subject	RESERVES
dc.subject	RISK PREMIUMS
dc.subject	SAFETY NETS
dc.subject	SHARE OF INVESTMENT
dc.subject	SHARE OF WORLD TRADE
dc.subject	SKILLED WORKERS
dc.subject	SOCIAL SAFETY NETS
dc.subject	STOCK MARKETS
dc.subject	SURPLUS LABOR
dc.subject	SUSTAINABLE GROWTH
dc.subject	TAX
dc.subject	TAX COLLECTIONS
dc.subject	TAX REVENUES
dc.subject	TAX SYSTEM
dc.subject	TAXATION
dc.subject	TELECOMMUNICATIONS
dc.subject	TOTAL FACTOR PRODUCTIVITY
dc.subject	TRADE LIBERALIZATION
dc.subject	TRADING
dc.subject	TRANSACTION
dc.subject	URBANIZATION
dc.subject	VALUATION
dc.subject	VALUE ADDED
dc.subject	WAGES
dc.subject	WORLD TRADE ORGANIZATION
dc.title	China : Global Crisis Avoided, Robust Economic Growth Sustained
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	East Asia and Pacific
dc.coverage	East Asia and Pacific
dc.coverage	East Asia
dc.coverage	Asia
dc.coverage	China