Regulatory Intervention Rescued China from the Impact of Global Financial Crisis

19 Pages Posted: 22 Mar 2010

See all articles by Ping Li

Ping Li

Chinese Academy of Social Sciences (CASS) - Institute of Industrial Economics

Genqian Yu

Academia Sinica - Institute of Statistical Science

Date Written: March 21, 2010

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.

Keywords: Global Financial Crisis, Recession, Government Regulation, Economic Recovery

Suggested Citation

Li, Ping and Yu, Genqian, Regulatory Intervention Rescued China from the Impact of Global Financial Crisis (March 21, 2010). China Economist, Vol. 5, No. 2, 2010, Available at SSRN: https://ssrn.com/abstract=1576273

Ping Li (Contact Author)

Chinese Academy of Social Sciences (CASS) - Institute of Industrial Economics ( email )

Chinese Academy of Social Sciences
Beijing, Beijing 100097
China

Genqian Yu

Academia Sinica - Institute of Statistical Science ( email )

Nankang
Taipei, 11529
Taiwan

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