Resource information
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.
