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The current global financial turmoil, triggered by the US subprime crisis, has spread quickly and resulted in the worst global economic crisis since the 1930s. As the world's third largest economy and the second largest trading nation, China is inevitably affected seriously. How China responds to the crisis and how effective its measures are in sustaining a healthy growth will have important implications, both domestically and internationally. The chapters in this volume are divided into five sections. Section one examines the overall impact of the global economic crisis and the responses of the Chinese government. Section two studies the regional aspect of the economy affected by the crisis. Section three explores such economies of the Mainland's southern neighbors as Hong Kong, Macao and Taiwan, and the prospect of China's trade. Section four surveys the impact on the ideological and social aspects of the country. Section five concludes with an assessment of China's external policies. The volume offers a comprehensive and in-depth assessment of the impact of the crisis and the measures of the Chinese government to overcome the difficulties.
List of contents
China's Economy in 2009: Crisis of a Sharp Slowdown; How Severe is China's Economic Downturn? China's Responses to the Economic Crisis; Crisis of Industrialization in the Pearl River Delta Region; Global Economic Crisis and China's Regional Economy: A Comparative Study of PRD and YRD; ECFA Proposal and its Implication for Cross-Strait Relations; Hong Kong's Economy in the Financial Crisis; China's Trade Prospect in 2009; Global Financial Crisis and the Voice of the New Left in China; Unemployment and Social Instability in China: Will They Run Out of Control; International Economic Crisis and China's External Response.
