China’s Policy Responses to the Global Financial Crisis
Productivity Commission: Richard Snape Lecture, November 25, 2009
20 Pages Posted: 27 May 2010
Date Written: November 25, 2009
The Commission’s annual Richard Snape Lecture was presented by Professor Yu Yongding from the Chinese Academy of Social Sciences (Beijing) on 25 November 2009 in Melbourne.
In an address titled ‘China’s Policy Responses to the Global Financial Crisis’ Professor Yu described how the Chinese Government’s stimulus package and expansionary monetary policy succeeded in arresting falls in China’s economic growth resulting from the global financial crisis.
He also identified potential threats to the sustainability of China’s economic recovery, and emphasised the need to tackle underlying structural problems to ensure solid foundations for future growth.
Keywords: China’s Economic Growth, Global Financial Crisis, Economic Growth, Economic Recovery, Monetary Policy
JEL Classification: E52, E62, G01
Suggested Citation: Suggested Citation