How Globalisation has Affected China and Related Policy Issues

4 Pages Posted: 13 Feb 2019

Date Written: December 21, 2018

Abstract

Globalisation is a double-edged sword, especially for EMEs. On the one hand, globalisation has boosted national income, spurred trade and investment and promoted the sustained and healthy development of China’s economy. On the other hand, globalisation has also expanded China’s domestic income gap and intensified pressure on cross-border capital flows. As a response to these challenges, and like other EMEs, China conducts sound macroeconomic policies and promotes structural reforms with the aim of creating a robust macroeconomic environment.

Full Publication: Globalisation and Deglobalisation

Keywords: globalisation, China's economy, reform

JEL Classification: F60

Suggested Citation

(PBC), The People's Bank of China, How Globalisation has Affected China and Related Policy Issues (December 21, 2018). BIS Paper No. 100f, Available at SSRN: https://ssrn.com/abstract=3331976

The People's Bank of China (PBC) (Contact Author)

The People's Bank of China (PBC) ( email )

No.32 Chengfang Street
Xi Cheng, Beijing 100800
China

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