China And The World Economy: Anti-crisis And Rebalance

This book analyzes the Chinese economy and the world economy after the 2008 financial crisis, focusing on the core logic of the anti-crisis and rebalancing growth, macro-economic policies, foreign direct investment, and the service industry.

Format: Hardback
Length: 236 pages
Publication date: 02 September 2022
Publisher: World Scientific Publishing Co Pte Ltd

This comprehensive book delves into the intricate workings of the Chinese economy and the global economy following the financial crisis of 2008. It begins by examining the fundamental principles underlying the global economic dilemma of anti-crisis and rebalancing growth. The analysis then proceeds to analyze the profound impact of major countries' macroeconomic policies on the world economy, as well as the external challenges and strategies adopted by the Chinese economy. Furthermore, the book explores the evolution of foreign direct investment and the service industry in key countries during this period of transformation. By examining these key aspects, the book provides valuable insights into the complex dynamics shaping the global economy and offers valuable policy recommendations for both China and other nations.

Introduction:
The financial crisis of 2008 marked a significant turning point in the global economy, leading to widespread economic instability and uncertainty. The crisis had far-reaching consequences, not only for individual countries but also for the world economy as a whole. In response, governments and central banks around the world implemented various policies to stabilize the financial system and promote economic recovery.

The Chinese Economy:
China is one of the world's largest economies and plays a crucial role in global economic growth. The Chinese economy experienced significant growth in the years leading up to the crisis, driven by a combination of government investment, exports, and domestic consumption. However, the crisis had a profound impact on the Chinese economy, leading to a sharp decline in economic growth and a rise in unemployment.

The Global Economic Dilemma:
The global economic dilemma of anti-crisis and rebalancing growth emerged as a result of the financial crisis. The crisis highlighted the need for coordinated efforts to address global economic imbalances and promote sustainable economic growth. The dilemma revolves around the need to balance the interests of developed and developing countries, as well as the need to promote economic stability and growth.

The Impact of Major Countries' Macroeconomic Policies:
The macroeconomic policies of major countries play a critical role in shaping the global economy. The policies of countries such as the United States, China, Japan, and Europe have a significant impact on trade, investment, and economic growth. For example, the United States' monetary policy, which involves low interest rates and quantitative easing, has helped to stimulate economic growth in the United States and other countries.

The External Risks and Countermeasures Faced by the Chinese Economy:
The Chinese economy faces a number of external risks and challenges, including trade tensions with the United States, geopolitical risks, and economic fluctuations in other countries. To address these risks, the Chinese government has implemented a series of policies aimed at promoting economic stability and growth. These policies include measures to reduce trade barriers, invest in infrastructure, and promote innovation and entrepreneurship.

The Development of Foreign Direct Investment and the Service Industry:
Foreign direct investment (FDI) is a key driver of economic growth and development. After the financial crisis, major countries saw a significant increase in FDI flows, particularly to developing countries. The service industry has also played a significant role in global economic growth, particularly in countries such as the United States and China.

Conclusion:
The financial crisis of 2008 marked a significant turning point in the global economy, leading to widespread economic instability and uncertainty. The Chinese economy was particularly affected by the crisis, leading to a sharp decline in economic growth and a rise in unemployment. However, the Chinese government has implemented a series of policies aimed at promoting economic stability and growth, including measures to reduce trade barriers, invest in infrastructure, and promote innovation and entrepreneurship. The development of foreign direct investment and the service industry has also played a significant role in global economic growth, particularly in countries such as the United States and China.

ISBN-13: 9789811247613