Reports | 12 February 2009

China and the global financial crisis

In the Griffith-Lowy Institute Project's second publication, Prof. Liew analyses the domestic impacts of the global financial crisis in China and the nature of its initial responses. The global crisis has hit China at a particularly inopportune time politically and economically. The crisis has whiplashed China. It has hit when authorities were trying to cool down an overheating economy and shift production upwards. Now, China is faced with the task of boosting growth in a struggling economy and supporting labour-intensive export industries that are bearing the brunt of the crisis in China. How effective China is in managing this policy U-turn is critical for its growth outlook beyond the crisis.

Leong H. Liew

  • Leong H. Liew

In the Griffith-Lowy Institute Project's second publication, Prof. Liew analyses the domestic impacts of the global financial crisis in China and the nature of its initial responses. The global crisis has hit China at a particularly inopportune time politically and economically. The crisis has whiplashed China. It has hit when authorities were trying to cool down an overheating economy and shift production upwards. Now, China is faced with the task of boosting growth in a struggling economy and supporting labour-intensive export industries that are bearing the brunt of the crisis in China. How effective China is in managing this policy U-turn is critical for its growth outlook beyond the crisis.

Leong H. Liew

  • Leong H. Liew