Bank Lending, Inflation, and China′s Stock Market (2004–2010)

Burdekin, Richard C. K.; Tao, Ran

doi:10.1155/2011/652983

Cited by 4 publications

(1 citation statement)

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“…Bank lending in China totaled RMB 9.6 trillion in 2009, reaching nearly half of that year's GDP. Substantial funds from bank lending was funneled into the nation's stock and property markets rather than real economic activities, however, which contributed to the partial recovery of China's stock markets from the lows reached in early 2009 [12]. Even after adopting the expansionary fiscal policy, China's debtto-GDP ratio was still lower than 20 percent at the end of 2009.…”

Section: How Did China Maintain a High Growthmentioning

confidence: 99%

The Effects of the Global Financial Crisis on China's Financial Market and Macroeconomy

Willett

Zhang

2012

Economics Research International

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This paper provides a brief review of the increasing importance of China in the world economy and discusses the spillover effects of the global financial crisis on China's financial markets and macroeconomy. It presents and critiques alternative ways of estimating these effects. Contrary to much popular discussion, China was hit fairly hard by the global recession generated by the financial crisis. It suffered a huge drop in exports, and these effects on the economy were only partially offset by China's huge stimulus program. While growth remained well above international averages, its drop was of the same order of magnitude as for the United States. The paper closes with a brief discussion of some of the major challenges facing China to rebalance its economy in order to sustain high growth.

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Section: How Did China Maintain a High Growthmentioning

confidence: 99%