摘要
Following the order of events, this paper makes a systematic and comprehensive summary of how the global financial crisis of 2008 affected China. It includes an econometric assessment using by-industry and by-region data, and describes the role of government regulation from a new perspective. China's economic recovery is a result of regulatory intervention, and enhancing economic momentum created conditions for such intervention to phase out.
Following the order of events, this paper makes a systematic and comprehensive summary of how the global financial crisis of 2008 affected China. It includes an econometric assessment using by-industry and by-region data, and describes the role of government regulation from a new perspective. China’s economic recovery is a result of regulatory intervention, and enhancing economic momentum created conditions for such intervention to phase out.
