| China's Economy in 1998: Maintaining Growth and Staving Off the Asian Contagion Contributor(s): Wong, John (Author) |
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ISBN: 9810239033 ISBN-13: 9789810239039 Publisher: World Scientific Publishing Company OUR PRICE: $10.45 Product Type: Paperback Published: April 1999 Annotation: Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. Contains two articles, 'China and the Asian Financial Crisis: An Update' and 'China's Economy in 1998' |
| Additional Information |
| BISAC Categories: - Political Science | Political Economy - Business & Economics | Exports & Imports - Business & Economics | Economics - General |
| Dewey: 338 |
| Series: East Asian Institute Contemporary China |
| Physical Information: 0.18" H x 5.56" W x 8.05" (0.15 lbs) 48 pages |
| Themes: - Chronological Period - 1990's - Cultural Region - Chinese |
| Descriptions, Reviews, Etc. |
| Publisher Description: As the financial crisis swept the Asia-Pacific, China seemed to be the one economy in the region which had been left "largely unaffected" for various reasons, including its strong economic and financial fundamentals as well as its strong political will to defend the Renminbi, which had so far firmly stood the ground. However, China's economy ended 1998 with only 7.8% growth, slightly falling short of its officially pledged target of 8%. Though China in 1998 was still rated as the best-performing economy in the region, its economic growth momentum had visibly slowed down. The Asian contagion had finally caught up with China.It is not certain if the Chinese economy is entering a slower growth era though, in the short run, China can boost economic growth by expanding domestic demand. Slower economic growth for the country will have significant negative effects on its economic reform programmes and social stability. |