A defining moment? China's social policy response to the financial crisis
✍ Scribed by Arjan de Haan
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 107 KB
- Volume
- 22
- Category
- Article
- ISSN
- 0954-1748
- DOI
- 10.1002/jid.1726
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✦ Synopsis
Abstract
This paper discusses whether China's response to the 2008–2009 financial crisis is a ‘defining moment’, whether it is leading to a departure of China's export‐driven development model and whether the large stimulus package is strengthening its social policies and leading towards a more egalitarian structure. Two years after the crisis, it seems China has been very successful in managing the crisis, reaffirming political legitimacy, monitoring potential social unrest and introducing a wide range of promotive measures, even though this did not imply the sudden shift to promotion of household consumption some observers were arguing for. Copyright © 2010 John Wiley & Sons, Ltd.