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China Briefings

Reports on China issued by Samsung Economic Research Institute

China’s Economic Policy in the Second Half

China’s Economic Policy in the Second Half

Samsung Economic Research Institute Beijing Office

June 8, 2010

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1. Chinese Economy

In 2009, Chinese Economic Growth surpassed 8%

□ The global financial crisis that erupted in September 2008 caused the Chinese economy to contract.

- Since China mainly owned highly stable government and corporate bonds, it experienced only limited direct impact from the financial crisis.

• However, it suffered a visible decline in exports, as it recorded a brief 20% year-on-year decrease in the early 2009.

- As the contraction of exports, one of China 's main economic drivers, reated a multiplier effect, 1 growth slowed, triggering deflation.

• In the first quarter of 2009, the growth rate was 6.1%, the lowest since the 1990s. Between February and October of 2009, the Consumer Price Index (CPI) recorded year-on-year decreases every month.

Note

1. The total effect obtained of some economic variables, which can take place in the circular economic flow.
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