The Global Financial Crisis

Xiaochuan Zhu

Chinese Economy, 2012, vol. 45, issue 3, 42-55

Abstract: This article examines the legal and regulatory changes occurring in China since the global financial crisis. An introduction and analysis of the economic stimulus plan of the Chinese government and the rapid policy shifts in prudential regulation are followed by a review of the law enforcement actions and congressional legislation undertaken in response to the crisis. some observations are offered on the ideology and role of the central government in legislation, law enforcement, and financial supervision. Finally, the challenge of flexible governance within the rule of law is examined.

Date: 2012
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