Northeast China’s economy under the world financial crisis

Dmitry Izotov

Economy of region, 2010, vol. 1, issue 4, 229 - 234

Abstract: Increase in investment in fixed assets under the financial crisis was the only way to support high growth rates of the Chinese economy by compensating for slackening in exports. In the near future the strategy will be based on domestic demand boosting. Implementation of the stimulus package along with the Economic Recovery Plan led to high investment in the Northeast China’s GRP generated by state-owned enterprises and the construction sector. In the middle term the Financial Crisis an influence on Northeast China’s state-owned enterprises will be weak, because the output of the sector is intended for the domestic market.

Keywords: economic growth; GRP; sectoral structure; investment in fixed assets; foreign trade; per capita income; consumer price index; stimulus package; Northeast China; Liaoning; Jilin; Heilongjiang (search for similar items in EconPapers)
Date: 2010
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