A defining moment? China's social policy response to the financial crisis

Arjan de Haan
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Arjan de Haan: Institute of Social Studies, The Hague, The Netherlands, Postal: Institute of Social Studies, The Hague, The Netherlands

Journal of International Development, 2010, vol. 22, issue 6, 758-771

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.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:22:y:2010:i:6:p:758-771

DOI: 10.1002/jid.1726

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