Economy

by Adrian Ineichen Undoubtedly, China has made impressive economic progress in the last three decades and continues to outperform most economies with an annual growth rate above 8.2% for 2009, even in the current global economic crisis (Xinhua, 2009). But many challenges remain, particularly regarding financial markets, the capital account, and monetary policy. The 2009 […]

by Adrian Ineichen Economic Growth While many major countries have suffered economic contraction or stagnation in 2009, China is expected to grow by about 8.2% in 2009. On the one hand, a massive stimulus package of approximately 4 trillion renminbi (RMB; about US$ 585bn) seems to have supported growth. Fiscal expansion has boosted infrastructure spending […]