DocumentCode
537116
Title
Chinese Consumption Structure: Impacts of the Global Financial Crisis and Contem Measures to Take
Author
Chen Li Xin ; Xu hai
Author_Institution
Finance Dept., Liaoning Tech. Univ., Huludao, China
fYear
2010
fDate
7-9 Nov. 2010
Firstpage
1
Lastpage
5
Abstract
The global financial crisis sprang from the Wall street have swept all the world, the financial markets and real economies in developed countries are badly affected. As the world\´s third largest economy, china can not sit idly. Affected by the crisis, in 2008 China\´s economic growth began to decline from the peak and declined quarter by quarter, the annual growth rate was 8% of the troika that promtes economic growth, exports have declined as the overall demand of USA hampered, and the long period of high investment that have no room to grow, only the relative shortage of domestic demand have the room for improvement. The Chinese government has recognized the importance of the domestic demand for the economic development, and rapidly adjust the macroeconomic policy, from the "double anti-"to maintain growth, expand domestic demand, adjust the structure, and introduced a 4 trillion supporting economic stimulus plan and the "Top Ten Industry Promotion Plan". In the context of the financial crisis, what will the chinese consumption structure change ?and what can we do to make the government\´s economic stimulus policy really improve the country`s consumption structure, and thus to promote the ecnomic development ? these issues become particularly important.
Keywords
government policies; macroeconomics; public finance; China; Contem measures; economic growth; economic stimulus; financial crisis; financial market; macroeconomic policy; Economic indicators; Education; Marketing and sales; Medical services; Security; Time measurement;
fLanguage
English
Publisher
ieee
Conference_Titel
E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on
Conference_Location
Henan
Print_ISBN
978-1-4244-7159-1
Type
conf
DOI
10.1109/ICEEE.2010.5661022
Filename
5661022
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