edited by Yongnian Zheng (East Asian Institute, National University of Singapore, Singapore) & Sarah Y Tong (East Asian Institute, National University of Singapore, Singapore)

Table of Contents (34k)
Chapter 1: Introduction (59k)

The current global financial turmoil, triggered by the US subprime crisis, has spread quickly and resulted in the worst global economic crisis since the 1930s. As the world's third largest economy and the second largest trading nation, China is inevitably affected seriously. How China responds to the crisis and how effective its measures are in sustaining a healthy growth will have important implications, both domestically and internationally.

The chapters in this volume are divided into five sections. Section one examines the overall impact of the global economic crisis and the responses of the Chinese government. Section two studies the regional aspect of the economy affected by the crisis. Section three explores such economies of the Mainland's southern neighbors as Hong Kong, Macao and Taiwan, and the prospect of China's trade. Section four surveys the impact on the ideological and social aspects of the country. Section five concludes with an assessment of China's external policies. The volume offers a comprehensive and in-depth assessment of the impact of the crisis and the measures of the Chinese government to overcome the difficulties.

• China's Economy 2008 and Outlook for 2009: Crisis of a Sharp Slowdown (J Wong)
• Recession Averted? China's Domestic Response to the Global Financial Crisis (M Yang & T S Lim)
• China's Decisive Response to the Economic Crisis Bears Fruits (S Y Tong)
• Pearl River Delta in a Crisis of Industrialization (Y-J Huang & S F Chen)
• Impact of the Global Economic Crisis on the Pearl River Delta and Yangtze River Delta Regions (H Yu)
• Taiwan's Economy in the Financial Crisis and Its Outlook (H Zhao)
• Hong Kong's Economy on the Road to Recovery? (Y Zhang)
• Financial Crisis Offers Respite for the Macao Economy (Y Zhang & F Kwan)
• China's Trade Prospects and China-ASEAN Trade Relations (S Y Tong & S K Chong)
• Sino-South Korean Bilateral Trade in the Current Economic Crisis (S-Q Zhou)
• Ascendence of China's New Left Amidst the Global Financial Crisis (Z-Y Bo & G Chen)
• Will Social Stability in China be Undermined in the Financial Crisis? (L-T Zhao & Y-J Huang)
• The International Financial Crisis and China's External Response (Y-N Zheng & L F Lye)