How has Chinas economic growth been affected by the current turbulence in the global financial markets?
2008 – Cyclical swings, tight credit, slowing growth. 2009 Clearly, China is not immune to the global financial crisis. The impact of the global financial crisis was felt by China’s exports. We all know that China has become a major platform for manufacturing for the global market. The major slump in global demand starting second half of last year has taken its toll on China’s exports sector. China’s overall GDP growth rate fell to around six per cent from its previous 10 per cent. But the Chinese government’s relatively strong fiscal position allowed it to introduce the stimulus package in order to cope with this impact.
