Skip to main content
Article thumbnail
Location of Repository

China and the crisis : global power, domestic caution and local initiative

By Shaun Breslin


Even though the global crisis had a quick and dramatic impact on Chinese exports, the Chinese government responded with a range of policy responses that have helped maintain high rates of growth. This success has helped propel China to the centre of global politics, accelerating what many perceive to be a power shift from the West to China. But these gains were achieved by reversing policy in previous years designed to make a fundamental shift in China‟s mode of development, and have highlighted the problems associated with making such a transition. At the moment that many are looking at the Chinese "model" as a potential alternative to the Washington Consensus, one of the consequences of the crisis is to further question the long term efficacy of this "model" in China itself

Topics: HC
Publisher: Routledge
Year: 2011
OAI identifier:

Suggested articles


  1. (2006). A Look at China's Readjustment of
  2. (2008). A New Team Faces Unprecedented Economic Challenges.
  3. (2010). American and Chinese Power after the Financial Crisis. doi
  4. (2009). Bad Debts: Assessing China‟s Financial Influence in Great Power Politics. doi
  5. (2008). Beijing Offers Just Quarter of Stimulus Funds.
  6. (2010). Binggou shi jiangjin ruotui erfei guojin mintui (Mergers and Acquisitions are the strong expanding and the weak retreating, not the state expanding and the private retreating).
  7. (2010). Blaming China Exaggerates Her Power. Financial Times,
  8. (2004). Can „Tax-for Fee‟ Reform Reduce Rural Tension in China? The Process, Progress and Limitations. doi
  9. China and the Great Recession of 2007-2009. Washington DC:
  10. (2010). China Extends Help to Tackle Euro Crisis. Financial Times,
  11. (1999). China in 1998: Tacking to Stay the Course. doi
  12. (2010). China is Beginning to Frustrate Foreign Business. The Financial Times,
  13. (2010). China, „Stabilizer‟ of World Economy.
  14. (2008). China's 4 trillion Yuan Stimulus to Boost Economy, Domestic Demand. People’s Daily,
  15. (2010). China's Assertive Behavior, Part One: On „Core Interests‟. China Leadership Monitor (34). 34
  16. (2010). China's Emerging Global Role: Dissatisfied Responsible Great Power. doi
  17. (2010). China's Localities Feel Pinch of Tighter Credit.
  18. (2011). China's Rural Incomes Climb Most Since
  19. (2004). China's Shallow Integration: Networked Production and the New Challenges for Late Industrialization. doi
  20. (2010). China‟s Monetary Response to the Great Recession.
  21. (2009). China‟s Policy Responses to the Global Financial Crisis. Australian Government Productivity Commission Richard Snape Lecture. Available at [Accessed 8
  22. (1999). Chinese Considerations of „Economic Security. doi
  23. (2010). Dealing with a Conflicted China.
  24. (2008). Do Leaders Matter? Chinese Politics, Leadership Transition and the 17 th Party Congress. doi
  25. (2006). Downsizing Administrative Licensing System and Private Sector Development in China: A Preliminary Assessment. Tokyo: Asian Development Bank Institute Discussion Paper (52).
  26. (2010). Export Dependence and Sustainability doi
  27. (2006). Export-led growth: Application to China‟s Provinces, doi
  28. (2004). Fiscal Federalism. In:
  29. (2010). Fitting in the Private Sector,
  30. (2008). Fixing Global Finance: How to Curb Financial Crisis in the 21st Century. New Haven:
  31. (2010). Foreign Companies Chafe at China‟s Restrictions.
  32. (2007). From the Tax-for-Fee Reform to the Abolition of Agricultural Taxes: The Impact on Township Governments in North-West China. The China Quarterly doi
  33. (1999). Further Improving China‟s Financial and Taxation System. World Economy &
  34. (2009). Handling the Global Financial Crisis: Chinese Strategy and Policy Response. SSRN working paper. Available at doi
  35. (2010). Housing Market in China‟s Growth Recovery and House Price Determination.
  36. (2010). How Dependent is the Chinese Economy on Exports and in what Sense has its Growth Been Export-led? doi
  37. (2009). How Much Do Exports Matter for China’s Growth? Hong Kong: Hong Kong Monetary Authority China Economic Issues doi
  38. (2008). How Much of Chinese Exports is Really Made in China? Assessing Domestic Value-Added when Processing Trade is Pervasive. doi
  39. (2010). How Should We Read China‟s „Discourse of Greatness‟? China Media Project available at
  40. (2007). Is China Export-Led?
  41. (1997). Jitters in Beijing.
  42. (2010). Local Government Debt Balloons. Global Times,
  43. (2010). Make no Mistake: In China, State-Run Firms Rule: Despite Years of Private-Sector Growth, China Still Favors a Top-down Approach”, The New York Times, 31 st August.
  44. (2010). New Foreign Policy Actors in China. Stockholm:
  45. (2009). Obama Team Accuses China of Manipulating its Currency.
  46. (2010). Perceptions of an Assertive China.
  47. (2003). Quanqiu Zhengzhi he Zhongguo Waijiao: Tan Xun Xinde Shijiao yu Jieshi (Global Politics and Chinese Diplomacy: Exploring New Viewpoints and Explanations).
  48. (2009). Special Message by H.E. Wen Jiabao. Speech to the World Economic Forum Annual Meeting,
  49. (2010). The End of the Beijing Consensus? Can China's Model of Authoritarian Growth Survive? Foreign Affairs Online, 2 February. Available at accessed 5
  50. (2010). The Great Urban Transformation: Politics of Land and Property in China. Oxford: doi
  51. (2002). The Making of the Post-Tiananmen Intellectual Field: A Critical Overview. In: Zhang Xudong (ed) Whither China: Intellectual Politics in Contemporary China. doi
  52. (1999). The Politics of Chinese Trade and the Asian Financial Crisis: Questioning the Wisdom of Export-led Growth. doi
  53. (2010). The Turning Point in Housing.
  54. (2009). Understanding the Chinese Stimulus Package.
  55. (2009). Wen: Principle of „Common but Differentiated Responsibilities‟ Must Never Be Compromised. Available at [Accessed
  56. (2010). Will China Change the Rules of Global Order? doi
  57. (2008). Would China‟s Sovereign Wealth Fund Be a Menace to the USA? doi

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.