Abstract
To deal with the international financial crisis, the central government has decisively taken a series of measures, which have achieved initial success. With central-budgeted investment playing an important role in driving bank loans, social investment and resident consumption, the continued decline of economic growth since the second half of 2008 has essentially been arrested.
This article originally appeared in People’s Daily, June 15, 2009.
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© 2018 The Commercial Press, Ltd. and Springer Nature Singapore Pte Ltd.
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Zheng, X. (2018). Transforming the Development Pattern Is the Fundamental Approach for Dealing with the Crisis. In: China’s 40 Years of Economic Reform and Development. Springer, Singapore. https://doi.org/10.1007/978-981-13-2727-8_14
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DOI: https://doi.org/10.1007/978-981-13-2727-8_14
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Online ISBN: 978-981-13-2727-8
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