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The Chinese Economy After the Global Crisis

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Recession and Its Aftermath

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Abstract

Since 2008, the global economy has been experiencing the deepest downturn in the post-World War II period, as the financial crisis rapidly spreads around the world. A large number of advanced economies have fallen into recession, and economies in the rest of the world have slowed abruptly. Global trade and financial flows are shrinking, while output and employment losses mount. Credit markets remain frozen as borrowers are engaged in a drawn-out deleveraging process and banks struggle to improve their financial health.

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Authors and Affiliations

  1. Business School, Hunan International Economics University, Hunan, China

    Liang-Xin Li

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  1. Liang-Xin Li
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Correspondence to Liang-Xin Li .

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  1. , Economics, BB Ambedkar University, Rbly Road, Lucknow, 226025, Uttar Pradesh, India

    NMP Verma

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Li, LX. (2013). The Chinese Economy After the Global Crisis. In: Verma, N. (eds) Recession and Its Aftermath. Springer, India. https://doi.org/10.1007/978-81-322-0532-6_5

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