Management Review

›› 2012, Vol. 24 ›› Issue (3): 3-7.

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How and to What Extent does the International Financial Crisis Affect China’s GDP?

Wang Huijuan1,2,3, Chen Xikang1,2,3 and Yang Cuihong1,2,3   

  1. (1.Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190;2.Key Laboratory of Management, Decision-making and Information Systems, Beijing 100190;3.Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190)
  • Received:2012-09-26 Revised:2012-09-26 Online:2012-03-25 Published:2012-09-27

Abstract: This paper uses an input-output model of the non-competitive imports type capturing China’s processing exports to calculate the impact of international financial crisis on China’s GDP from the point of export and investment, which are most directly affected by the international financial crisis. The results show that: negative impact of the financial crisis on China’s economy is gradually intensified; in terms of industry the impact is mainly on several key industries. The negative impacts, however, are greatly lessened due to China’s timely implemented macro-control policies.