China: Anti-Crisis Potential of the Economy and its Impact on the Social Sphere

The article deals with some aspects of the global financial crisis on China's economic and social development. It describes the main indicators of the economy before and after the crisis. Also, analysis of the main sectors that experienced the greatest impact of the global financial crisis. Ide...

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Main Authors: Marina M. Krekova, Vitaly A. Tupchienko, Yulia S. Lisichkina, Aida O. Zhagparova, Vladimir S. Novikov, Elena R. Kramarenko
Format: Article
Language:English
Published: EconJournals 2016-03-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/31979/352594?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Marina M. Krekova
Vitaly A. Tupchienko
Yulia S. Lisichkina
Aida O. Zhagparova
Vladimir S. Novikov
Elena R. Kramarenko
author_facet Marina M. Krekova
Vitaly A. Tupchienko
Yulia S. Lisichkina
Aida O. Zhagparova
Vladimir S. Novikov
Elena R. Kramarenko
author_sort Marina M. Krekova
collection DOAJ
description The article deals with some aspects of the global financial crisis on China's economic and social development. It describes the main indicators of the economy before and after the crisis. Also, analysis of the main sectors that experienced the greatest impact of the global financial crisis. Identified and grouped measures of anti-crisis development of the PRC, which contribute to overcoming the consequences of the crisis as soon as possible. The financial crisis is strong enough impact on the socio-economic development of the PRC. This affected the decrease in real income of the population and led to curb economic growth. Also, the well-being of the population decreased significantly, due to the reduced capacity of the current consumption, investment and the creation of savings of the population, impairment of financial capital and devaluation of the dollar.
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spelling doaj.art-095530a1a4ec4bf6b8c737ec0e97a3fe2023-02-15T16:18:47ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-03-01613123171032China: Anti-Crisis Potential of the Economy and its Impact on the Social SphereMarina M. KrekovaVitaly A. TupchienkoYulia S. LisichkinaAida O. ZhagparovaVladimir S. NovikovElena R. KramarenkoThe article deals with some aspects of the global financial crisis on China's economic and social development. It describes the main indicators of the economy before and after the crisis. Also, analysis of the main sectors that experienced the greatest impact of the global financial crisis. Identified and grouped measures of anti-crisis development of the PRC, which contribute to overcoming the consequences of the crisis as soon as possible. The financial crisis is strong enough impact on the socio-economic development of the PRC. This affected the decrease in real income of the population and led to curb economic growth. Also, the well-being of the population decreased significantly, due to the reduced capacity of the current consumption, investment and the creation of savings of the population, impairment of financial capital and devaluation of the dollar.https://dergipark.org.tr/tr/pub/ijefi/issue/31979/352594?publisher=http-www-cag-edu-tr-ilhan-ozturksocio-economic development world financial crisis socio-economic implications social sphere anti-crisis
spellingShingle Marina M. Krekova
Vitaly A. Tupchienko
Yulia S. Lisichkina
Aida O. Zhagparova
Vladimir S. Novikov
Elena R. Kramarenko
China: Anti-Crisis Potential of the Economy and its Impact on the Social Sphere
International Journal of Economics and Financial Issues
socio-economic development
world financial crisis
socio-economic implications
social sphere
anti-crisis
title China: Anti-Crisis Potential of the Economy and its Impact on the Social Sphere
title_full China: Anti-Crisis Potential of the Economy and its Impact on the Social Sphere
title_fullStr China: Anti-Crisis Potential of the Economy and its Impact on the Social Sphere
title_full_unstemmed China: Anti-Crisis Potential of the Economy and its Impact on the Social Sphere
title_short China: Anti-Crisis Potential of the Economy and its Impact on the Social Sphere
title_sort china anti crisis potential of the economy and its impact on the social sphere
topic socio-economic development
world financial crisis
socio-economic implications
social sphere
anti-crisis
url https://dergipark.org.tr/tr/pub/ijefi/issue/31979/352594?publisher=http-www-cag-edu-tr-ilhan-ozturk
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