The global financial crisis and China's domestic and international political options

Jean-Pierre CABESTAN*

*Corresponding author for this work

Research output: Chapter in book/report/conference proceedingChapterpeer-review

2 Citations (Scopus)


It was only in the third quarter of 2008, after the Beijing Olympics, that China started to feel the impact of the global financial crisis, one year after the first negative signals appeared in the American economy. Then, the world recession directly hit China and in particular its exports, forcing it to adapt, review some of its policies and launch a huge stimulus package. But the world financial crisis has also provided China with a window of opportunity to consolidate its own domestic polity and development path – a path that some observers have called the “Beijing consensus” (Ramo 2004) – as well as its international quest for power and influence.
Original languageEnglish
Title of host publicationChina and the Global Financial Crisis
Subtitle of host publicationA comparison with Europe
EditorsJean-Pierre Cabestan, Jean-François Di Meglio, Xavier Richet
Place of PublicationLondon
Number of pages20
ISBN (Electronic)9780203115626
ISBN (Print)9781138815568, 9780415675147
Publication statusPublished - 5 Jul 2012

Publication series

NameRoutledge Studies on the Chinese Economy

Scopus Subject Areas

  • Social Sciences(all)


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