China and the Global Crisis

Abstract

Based on the case of China, the article addresses the challenges posed by the current global crisis for national economies including Russia. In this context, the author analyzes the anti-crisis measures and factors, the evolution of Chinas socio-economic strategy and modernization of the real and financial sectors of the Chinese economy. The article also focuses on retrospective comparative assessment of economic dynamics, periodization, growth rates and future growth prospects of Chinas GDP. The final general conclusions are significant and relevant for China as well as for other economies in transition, catch-up and growing market economies including Russia.