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  2. Chinese economic stimulus program - Wikipedia

    en.wikipedia.org/wiki/Chinese_economic_stimulus...

    The 2008–09 Chinese economic stimulus plan (simplified Chinese: 扩大内需十项措施; traditional Chinese: 擴大內需十項措施; pinyin: Kuòdà Nèixū Shíxiàng Cuòshī) was a RMB¥ 4 trillion (US$586 billion) stimulus package aiming to minimize the impact of the Great Recession on the economy of China. [2][3] It was announced by ...

  3. Economic history of China (1949–present) - Wikipedia

    en.wikipedia.org/wiki/Economic_history_of_China...

    The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history. [1]: 11.

  4. Great Recession - Wikipedia

    en.wikipedia.org/wiki/Great_Recession

    The Great Recession was a period of market decline in economies around the world that occurred in 2007 to 2009. The scale and timing of the recession varied from country to country (see map). [1][2] At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression.

  5. Economy of China - Wikipedia

    en.wikipedia.org/wiki/Economy_of_China

    China faced a mild economic slowdown during the 2007–2008 financial crisis and initiated a massive stimulus package, which helped to regain its economic growth. More recently, the imposition of the "3 Red Lines" on developer borrowing has sparked a real estate crisis and has raised questions on the accuracy of China's claims for the severity ...

  6. 2007–2008 financial crisis - Wikipedia

    en.wikipedia.org/wiki/2007–2008_financial_crisis

    The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [ 1 ] excessive risk-taking by global financial institutions, [ 2 ] a continuous buildup of toxic assets within ...

  7. China's stock markets are partying like it's 2008 ... - AOL

    www.aol.com/news/chinas-stock-markets-partying...

    China's economy has struggled to sustain its growth momentum since the pandemic ended. It is battling multiple challenges, including an epic property crisis, high youth unemployment, and deflation.

  8. Fault Lines: How Hidden Fractures Still Threaten the World ...

    en.wikipedia.org/wiki/Fault_Lines:_How_Hidden...

    Rajan’s analysis of the roots of the 2008 financial crisis focuses on three fundamental stresses: widening income inequality in the US, trade imbalances in the global economy arising out of historical trajectories followed by late-developing countries, and the clash between arm’s length financial systems, as present in the US and Britain, and relationship-based financial systems, as ...

  9. George W. Bush uttered 'the 10 most important words in the ...

    www.aol.com/finance/george-w-bush-uttered-10...

    At the height of the 2008 financial crisis, Bush said: “If money isn’t loosened up, this sucker could go down!” Don't miss Commercial real estate has beaten the stock market for 25 years ...