Research On The Chinese Economic Growth Path In The Environment Of Financial Crisis

Financial crisis in Asia lead the economic austerity of China in1997, while it is the symbol of Chinese economic operation status moved from shortage of economy to excess economy. Since then Chinese economy runs in a totally new environment, which is characterized with the highly reliable on external environment.2007, the sub-prime crisis in US, brought new challenge to the sable of Chinese economic operation. To cope with the impact of global financial crisis, the Chinese government has adopted a series of measures, while these could just ease in the short-time, but no use on the change of China's economic growth path, which depends on the economic environment and the basic structure of economy.Since the reform and opening up, the economy of China has develop rapidly, average GDP reached 9.88% level, far higher than average economic growth rate 3.3% of the world.2008, China's economic growth had ranked to the top 3 in the world. Two stage experienced in the 30 year's time- take-off and the rapid growth. According to H.Chenery when the average gdp per capital reached 2000 dollars, not only the economic growth but also the economic structure will speed up. Then if this kind of speed up will happened in the future of China, or follows the growth path like in the Japan,becomes the question to us. In-this paper, first we tried to make the comparison between China, Japan, Korea, and Taiwan, then combined with the facts of environment and structures inside, to find out the growth tendency.