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2009•Journal of Nanjing University of Posts and TelecommunicationsRequires access

The Influence of Global Financial Crisis on China Economy

Gao Bin

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Abstract

The 2008 global financial crisis,which broke out on a large scale and has exerted great influence,is now turning to the entity economy crisis.Along with a large number of negative effects,the financial crisis also provides an opportunity for China industrial restructuring,industrial upgrade and national economy modernization.Industrial upgrade is not simply to eliminate labor-intensive industry but reform it with technology and knowledge,promoting emerging industry to form a certain scale with the new technological revolution.

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What this paper is about

The 2008 global financial crisis,which broke out on a large scale and has exerted great influence,is now turning to the entity economy crisis.Along with a large number of negative effects,the financial crisis also provides an opportunity for China industrial restructuring,industrial upgrade and national economy modernization.Industrial upgrade is not simply to eliminate labor-intensive industry but reform it with technology and knowledge,promoting emerging industry to form a certain scale with the new technological revolution.

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Available abstract

The 2008 global financial crisis,which broke out on a large scale and has exerted great influence,is now turning to the entity economy crisis.Along with a large number of negative effects,the financial crisis also provides an opportunity for China industrial restructuring,industrial upgrade and national economy modernization.Industrial upgrade is not simply to eliminate labor-intensive industry but reform it with technology and knowledge,promoting emerging industry to form a certain scale with the new technological revolution.

Key concepts: Restructuring, China, Financial crisis, Modernization theory, Upgrade, Scale (ratio), Business, Industrial Revolution

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