Subject category:
Finance, Accounting and Control
Published by:
IBS Case Development Center
Length: 15 pages
Data source: Published sources
Topics:
China; National Bureau of Statistics; State Development and Reform Commission; Blind investments; Broad money (M2); Industrial and Commercial Bank of China; Bank of China; China Construction Bank; Agricultural Bank of China; GD Midea Holding Co; KPMG; China Bank Regulatory Commission (CBRC); General Motors; Volkswagen; Toyota
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https://casecent.re/p/19422
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Abstract
The last two decades of the 20th century witnessed rapid economic growth in China with the growth reaching 9.1% in 2003. However, the growth was widely opined to be unbalanced on account of the majority of investments being in a few key sectors. It was apprehended that such huge investments in a few key industries coupled with reckless lending by the major commercial banks might lead to an inflationary situation in the country. The case highlights the factors that led to the overheating of some sectors of the Chinese economy, the blind investments by the Chinese banks and the steps taken by the Chinese government to usher in a balanced and sustainable economic growth of the nation.
Location:
Other setting(s):
2004
About
Abstract
The last two decades of the 20th century witnessed rapid economic growth in China with the growth reaching 9.1% in 2003. However, the growth was widely opined to be unbalanced on account of the majority of investments being in a few key sectors. It was apprehended that such huge investments in a few key industries coupled with reckless lending by the major commercial banks might lead to an inflationary situation in the country. The case highlights the factors that led to the overheating of some sectors of the Chinese economy, the blind investments by the Chinese banks and the steps taken by the Chinese government to usher in a balanced and sustainable economic growth of the nation.
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Location:
Other setting(s):
2004