| ID | 143439 |
| Title Proper | Assessing the impact of the Chinese stimulus package at home and abroad |
| Other Title Information | a damp squib? |
| Language | ENG |
| Author | Burdekin, Richard C K ; Weidenmier, Marc D |
| Summary / Abstract (Note) | The November 2008 Chinese stimulus package seemed to provide almost ideal preconditions for governmental success based upon its size, its concentration on infrastructure, accompanying fiscal expansion at the local level, and supportive expansions in bank lending rates. Our sectoral-level analysis suggests that investor reactions were quite tightly focused, however, with Shanghai market outperformance concentrated primarily in the nation's property, construction, and building materials sectors. Further significant post-stimulus gains accrued to the specifically targeted automobile, steel and textile industries. Meanwhile, Chinese company listings in Hong Kong and New York evinced little sectoral outperformance. |
| `In' analytical Note | China Economic Review Vol. 34; Apr 2015: p.137–162 |
| Journal Source | China Economic Review 2015-04 33 |
| Key Words | Hong Kong ; Shanghai ; New York ; Chinese Stimulus Package ; Stock Market Reactions |