Lessons and implications for the present of Chinese anti-crisis measures in 2015

Abstract

So far this year, unlike other fragile emerging market economies, China has adhered to the fundamentals of developing its domestic economy and pursued an independent and accommodative monetary policy, diverging from the Fed's interest rate hike policy and gradually increasing its spillover impact on the domestic economy, which bears similarities to the context of the turnaround in the domestic economic situation in 2015. Against this background, it is of practical significance to study the causes of and responses to the turnaround in the economic situation in 2015, and to draw valuable lessons. The article will firstly analyse the reasons for the turnaround in the economic situation in 2015, secondly sort out the measures taken to cope with the turnaround in 2015 and their effects, and finally put forward suggestions to deal with the current economic situation.