By Jing Luo

Get an insightful, professional examine the internal workings of China's enterprise international, highlighting the country's makes an attempt to advance the medical and technological base for a greener monetary model.

• Charts and tables give you the most modern information on China's economic system from various authoritative sources

• presents an inventory of on-line assets for extra exploration of China and its economy

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Extra info for Business and Technology in China (Understanding China Today)

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44 The world is keeping a critical eye on whether China will be able to live up to these promises. In a sense, the test has been served: will China be able to survive the global financial crisis of 2008–2009 and come out a stronger economy? There is evidence that it will. Chapter 2 Handling the Global Financial Crisis The devastation of the 2008–2009 global financial crisis on China’s economy is yet to be assessed. One could say with certainty, however, that the crisis has generated a broader and deeper devastation than the 1997–1998 Asian Financial Crisis.

Chapter 2 Handling the Global Financial Crisis The devastation of the 2008–2009 global financial crisis on China’s economy is yet to be assessed. One could say with certainty, however, that the crisis has generated a broader and deeper devastation than the 1997–1998 Asian Financial Crisis. During the latter crisis, the Chinese government defended the economy by pegging the yuan to the dollar and simply safeguarding the renminbi valuation with force. This time, however, the government has to do more by setting up a stimulus package of 4 trillion RMB or US$586 billion.

Urban Resident Basic Medical Insurance (URBMI), established in 2007, covers the urban population not covered by the UEBMI scheme, such as children and students. It consists of a pooled fund for inpatient stays and does not cover outpatient visits, except in wealthy regions. Various government bodies and participants finance URBMI, with total contributions per participant standing somewhere between UEBMI and NRCMI levels. Benefits are limited, and significant copayments are required. 30 Two health care reform documents released in April of 2009 announced further details.

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