This report, produced by a task force under the aegis of the Chinese Academy of Social Sciences (CASS) and CIGI, assesses the impact of the global financial crisis on China. The report suggests that China has been perceived as relatively well insulated from the crisis, but along with other trade dependent countries outside the Organisation for Economic Co-operation and Development (OECD) its integration into the global economy means exposure to the negative effects of the economic downturn.

As the global economic crisis and nascent recovery continue to unfold, it is important not to lose sight of the environment amid fiscal stimulus efforts and economic reorientation. Economic prosperity cannot be pursued at the expense of environmental sustainability. Long-term economic prosperity requires a strong and healthy ecosystem at its base. This publication highlights unique challenges and opportunities for policy makers in the face of the current economic crisis.