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The Global Economic Crisis: A Golden Opportunity for China

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Asie Visions
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Asie.Visions 15, juin 2009
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China did not prove to be crisis-proof in contrast to what the supporters of the decoupling hypothesis loved to claim. The paper will analyse the impacts of the crisis and the Chinese responses to the crisis.

A key issue is whether the current turbulence will give rise to a new model of development in China and usher in a new era for the Chinese economy as well as for the whole of East Asia and even, perhaps, for the rest of the world.

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The Global Economic Crisis: A Golden Opportunity for China

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Author(s)
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Françoise NICOLAS

Intitulé du poste

Senior Advisor, Center for Asian Studies, Ifri

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Center for Asian Studies
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Asia is a nerve center for multiple global economic, political and security challenges. The Center for Asian Studies provides documented expertise and a platform for discussion on Asian issues to accompany decision makers and explain and contextualize developments in the region for the sake of a larger public dialogue.

The Center's research is organized along two major axes: relations between Asia's major powers and the rest of the world; and internal economic and social dynamics of Asian countries. The Center's research focuses primarily on China, Japan, India, Taiwan and the Indo-Pacific, but also covers Southeast Asia, the Korean peninsula and the Pacific Islands. 

The Centre for Asian Studies maintains close institutional links with counterpart research institutes in Europe and Asia, and its researchers regularly carry out fieldwork in the region.

The Center organizes closed-door roundtables, expert-level seminars and a number of public events, including an Annual Conference, that welcome experts from Asia, Europe and the United States. The work of Center’s researchers, as well as that of their partners, is regularly published in the Center’s electronic journal Asie.Visions.

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Afghanistan-Pakistan: The Overlooked War at the Margins of the Middle East Conflict

Date de publication
31 March 2026
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Pakistan has historically maintained the closest ties to the Taliban movement and initially viewed its return to power in Afghanistan in the summer of 2021 with considerable optimism. The bilateral relationship has since deteriorated, and the two neighbors have been caught in a cycle of escalation since last fall. In October 2025, Pakistan launched its first airstrikes on Kabul. For three weeks in February–March 2026, Afghanistan intensified ground assaults on the Pakistani side of the border as well as drone attacks on Islamabad and Rawalpindi. Pakistan, for its part, has intensified airstrikes on Afghan border areas, as well as on Kabul and Kandahar. Given the dynamics at play at the bilateral and regional levels, the prospects for a sustained return to stability appear limited.

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European Union-India: Lasting Rapprochement or Partnership of Convenience?

Date de publication
26 February 2026
Accroche

The partnership between the European Union (EU) and India has long been limited to economic exchanges. Its political dimension has gradually developed, culminating in its elevation to the status of a “strategic partnership” in 2004. However, the failure of negotiations for a free-trade agreement in 2013 slowed this momentum. Since the early 2020s, in an uncertain geopolitical context, bilateral rapprochement has gained new momentum.

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Japan’s Takaichi Landslide: A New Face of Power

Date de publication
11 February 2026
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Prime Minister Sanae Takaichi has turned her exceptional popularity into a historic political victory. The snap elections of February 8 delivered an overwhelming majority for the Liberal Democratic Party (LDP), driven by strong support from young voters, drawn to her iconoclastic and dynamic image, and from conservative voters reassured by her vision of national assertiveness. This popularity lays the foundation for an ambitious strategy on both the domestic and international fronts.

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The U.S. Policy Toward Taiwan Beyond Donald Trump: Mapping the American Stakeholders of U.S.-Taiwan Relations

Date de publication
17 February 2026
Accroche

Donald Trump’s return to the White House reintroduced acute uncertainty into the security commitment of the United States (U.S.) to Taiwan. Unlike President Joe Biden, who repeatedly stated the determination to defend Taiwan, President Trump refrains from commenting on the hypothetical U.S. response in the context of a cross-Strait crisis.

Marc JULIENNE Peter CHU

How can this study be cited?

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Françoise NICOLAS, « The Global Economic Crisis: A Golden Opportunity for China », Papers, Asie Visions, Ifri, 2 July 2009.
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The Global Economic Crisis: A Golden Opportunity for China