Beijingâs industrial structure is service-oriented with a high degree of economic openness, and GDP has maintained rapid growth. This paper analyzes the international financial crisis and the impact of Chinaâs anti-crisis policies on Beijingâs economic development as well as its transmission mechanism. Impact Index (excluding seasonal factors) and ARMA Model are employed in the empirical study which involves the crisis affection on output and stability of Beijingâs top ten industries. Such conclusions are revealed: Beijingâs GDP losses more than 10% compared with its potential value the growth rates of over 70% industries are decreasing in Beijing shocks in financial and real estate are intensified. In the anti-crisis process, manufacturing, real estate, scientific research, technical services, geological prospecting, transportation, storage and postal industry have gained significant growing opportunities. JEL Classification: G01, L80
Tu, Y. , Yu, N. and Dai, W. (2022). How International Financial Crisis Affects Industries in Beijing, Capital City of China. International Economics Studies, 36(1), 57-64. doi: 10.22108/ies.2022.15527
MLA
Tu, Y. , , Yu, N. , and Dai, W. . "How International Financial Crisis Affects Industries in Beijing, Capital City of China", International Economics Studies, 36, 1, 2022, 57-64. doi: 10.22108/ies.2022.15527
HARVARD
Tu, Y., Yu, N., Dai, W. (2022). 'How International Financial Crisis Affects Industries in Beijing, Capital City of China', International Economics Studies, 36(1), pp. 57-64. doi: 10.22108/ies.2022.15527
CHICAGO
Y. Tu , N. Yu and W. Dai, "How International Financial Crisis Affects Industries in Beijing, Capital City of China," International Economics Studies, 36 1 (2022): 57-64, doi: 10.22108/ies.2022.15527
VANCOUVER
Tu, Y., Yu, N., Dai, W. How International Financial Crisis Affects Industries in Beijing, Capital City of China. International Economics Studies, 2022; 36(1): 57-64. doi: 10.22108/ies.2022.15527
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