Author(s): ZHENG Shu-guang, XU Meng
Pages: 105-113
Year: 2016 Issue:  6
Journal: Journal of Ningbo University(Liberal Arts Edition)
Keyword:  regional financial crisis; triggers; industrial policy;
Abstract: In 2011, the regional private financial crisis, which was represented by Wenzhou, Zhejiang, was a twofold crisis for both industries and finance. It not only revealed the inadequacies of our nation’s financial organization and financial system, but also reflected the profound problems in the deviation of our nation’s industrial policy. The coupling effect of a few deviated industrial policies became the trigger of the regional financial crisis. In order to prevent the recurrence of similar regional financial crisis, we should start from correcting the deviated industrial policies, and work in various aspects, to build a set of industrial policy system that would support and promote industrial development.