UN Expert: China makes important contribution to world economic recovery

Xinhua United Nations December 21 interview: China to the World economic recovery made an important contribution-visit the United Nations economic experts Hong ordinary Xinhua News agency Zhenqiu, Jiang Baijie, Director of the United Nations global Economic Monitoring Hong Pingfan This 21st in an interview with Xinhua news agency reporter said,　　China's economy in 2009 withstood the impact of the international financial crisis and made important contributions to the gradual recovery of the world economy.　　"2009 will be a very special year in the Annals of the world economy, and the performance of China's economy in this year will become a prominent chapter," Hong Ordinary said. The international financial crisis triggered by the US housing bubble broke out in mid-September 2008 and has had a severe impact on the world's real economy in 2009 years.　　But in the world, the international financial crisis has not caused another global "Great Depression". Hong Pingfan said that in such a special year in 2009, China has made an important contribution to the world economy in coping with the financial crisis.　　In the second half of 2008 and in the first half of 2009, almost all developed economies and no fewer than 40 developing economies with a certain size had a two-quarter decline in gross domestic product, which plunged into recession, but the Chinese economy remained relatively fast growing. He said that the international financial crisis did bring unprecedented difficulties and challenges to China's economic development, which is mainly reflected in the sharp decline in exports. But the government's timely and decisive policy measures to boost domestic demand partly offset the negative impact of a sharp decline in exports.　　Driven by these policy measures, China's economy began to accelerate gradually after the first quarter of 2009. He said: "China's first step out of the economic downturn on the global economic recovery is very significant." "From time to time, global industrial output and trade flows, starting in the second quarter of 2009, began to recover gradually, which is closely related to the Chinese economy out of the trough." And many Asian economies from the second quarter of 2009 began to step out of recession, but also with the Chinese economy out of the trough has a close relationship.　　China's economic recovery has not only led to an increase in aggregate global demand, but also increased confidence among other economies in coping with the financial crisis. Hong Pingfan said that China's series of major measures have also promoted the efforts of the world to strengthen the response to the financial crisis.　　At the end of 2008, the Chinese government launched a series of stimulus measures to expand domestic demand and effectively implemented and perfected these measures in 2009. "It can be said that China's stimulus measures are a strategic turning point of the world to deal with the international financial crisis, it marks the world countries (in response to the financial crisis) from the main monetary policy to fiscal policy and monetary policy ambidextrous, from the focus on stabilizing the financial market to curb the real economy of the recession,　　Shift from passive policy responses to positive policy expectations, "he said. Hong Ordinary thought, before this, some countries in the United States and Europe have underestimated the depth and breadth of the financial crisis, the policy measures adopted are mostly insufficient, and obviously lag behind the crisisExtension。 China's first large-scale stimulus plan, combining aggressive fiscal policy with moderately loose monetary policy.　　Subsequently, many countries have also introduced fiscal stimulus measures.　　"China's first large-scale policy of stimulating domestic demand has not only made the Chinese economy the first to get out of the trough, but also played a positive role in pushing the world to strengthen its policies and lay the foundation for the recovery of the world economy," he said.　　In addition, Hong Ordinary thought, China also actively participate in international policy coordination, in promoting the international community to work together to deal with the financial crisis and reform the international financial system played an important role. "In addition to taking the lead in implementing the stimulus package to boost consumption and expand domestic demand, China has also actively encouraged countries to adopt effective macroeconomic policies, maintain a fair and free and open global trade and investment system, and strive to maintain the free flow of goods, investment and services."　　China also actively promotes the reform of the international financial system and exaggerates that reform should be oriented towards fairness, impartiality, inclusiveness and order, exaggerating the representation and voice of the developing countries in the international financial institutions, and perfecting the decision-making procedures and mechanisms of the international financial institutions, "he said.　　As a result of the active efforts of China and other emerging economies, the 20-nation group, with the participation of the major developed economies and major emerging economies, has gradually replaced the Siffong group, which has only the major developed economies, as the main international platform for coordinating world economic and financial policies. Hong Ordinary also said that looking ahead to the 2010, although the Chinese economy still faces many difficulties and challenges, but he believes that as the Chinese economy continues to maintain stable and rapid growth, China will also contribute to the further recovery of the world economy.