China's response to crisis highlights five advantages

Experts and scholars are optimistic about the impact of China's crisis as soon as possible to implement macro-control measures to consolidate the initial results to promote a steady economic recovery with the global economy continues to decline and decline, the international financial crisis on China's real economy is increasingly profound, our economy is facing the grim situation of increasing downward pressure.　　In our interview, many government officials, economic research experts and scholars have said that from the current economic situation in China, our country has earlier to get out of the impact of the international financial crisis five major advantages.　　Macro-control timely and powerful many economists in the interview, said that China's economic areas of macro-control measures, means in recent years increasingly perfect, more scientific, more pragmatic, but also more flexible. "Our government announced a record increase in commercial bank credit over the past few months after announcing an increase of 4 trillion yuan to stimulate the economy in the four quarter," said Chen Deming, the Commerce minister. China's real economy has seen a downward trend since March. "These macroeconomic policies are flexible, timely, targeted and operational, effectively easing the downward pressure on the economy," he said. "One of the most important conditions for our country to overcome the present difficulties is the increasing wealth of macro-control experience accumulated since the reform and opening-up," Wang Tongsan, director of the Institute of Academician and Quantitative economics and technology, China Academy of Social Sciences. From this round of crisis, we can see that our government's macro-control capacity and response measures not only timely, but also strong.　　Xu, deputy director of the National Bureau of Statistics, said that the current need to further implement the central government to respond to the international financial crisis to take a series of macro-control measures to further consolidate the initial results of economic operation to achieve a stable economic recovery. The overall soundness of the financial and financial system the economy of our country basically takes the physical economy as the main body, the fictitious economy development is still in the initial stage, especially our country has not excessively developed the financial derivative product, also very few buys the world financial derivative product. At the same time, China has the largest number of foreign exchange reserves, when the international financial crisis caused by the collapse of virtual economy suddenly or again broke out, China's financial and financial situation overall stable sword Wang Tongsan that our national saving rate is higher, foreign exchange reserves are more abundant, the financial system is very healthy, and the ability to resist external shocks is strong.　　, which is an advantage we have.　　Chen Wenling, Director of Research Department of the State Council, said that China only implemented the capital opening under the current project, the capital is not open, although there are foreign capital or international hot money through various channels into our capital market, but the overall view is controllable, a small number. Experts say it is important to establish a "firewall" of sound financial security, to maintain the controllability of risk, and to set up financial security supervision, which will enable us to build a healthy and stable financial system and strengthen our ability to withstand risks. The main problem facing our country is to study and solve the problems in the real economy, and it is much less difficult to solve the problems of the real economy than to solve the problem of the virtual economy bubble burst. In the important period of development opportunity Wang Tongsan that our departmentIn the important development opportunity period, the industrialization, the urbanization rapid development, the labor force resources are abundant, the quality unceasingly enhances, the economic development potential and the manoeuvre space is bigger. The rapid advancement of industrialization and urbanization is a period of great demand and potential for growth.　　Chen Wenling pointed out that China is still in the process of speeding up urbanization, industrialization and modernization, which is and will continue to produce huge demand for development, China has established a good base of material storage industry and science and technology base storage system and institutional basis, the overall advantages of economic development has not changed. Wang Yida, deputy director of the General Department of Finance, said that China is in the phase of rapid industrialization and urbanization, the domestic market is vast, investment and consumption potential is huge, even if international demand is shrinking, there is still room for greater domestic demand. China's economic growth is very much in the city, the modern city economy gradually drive the traditional rural economic development, will become education, science and technology, talent, capital accumulation and the new impetus of resource allocation.　　World history shows that the fastest development period of a country is in the period of urbanization and industrialization parallel, the world economic power is to seize this period of growth and expansion, China is certainly not exceptional. Huge domestic market demand China has a vast market of 1.3 billion people, in the case of shrinking international demand, pry into domestic demand, so that some substitution of domestic needs or most of the replacement of international demand, to form a relatively complete internal circulation market, can effectively avoid the impact of trade protectionism on our economy.　　Beijing Commerce Committee director Lu Yan stressed that through the international and domestic two markets, and gradually to the domestic market, is in the context of the financial crisis, as far as possible to avoid international trade friction, "the heart pill." Huge domestic market demand, can offset the impact of the decline in external demand, so that China's economic first out of the haze, and in the long run, will realize the gradual transformation of China's economic power and substitution, to form a more direct and sustained economic power. Last November's "home appliances to the countryside" and this year the State Council "old for new" policy has greatly expanded the rural demand, the rural potential of huge consumption needs into the real purchasing power.　　China's domestic market is broad, economic development has a strong internal vitality, and rural demand is to expand domestic demand, can provide strong support for China's increasingly powerful productive forces to provide a lasting impetus to the national economy. Continuous improvement of the market economic system Chairman of the CIRC, Dingfu said that the market mechanism is perfect, the use of economic levers can greatly reduce the government's management costs and management pressure.　　Wang Tongsan that with the continuous improvement of the socialist market economy system, our institutional environment is getting better, the basic role of market allocation resources is further enhanced, the ability of enterprises to respond to market changes has been gradually enhanced, in the international competition has a certain advantage, the share of world trade has been rising. The reform and opening-up makes the enterprise get rid of the position of the administrative appendage, become the management subject of independent management, independent decision-making and self-development, at present our country has formed a kind of economic self-growth mechanism and formed the competitive market subject. Known as "international financial"The Chinese system is more conducive to resisting the effects of the international financial crisis, and China is expected to be freed more quickly from the global crisis and will be stronger," Soros said. (Li Lili Jiao Yonggang)