Howard: The financial crisis should not rely too much on international institutions

September 7 Morning News, "21st Century Forum" opened in the morning, the former Australian prime Minister Howard said in a speech, the global financial crisis is a background, should be defined as the North Atlantic financial crisis.　　Howard explained that Australia, China and the Asian region have not been hit. "Perhaps because of the Asian financial crisis of more than 10 years ago, the Asian financial system has been repaired and the capacity to respond to the crisis has increased," Mr Howard said.　　"Howard also believes that the Asian conflict to avert the financial crisis, largely because of China's economic development, China's foreign trade to support Australia to cope with the impact of the crisis has played a significant role."　　Howard suggested that in dealing with the international financial crisis, we should not rely too much on international institutions, especially the international bureaucracy, and should rely on more changes within the country, similar to China's practice.　　He warned that protectionism in the world was on the rise. "I believe that China's development is good for the world," he said. "By 2030, the vast majority of the world's middle class will live in Asia, and tens of millions of or even hundreds of millions of of people living in China and Asia will be out of poverty, mainly because of China's right decisions," Mr Howard said. (Huayan from Beijing)