National Research Center Director Zhang Yutai: China's economy has been the first to rebound

BEIJING, June 8, Xinhua (reporter Xu Xiaoyong) "can be said that in the world's major economies in China's economy has been the first to rebound."　　"Zhang Yutai, director of the Development Research Center of the State Council and Party secretary, said today at the second China Open Forum held in Ningbo, Zhejiang Province, that after the economic crisis, the Chinese government adjusted its macro-control objectives in a timely manner and adopted a series of forceful measures to create a favorable environment for China's economic recovery. The 2008 subprime crisis in the United States to the global economic and financial crisis change speed, and its impact on the international financial industry and the impact of the global economy, repeatedly exceeded expectations. "In the face of the historically rare global financial crisis, the economies of the world have been affected by different degrees, and China is not immune."　　"Zhang Yutai said. According to data from the first five months of this year, China's economic growth is good, investment and consumption are growing rapidly and the whole society is expected to improve markedly. However, from the short-term ' warmer ' to the medium and long term economic growth ' rebound ', to achieve good development, there are still some destabilizing factors.　　"Zhang Yutai that, because of the large scale of external demand contraction, in the structure and domestic demand there is a big difference in the short term, relying on expanding domestic demand can not replace or make up for external demand gap, how to stabilize external needs will be the current and future period of China's economy facing a prominent challenge." "China has implemented a total of 4 trillion trillion yuan economic stimulus plan, to ease the economic operation of outstanding contradictions, enhance confidence, stable expectations, played an important role." "Zhang Yutai believes that the current need to continue to seriously implement the policies and measures already introduced, at the same time, we should pay close attention to and judge the economic trend, actively expand domestic demand, stabilize external demand, combine short-term economic stimulation with medium and long term structural optimization and upgrade objectives, and continue to promote market-oriented reform, strengthen reform, enhance system innovation,　　Mechanism innovation, we should vigorously support the development of new industries such as service outsourcing, and actively undertake the industrial transfer of international producer services. Zhejiang is an economically developed province in the eastern coastal region of China, with a high degree of extroversion and more than 70% private economy. In the global financial crisis, Zhejiang's private enterprises are the first to feel the strong shock wave of one of the groups. Zhang Yutai said that Chinese enterprises should actively grasp the opportunities in the crisis, through international mergers and acquisitions, strategic cooperation and other means to obtain resources, technology, brand and international marketing channels, in order to enhance the status of Chinese enterprises in the Global Industrial division of the position to lay a solid foundation (end)