China’s advantages towards the economic crisis
China’s financial system has been basically perfect after decades of reform and development, the ability to withstand risks were significantly increased. China’s financial system is sound and it has strict management and strict control of financial derivatives, so China has no sinilar problem as the U.S. financial system.
China has strong institutional advantages and government macro-control ability. China has stable society and politics and gradually perfected legal system, and improving development environment. The central government has superb art of leadership, macroeconomic regulation is more proactive, targeted and effective continuously improved. For example, this year, during the first half year, the economic development maintain steady and rapid and the controlling price hikes; after September, the intensity of macroeconomic regulation is increased, the government implement a flexible and prudent macroeconomic policies. After November, the government decisively implement the proactive fiscal policy and loose monetary policy to speed up the capital investment ,economic development and make the market confidence stable.
