USEUROPEAFRICAASIA 中文双语Français
Home / China

China has proved ability for crisis management

By Ding Yifan | China Daily | Updated: 2009-02-05 07:50

All countries are struggling with the global financial crisis as it worsens. Hoping to reduce to the minimum the impacts of the crisis on its own economy, China has worked out a string of forceful measures over the past months.

The country has loosened its previous prudent monetary policy and increased fiscal spending on infrastructure construction. At the same time, some stimulus packages aimed at reactivating slackened domestic demand have been launched to ensure the country achieves an 8 percent economic growth this year.

Although lower than in previous years, such an encouraging growth target is particularly outstanding in the context of widespread low expectations by other major countries.

China has proved ability for crisis management

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US