China's Response to the International Financial Crisis

In September 2008, a worldwide financial crisis was triggered by the subprime mortgage crisis in the US. Affected by the rapidly spreading financial crisis and slowing world economy, coupled with deep-seated problems in its own economy, China encountered serious difficulties in economic and social development not seen since the beginning of reform and opening up.

In response, the Chinese central leadership quickly adjusted its macro regulation policies. It changed the primary tasks from those set earlier in the year (preventing overheated economic growth and inflationary price rises) to maintaining steady and rapid economic growth and controlling excessive price hikes. In November 2008, the authorities adopted a decisive proactive fiscal policy and a moderately relaxed monetary policy, and issued a package to maintain steady economic growth, expand domestic demand and adjust economic structure. These efforts placed China among the first countries to realize an economic turnaround, and China was thus able to maintain steady and rapid growth.

應對國際金融危機

2008年9月，由美國次貸危機引發的金融危機全面爆發。受國際金融危機快速蔓延和世界經濟增長明顯減速的影響，加上中國經濟發展中尚未解決的深層次矛盾和問題，中國經濟社會發展面臨著改革開放以來前所未有的困難。

為應對這場金融危機，中共中央及時調整宏觀政策，把宏觀調控的首要任務從年初的“兩防”（防止經濟增長由偏快轉為過熱、防止價格由結構性上漲演變為明顯的通貨膨脹）調整為“一保一控”，即保持經濟平穩較快增長、控制物價過快上漲。同年11月，國務院常務會議決定實施積極的財政政策和適度寬松的貨幣政策，相繼出臺了一系列保增長、擴內需、調結構的政策，形成了應對國際金融危機、促進經濟平穩較快增長的一攬子計劃。經過艱苦努力，中國經濟運行出現積極變化，在世界上率先實現經濟回升向好，保持了平穩較快發展的好勢頭。