Present International Financial Crisis and China's Countermeasures

From the sub-loan crisis occurred in 2007 to the financial crisis in 2008,the United States faced an economy recession.The sources of the U.S.financial crisis are:lack of financial supervision,inappropriate macroeconomic policies,the implementation of the low savings of the economic system,high consumption and irrational international monetary system.The U.S.financial crisis has had a great impact on the global economy,resulting in slowing down global economic growth,and leading to international economic and financial crisis.At present,the crisis has not yet overcome.The global economy is facing a serious financial crisis,the Chinese Government actively responds to and takes a series of measures,including:expansion to take appropriate monetary policy and loose fiscal policy to ensure stable and rapid economic growth,the expansion of direct financing,and to improve the social capital structure,to improve the international balance of payments situation,to promote the process of internationalization of the RMB,and actively participate in the reform of the international financial system.