Impact of Financial Crisis on China’s Economy and the Countermeasures

The financial crisis caused by the U.S. sub-loan crisis has been sweeping the globe, which is the result of the proliferation of financial derivatives and lack of financial supervision. The crisis has had certain influences on China’s virtual economy and real economy.The paper holds that China's macro-control policy of promoting economic growth through expanding domestic demand has ensured the stable and rapid growth of China’s economy.