Ｏｎ ｔｈｅ Ａｌｅｒｔ

With the financial sector shaken to its core and the housing market still reeling from the subprime mortgage crisis, the U.S. Government has been forced to launch its largest-ever rescue campaign. But it seems that the current challenges plaguing the United States defy quick or easy fixes. Worse still, the crippling financial situation has sparked gnawing worries among investors about a slowdown in the overall economy. Will the financial chaos leak into America's broader economy? Will China's financial markets succumb to the Wall Street-generated gloom? How should China prevent itself from becoming the latest casualty of the crisis? The 21st Century Business Herald, a domestic economic newspaper, interviewed Wang Zili, President of the Training Institute under the People's Bank of China, for some answers.