APP下载

Biggest Economic Challenge Ever

2008-11-28

Beijing Review 2008年47期

The global financial turmoil poses a big threat to all countries, and China is no exception. China'seconomic growth slowed significantly in the third quarter, arousing jitters about the financial crisis'toll on the real economy. Chinese Premier Wen Jiabao said at a meeting of the State Council onNovember 5 that China would adopt an "appropriately accommodative monetary policy" to replacethe previous "prudent monetary policy" to boost the country's economy. The Economic Observer,a Beijing-based newspaper, interviewed Wu Xiaoling, a former central bank deputy governor andnow lawmaker, about how the global financial crisis will affect China.