First, let the domestic economy develop steadily. At present, China's real economy has also encountered difficulties. Domestic economic risks mainly include: first, the possibility of inflation turning into deflation is increasing; Second, the possibility of domestic capital inflow turning to outflow is increasing; Third, the situation of illegal fund-raising in China is grim under the credit crunch; Fourthly, the factors of economic instability in China are increasing. At present, the problems existing in China's economy are mostly caused by government factors. Because China is now a government-led economy, in this environment, many private enterprises hope to get licenses, land and loans by virtue of their relationships, and do not pay attention to creating wealth. China's competition system is not a competition system to create wealth. The real competition should be who can make a profit, who can create a brand and who has the technology. Reform should be carried out in this respect. It is necessary to change the relationship between the government and the market from the examination and approval system to the registration system to revitalize the enterprise itself.

Second, establish a stable fund and develop the domestic stock market.

Some people may say that your formulation has nothing to do with the sharp depreciation of the dollar. In fact, if you think about it, the stock market has plummeted by 70%. Who is the biggest loser? Is it not the crazy depreciation of state-owned assets? Since RMB is not a freely convertible currency, China's wealth exists in two forms, one is foreign exchange reserves and the other is domestic assets. At present, China's two kinds of wealth are facing the risk of being destroyed at the same time in a year. Because the country pays foreign currency, it must be converted into RMB at home. Of course, most of the RMB entered the stock market, and the decline of the stock market caused the loss of domestic wealth. The market value of the domestic stock market has dropped by 20 trillion RMB, or about 2.9 trillion US dollars.

If the market value of RMB 20 trillion has not been eliminated today, then China enterprises must have a lot of assets to snap up low-priced global resources. So, if the United States issues dollars to deal with the financial crisis, what is China's solution?

We can consider setting up a stabilization fund to exchange foreign exchange reserves for RMB assets, inject liquidity into the domestic market, and exchange equity for US dollars. We can encourage listed companies and enterprises in China to convert their assets into US dollars through the stock market, so that companies in China can buy resource listed companies in the global stock market. Although there are problems in the financial market in the United States, the fundamentals of many high-tech companies and resource companies are still good, but they lack funds for development because of lack of liquidity. It is much better for China enterprises to go global than for sovereign investment funds to buy. At the same time, domestic enterprises can also take this opportunity to go out without fear of failure. Our country should change the examination and approval system into the filing system. As long as the enterprise's M&A plan is reasonable and true, instead of letting capital flow out, then we should encourage going out and buying high-tech and resource-based products, so that China's science and technology can reach a new level in one fell swoop.

What is the goal of our enterprise merger and acquisition? The world's two major iron ore companies, five major oil companies, gold companies, aircraft machinery and other manufacturing companies, aerospace companies, high-tech network companies. China is a big manufacturing country lacking in resources, and China's stock market has risen, so enterprises have enough money to buy important enterprises with global resources. We stand on the pricing power of global upstream products, and the global pricing power must be in our hands in the end.

Third, let the RMB become a reserve currency.

Does the United States have foreign exchange reserves? No, why does the rest of the world have foreign exchange reserves, and why doesn't the United States? Because he has the right to coin, the financial crisis in the United States has had such a great impact on the world because the US dollar is a reserve currency and the United States has the right to coin. Therefore, China can consider making RMB a reserve currency. As a matter of fact, the RMB has been semi-circulated all over China, and it is natural for it to become a reserve currency. Specific implementation measures should consider how to prevent the impact of dollar flight. We believe that if the United States issues dollars indefinitely, causing the dollar to collapse and the world will no longer exchange dollars, then RMB reserves are inevitable.

Fourth, consider establishing a new world monetary system.

We believe that the possibility of establishing a world reserve currency should be explored. The model can refer to both the euro model and the GDP asset mortgage model. Whoever mortgages more assets has greater voice and greater credibility of the currency. If a financial crisis breaks out in any country, it can be immediately asked to provide more capital collateral or freeze its currency transactions.

Fifth, turn foreign exchange reserves into real wealth.

China must absorb more and more pressure on foreign exchange reserves, so we must bear the risk of investment failure and turn US dollar reserves and US Treasury bonds into physical assets, whether gold or other resources, which are necessary for China's next round of rapid economic development. We must find ways to turn our foreign exchange reserves into national wealth that China people can enjoy, so that China people can have more world wealth.