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What role did China play in the financial crisis?
1. China has adopted a series of active policies to deal with the crisis, including changing its fiscal policy from prudent to active, and investing 4 trillion yuan in infrastructure construction, key projects and people's livelihood projects;

Then implement loose monetary policy, loosen monetary policy, encourage banks to lend, and pilot local governments to issue bonds to finance local development;

At the same time, the government has increased its assistance to encourage the development of small and medium-sized enterprises, encourage entrepreneurship and stimulate employment by providing financing facilities, tax relief, export tax rebate and training.

Finally, improve the level of social security, accelerate the reform of the old-age medical system and stimulate domestic consumption.

Many measures are not only temporary needs to cope with the crisis, but also solutions to the deep-seated and long-term strategic problems of China's economic and social development, such as environmental protection, new energy, independent innovation, sustainable agriculture and social security. It also provides a more comprehensive path sample for countries to get rid of the crisis.

2. China has fulfilled its obligations as a big country responsibly, opposed the protectionism of sharing difficulties with other countries, and actively strengthened and deepened economic and trade cooperation with major trading partners, such as sending procurement missions to Europe; At the same time, actively carry out trade with emerging countries and expand emerging markets, such as Africa and Latin America. These positions and actions have effectively safeguarded global free trade.

3. China actively participates in international financial supervision and cooperation, participates in formulating new international investment and trade rules, and explores possible paths to control the increasingly rampant financial speculation and get rid of the hegemonic pattern of the US dollar; China also pointed out the essential reasons of the crisis earlier: excessive greed of capital, self-service tendency of financial industry divorced from the real economy, ignoring the interests of the people and the interests of poor countries and small countries, which is also conducive to countries to take measures to correct them as soon as possible.

4. In order to stabilize the world economy and maintain and strengthen its strategic relationship with the United States, China, as always, has invested in American treasury bonds and fulfilled its obligation to assist developing countries. At the same time, the limited appreciation of RMB is allowed, and certain measures are taken to avoid unnecessary trade frictions in time.

5. Finally, China has strengthened its overseas investment by taking advantage of its existing capital advantages and the favorable opportunity of the crisis; We have increased investments and acquisitions in key resources, new technology fields and new markets, which are conducive to economic recovery and employment growth in host countries and regions.