It is predicted that the stock market will not stabilize until the first half of 2009. It will take several years for the world economy to recover, three years for China and more than ten years for the United States. Today, the crisis has evaporated the world finance by about $50 trillion. Tens of millions of people around the world lost their jobs in this crisis. Countries around the world have invested more than $3 trillion in bailout funds, and more will be invested in the future: the stock market has shrunk by 60%, and the market value has evaporated by nearly 20 trillion yuan; ; The real economy has also begun to suffer large-scale damage, and the sales performance of many companies has declined; When the real estate market was cold, some real estate developers lost their money, many properties were not bought, a large number of small and medium-sized real estate institutions closed down, small and medium-sized enterprises struggled, and some enterprises closed down; Large enterprises have difficulty in financing and face merger or compulsory acquisition; The consumer market shrank and deflation began to appear. However, it has little impact on China as a whole, because China's data in the first three quarters showed that China's GDP growth rate was 9.9%, but it still maintained a high growth rate. The added value of fixed assets in the whole society exceeded the level of the same period last year, accelerating 1. 1%. The GDP growth rate last year was 12.3%. Although the development of D has slowed down this year, the economic development is still very high. It is far ahead of other countries in the world. Despite the financial downturn, China's financial assets account for a small proportion of the total national economy. At the same time, China's own consumer market is huge, so the normal life of ordinary people will not be greatly affected. The response policy of China government is 1. Banks cut interest rates and encourage ordinary people to invest. Don't save money Invest 4 trillion RBM in social investment to stimulate consumption by about 2208-20 10. Help small and medium-sized enterprises, provide loans to small and medium-sized enterprises in difficulty, provide financing channels for large companies, and have appropriate tax reduction policies to enable these pillar enterprises to recover as soon as possible. Support the construction industry, and let the construction industry, as one of the foundations of the national economy, get out of the predicament. 6. Invest in agriculture, speed up the construction of some large-scale infrastructure projects and stimulate domestic demand. The root cause of the 2008 emergency crisis is that the existing financial system with the United States as the world financial center and the US dollar as the world's only common currency has serious defects, so a new financial and economic order will be formulated after this crisis. China will play a leading role in it. It can be said that whether the crisis can be safe, rapid or excessive depends largely on China. Because; 1 China is the largest net capital importer in the world, and its annual foreign exchange income in recent years is as high as 100 billion US dollars. China is the country with the fastest economic growth in the world, and the annual GDP growth rate of China is over 8%. There is a saying that development is the last word, and only development is the best and only way to solve the current crisis. China has the largest foreign exchange reserves in the world, amounting to $2 trillion. If China is unstable, it will undoubtedly destroy the world. China has the largest population and the largest emerging consumer market in the world, with unprecedented potential and energy. China is the manufacturing center of the world and the largest exporter in the world. The United States and Europe are China's largest trading partners, while China is also one of their largest trading partners, and China is the largest trading country in the world. The trade volume accounts for 20% of the total world trade, so China's position is very important. China is likely to take advantage of this once-in-a-lifetime opportunity, and the US and European economies will decline, so the opportunity of the US dollar as a soft currency in the world will rise, and a new pattern of the world economy will be formed.