First, the current situation and trend of the world economy.

Today's world economic growth is facing the risk of overall decline and recession. Why did the subprime mortgage crisis in the United States quickly evolve into a global financial storm, causing chaos and crisis in the entire world financial system? The most important one is caused by the unilateral hegemony of the US dollar, because the US dollar is the first-class reserve currency in world finance and trade, and plays the role of the first-class reserve currency in the global financial system and trade system.

As early as a few years ago, Europe, Japan and other top countries in the global financial system have already felt the harm of dollar hegemony to the balanced and sustainable development of the global economy, but they dare not propose any alternatives with substantial reform contents to shake dollar hegemony. At present, there is no doubt that China has also deeply felt the bondage and exploitation of dollar hegemony.

But we should see that 2008 will be the beginning of the demise of dollar hegemony, because:

First, the subprime mortgage crisis in the United States in 2007 is further burning the real economy of the United States, causing the entire dollar economic entity to fall into recession, and the economy will be difficult to recover in a short time.

Second, all previous economic crises in the United States have strengthened the dollar again through war and plunder, and further strengthened its leading position in the world economy. For example, the Gulf and Yugoslavia wars in the 1990s; 200 1 war in Afghanistan; The second Gulf War in 2003. Nowadays, many countries in the world have deeply felt the slave control and exploitation of the dollar hegemonic economy on their own economies, and the dissatisfaction against the dollar hegemony is rising on a global scale. The possibility of war is further reduced.

Third, the world's emerging economic entities are developing rapidly and will become another force that cannot be ignored in the world. In the past, Asia had overcapacity and insufficient consumption power. It is time for Asia to realize its potential market power. The focus of the world economy is shifting from the United States and Europe to Europe and Asia, which will further weaken the hegemonic position of the US dollar.

If the Marshall Plan of 1947 (the important aspect is that the American government hopes that American investors in Europe can guarantee that the profits obtained in the form of European currency can be converted into US dollars) has established the status of the US dollar as the world reserve currency and laid the hegemony of the US dollar for more than half a century. Then, will the subprime mortgage crisis in 2007 make RMB another reserve currency for world finance and world trade? Will it bring a truly powerful opportunity to China's economy?

Second, the status quo and trends of China

Today, China has become a world economic giant. China, on the other hand, has no right to participate in the pricing of oil, ore and other commodities, and even rare earth, coal and other resources with absolute advantages in China have no pricing power.

When the financial turmoil in the United States leads to the overall recession of world economic growth, China will still maintain high-speed growth in the future, and China will become the first engine of world economic growth, playing an important and irreplaceable role. At present, the international financial system dominated by the United States has been unable to provide peace, security and prosperity for many parts of the world, and the degree of exploitation in this system has also been maximized. Should we pin our future on the derailed globalization and the collapsed global financial system, or should we choose another way? There is no doubt that China will use its wisdom and strength to lead the world economy out of the current economic crisis and become a real world economic giant.

There are still many things to do now:

Internally, we must first maintain stability and growth, create a good internal environment for domestic economic development, and maintain a stable and healthy growth of the national economy.

Second, increase investment in infrastructure and expand domestic demand. Increase investment in infrastructure construction, medical reform, social security system construction, cultural and educational undertakings and ecological environment construction. At present, increasing agricultural investment will undoubtedly increase farmers' income and effectively protect farmers' interests. There are 700 million farmers in China. Increasing and ensuring their income will promote the growth of domestic consumption. This will surely be a bright spot of China's economic growth next year.

Third, accelerate the technological transformation, optimization and reorganization of domestic enterprises. Encourage enterprises to realize rapid transformation and restructuring through preferential policies and relaxing corporate credit. To lay the foundation for the rapid and sustained economic growth of China.

First, change the direction and structure of foreign trade exports. At the same time, gradually reduce the amount of US dollar foreign exchange reserves. Seek all-round foreign trade exports and reduce the share of foreign trade exports to some countries in the total foreign trade. Further expand the proportion of high-tech goods and high value-added goods in export foreign trade.

Second, strive for China's foreign trade commodities to have trade status and commodity pricing discourse power. Strive for the trade position of RMB in regional trade and even world trade, and make RMB another reserve currency of world trade.

Third, assess the situation and formulate economic strategic goals and plans. Prepare for the next dollar hegemonic financial crisis and even the next establishment of a new international financial system. At present, we should strive for favorable economic conditions in the international economy and safeguard the hegemonic position of the US dollar and the old international financial system. At present, China does not have the strength to challenge the hegemonic position of the US dollar in international finance, so there is no need to bring risks to the economy. )