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Domestic economists are increasingly worried about the contingencies of the global financial crisis in China.Compared to their counterparts,China’s financial institutions have remained relatively intact,because the country’s financial system is less integrated in the global markets.Still,the damages on the mainland cannot be ignored.In an essay that was published in the China Securities Journal recently,Ba Shusong,Deputy Director of the Financial Research Institute of Development Research Center under the State Council,gave his assessment of the country’s current status amid the global financial turmoil and offered suggestions on how China could weather the storm.The entire article follows:
Domestic economists are increasingly worried about the contingencies of the global financial crisis in China.Compared to their counterparts, China’s financial institutions have less yet intact, because the country’s financial system is less integrated in the global markets.Still, the damages on the mainland can not be ignored. an an essay that was published in the China Securities Journal recently, Ba Shusong, Deputy Director of the Financial Research Institute of Development Research Center under the State Council, gave his assessment of the country’s current status amid the global financial turmoil and offered suggestions on how China could weather the storm. The entire article follows: