The most pressing task now is to make every effort to restore global economic growth and prevent a serious recession, oppose all forms of protectionism and maintain an open and free environment for trade and investment, speed up reform and reshape the international financial order. We should follow through on the international consensus, enhance confidence, take more effective measures, broaden cooperation, conduct more rational reforms and strive for substantive results.
The international financial crisis has brought unprecedented difficulties and challenges to China. We are experiencing greater downward pressure on economic growth. Imports and exports have been on the decline. Industrial production has notably slowed down. Some enterprises are having a hard time in their production and business operation, and employment is becoming more and more difficult. This crisis coincides with a crucial juncture in China’s efforts to transform the growth pattern and adjust the economic structure. New challenges coupled with existing problems have made our task all the more arduous.