7. The international financial crisis has inflicted a severe blow to many countries including China. It is irresponsible to simply describe China as the "biggest winner" in the crisis.

Because of shrinking external demand, China's foreign trade declined sharply, economic growth slowed, enterprises' revenue declined, and social employment pressure increased. Thanks to the economic stimulus package timely released by the Chinese government, China's economy has risen again in a short time.

Under a proactive fiscal policy and moderately loose monetary policy, China's economy has taken the lead in the recovery, while handling the relationship among maintaining fast yet steady economy development, restructuring economic structure, and managing inflation expectations, and focusing on strengthening the sustainability of economic growth.

China insists on the foreign trade policy of maintaining a basic balance between exports and imports, while focusing on expanding domestic demand and consumption. China is making great efforts to transform itself from a "world factory" to a "world market," and create overseas market demand for every country in the world, as well as to strongly support the world's economic recovery and growth.

China did not complain, shift the crisis on to others or set up high trade barriers. On the contrary, China dealt with the crisis with other countries in the world and showed an image of a responsible country by significantly contributing to the world's economic recovery and growth.

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