THE "CHINESE EXPERIENCE" IN RESPONDING TO THE GLOBAL FINANCIAL AND ECONOMIC CRISIS

Abstract

Even though China has felt the tremendous impact of the financial and economic crisis, it does not fall into such crises itself. The "Chinese Experience" in responding to the international financial and economic crisis indicates that it is necessary for developing socialist countries to constantly consolidate and improve their basic socialist economic system, to strengthen macroeconomic regulation and to scientifically transform and upgrade the mode of economic development. </p