subject: Russian Media: China Is Striving To Resist The Influence Of The World Financial Crisis [print this page] China is striving to resist the influence of the world financial crisis and China's development is of great importance to the stability of the global economy. This is one of the most important summaries made at the St. Petersburg International Economic Forum.
The reason why this forum concerns on Chinese economy is that this country has become the world's second largest economy in the background of the world economic crisis.
The foreign participants of the forum believe that the there must be more freedom for China's banking system, including to provide more opportunities for foreign banks to participate in China's financial markets and insurance markets.
Chinese experts believe that China's investment climate continues to improve. Cooperation in this field provides new opportunities to China and its partners for their development. At the same time, as to the financial crisis, China adopted a more flexible policy, which president of En Group his view.
He said: "I do not think the level of industrial consumption in China will decline. It is true that this year's production is on decline, but China's coal exports in the first three months of this year is still high. Chinese Government has taken a wise combination of action, and the consumption continues to promote economic development. The Government has taken a variety of measures to control. "
Executive Manager of China Merchants Bank, Ma Weihua, stressed that the unusual economic situation in China can be solved through cooperation with Russia and the investment by China to Russia.
He said: "our relationship has been very good, and this relationship is likely to become better, and gradually get the further development. China needs new energy resources, while Russia has surplus of this resource. As to the cooperation in this area, the potential is very large. Russia has high potential of technology and developed machinery manufacturing, which are good for cooperation. In addition to the field of energy, investors are also interested to agriculture. The cooperation in this field can benefit both sides. "
The experts from Western countries also believe that the investment in and cooperation with China can also do some help to Europe and the United States.
