Because the United States is the core of the world economy, its decline will also affect China's economy.

China's industry is not very developed and its impact is relatively small, so it is a challenge.

Because China is in a stage of development and needs various opportunities, it is said to be an opportunity.

Under the financial crisis, the U.S. dollar is depreciating, and the cost of our country’s goods exported to the United States has increased. Therefore, our prices are higher than those of goods from other countries or other countries. Price competition has relatively lost its advantage, and exports will decline.

In this situation, we can only be competitive if we improve the quality and quality of our products.

So it is both an opportunity and a challenge.

This is just the export aspect, there are other things as well.

The financial crisis affects not only our industrial production.

It also affects our financial industry.

Because our country's banks cooperate with banks in the United States, plus some trade currency exchanges, they purchase U.S. Treasury bonds or bonds or financial products.

When the United States depreciates, the value of the U.S. dollars we hold and the U.S. bonds or funds and other financial products they come from all decline. It is reasonable for the U.S. to print a large amount of money and give a corresponding proportion of U.S. dollars to U.S. dollar holders.

But this is impossible.

The dollars in our hands are relatively worthless.

Sohu Finance December 13th "2008 China Bankers Forum" was held in Beijing from December 13th to 14th, 2008.

As an online strategic partner, Sohu Finance will broadcast live for you. The following is a text report: Ladies and gentlemen, distinguished guests, fellow bankers, good morning.

I am very happy to attend the 2008 forum of "The Banker" magazine. It can be said that there are many guests.

This magazine has been established for seven years. I am fortunate to be its loyal reader and author, but I have written too little.

In today's context, the Central Economic Work Conference has just concluded, and under the severe situation that the international financial crisis is increasingly turning into an international economic crisis and the real economy has been greatly impacted, "The Banker" magazine actively implements the spirit of the Central Economic Work Conference

.

The General Secretary said at this meeting that we must "ask the people for government, ask the people for their needs, and ask the people for their plans."

Therefore, I think this forum organized by "The Banker" magazine is just such a kind of brainstorming, where everyone can contribute ideas and suggestions.

Let us overcome this financial crisis together, seize and seize opportunities together, and win our greater development.

I think the magazine has done a very good thing that benefits the country and the people.

I also wish this forum a complete success!

I was also very inspired by Comrade Zhaoxing's speech just now.

He elaborated on some of his views and understandings from the aspects of financial development and industrial development, financial supervision and financial innovation, financial development and financial opening, government regulation and market economy.

I think these issues are all discussed and studied at the Central Economic Work Conference, including how to play the role of the "visible hand" and the "invisible hand" and correctly handle such relationships.

I suggest that if you have time, you should carefully read the press release issued by the People's Daily on December 11 regarding the Central Economic Work Conference.

Much more.

The oral version is only about 2,000 to 3,000 words, while the "People's Daily" Xinhua News Agency version is probably 6,000 words. I hope you will read it carefully.

I saw that the international media spoke highly of this Central Economic Work Conference, and considered it a classic economics textbook. It only contained 6,000 words of published content, and it was also considered to be better than the current plans of many countries in the world to deal with the economic crisis.

It must be complete, accurate, and relevant to national conditions. They consider it a classic economics textbook.

I hope you will come and take a look if you have time.

It contains the latest spirit of the Central Committee. It is the Central Committee’s most basic and complete judgment on the international financial crisis and the current international and domestic economic situation since the Third Plenary Session of the 17th Central Committee of the Communist Party of China. It is also a general plan to guide our work next year.

The title of my speech today is "International Financial Crisis: Opportunities and Challenges for China's Economic Development and Reform."

If you look carefully, you can find one of my wordings. I put opportunities before challenges.

This topic is so big that it may be difficult to fully explain it in the time given to me.

I can only select the main points and topics that everyone is interested in and talk about my understanding of the spirit of the Central Economic Work Conference. I will combine it with my own work reality, the development and trends of the international economy, and the countermeasures we should take, focusing on opportunities.

and challenges to illustrate some of my views.

The current round of international financial crisis, or the world economy faces the risk of a sharp decline, or the real economy has faced or will face a more serious impact. How did it form?

Why is it so serious?

Why is it said to be rare in a century? To be precise, it is the most serious financial crisis in the world since the Great Depression from 1929 to 1933. It has a profound background.

In his brief speech at the opening ceremony just now, Comrade Songqi briefly outlined the current situation of the international economy.

This year, due to the role of emerging economies such as China, India, Russia, and Brazil, the world economy will not fall even further. It still has a growth rate of 3.0%.

According to the IMF's forecast on November 6, the growth rate is 3.7%. Although it has been continuously lowered over the past year, the 3.7% rate may not be maintained now.