Financial tsunami forces China to reconstruct development coordinates - Yunnan Construction Network - www.gc126.com

Host Liu Dan: I would like to ask you, what are the specific impacts of the financial crisis on China?

Hou Ning: Regarding the influence of this financial crisis on China, I think it can be said that there are several aspects. On the one hand, the outbreak of the subprime crisis in the United States triggered a financial crisis and a major economic recession, which first broke our past development model of closely following the United States, believing that all problems can be solved by marketization, breaking our previous dream. China has no choice but to find its own development coordinates and value positioning, and consider what kind of values we should follow and what kind of development model we should adhere to. We have to think about this important issue, which is from the perspective of long-term development.