World Bank: China's economic policy wise to resist the financial crisis in the ability of any country

World Bank President Robert Zoellick on the 8th in Sao Paulo, Brazil pointed out that China's economic policy "very wise", making China the ability to weather the financial crisis stronger than any other country. St. Paul is to attend the G-20 Finance Ministers and Central Bank will be a long day of Zoellick held a small news conference. He said the Chinese government successfully used in previous years, the international financial situation better opportunity to absorb a large number of foreign investment through improved infrastructure, which is "very wise policy." He pointed out that China has accumulated huge foreign exchange reserves, making China's current ability to withstand the financial crisis stronger than any other country, with the financial crisis at the moment to implement expansionary economic policy conditions in order to guarantee stable economic development. He also said that many economists believe that when the threat of financial crisis, economic development, a better way to cut through the introduction of the tax reduction as well as to the financial markets, such as funding, to implement expansionary economic policies in order to reduce the financial crisis Impact. He said: "In the implementation of expansionary economic policies, the Chinese have a very good condition." Expansionary economic policy is liberal economic policies adopted by the government to cut interest rates, reduce taxes and increase spending, and other means to increase the scale and stimulate aggregate demand. G-20 Finance Ministers and Central Bank will be many years from 8 to 9, held in Sao Paulo, Brazil, IMF Managing Director Dominique Strauss - Kahn, World Bank President Robert Zoellick and China, including the Ministry of Finance Li Yong, Vice Minister And the People's Bank of China Governor Zhou Xiaochuan and other multinational finance ministers and central bank governors attending the meeting.