China and the Global Financial Crisis

Abstract

Despite China's strong current financial and economic position, a focus on China can help highlight how this current global crisis is just another step in the evolution and improvement of the world’s governance systems.China cannot make the mistake of viewing this crisis as a sign of weakness in the political and economic systems that have emerged over centuries in the world’s most scientifically and commercially advanced nations. Those systems are still works in progress, and China needs urgently to learn as much as it can from them—including the lessons they are gleaning or hopefully will glean from this current financial and economic crisis.