Abstract
It is of particular significance to restore confidence during economic crisis. Government’s financial policies,currency policies and other supporting policies will help to restore confidence to some degree. But, excessivereliance on government policies may result in another wave of inflation and economic crisis. As a result, thereform in economic system and the improvement of economic environment should be fundamentally relied on torestore confidence, which will help to upgrade industries, innovate technologies, develop economy harmoniouslyas well as to restore the confidence of investors and consumers, hence benefiting long-term and sound economicdevelopment.
Highlights
In the current financial storm, China has displayed extraordinary power in resisting against financial storm and economic crisis due to its government’s financial policies, currency policies and other supporting policies
Confidence is said to have great importance in economic activities as a psychological phenomenon. It is pointed out in the theory of market economy that economic subjects make their own economic decisions based on their prediction of future economic conditions
Their degree of confidence can be reflected in the future economic conditions they have predicted (Huang, 2007)
Summary
In the current financial storm, China has displayed extraordinary power in resisting against financial storm and economic crisis due to its government’s financial policies, currency policies and other supporting policies. Confidence is said to have great importance in economic activities as a psychological phenomenon. It is pointed out in the theory of market economy that economic subjects make their own economic decisions based on their prediction of future economic conditions. Their degree of confidence can be reflected in the future economic conditions they have predicted (Huang, 2007). This paper only tries to elaborate on how to reduce the time for economic crisis and the degree of economic recession as well as how to restore sound and long-term development of economy from the perspective of confidence
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