Macro regulations have become indispensable to China economy. In the past five years, with the volatile world economy, China’s macro regulations have guaranteed the economy’s stable development, by adopting flexible and prudent policies.

In 2007, with the pressure of price rises and inflation, China decisively changed its 10-year "steady" monetary policy. It tightened the policy, and succeeded in maintaining stable economic growth.

Back in September 2008, the US investment bank Lehman Brothers announced bankruptcy, triggering a round of global financial meltdowns. Facing this complex international environment, the Chinese government timely loosened the monetary policy.

And the effect is remarkable. At the end of 2008, GDP quarter-on-quarter growth rate was only 1.8 percent. But in the first quarter of the following year, the rate reached 8 percent, and in the second quarter, 15 percent!

China became the first country in the world who realized economic revival. According to a report from the United Nations, China contributed to 50 percent of the world economic growth, in the second year after the global financial crisis struck.

Since 2010, The Central Bank has raised interest rate successively. To many Chinese people’s relief, prices dropped and the interest rate went up. A survey conducted by the Central Bank shows a rise in people’s satisfaction regarding price levels.

However, there are also problems. Loosening monetary policy will heighten the risk of triggering inflation. But tightening too much, small and medium enterprises will find financing difficult. To better solve these problems, experts say reform is needed in the next five years.