Domestic economists are increasingly worried about the contingencies of the global financialcrisis in China. Compared to their counterparts, China’s financial institutions have remainedrelatively intact, because the country"s financial system is less integrated in the global markets.Still, the damages on the mainland cannot be ignored. In an essay that was published in the ChinaSecurities Journal recently, Ba Shusong, Deputy Director of the Finandal Research Institute ofDevelopment Research Center under the State Council, gave his assessment of the country’scurrent status amid the global financial turmoil and offered suggestions on how Chinacould weather the storm. The entire article follows:

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