On February 26, 2009, Professor Wu Jinlian, one of the most prominent economists in China especially specializing in economic policy, delivered a speech entitled "China's countermeasures for global financial crisis" here at Tsinghua SEM. Drawing more than 300 faculty members and students, Thursday's lecture was the 148th speech of "Sina-Chang an" Forum co-organized by Chinese Economists 50 Forum and Sina Finance Channel. Tsinghua SEM became one of the co-organizers for the forum since this speech and relevant activities will be held regularly here at Tsinghua SEM.

"Problems of world financial system lie in the ailing economy in the United States, which was characterized by "low saving rate and high consumption rate", said Professor Wu Jinlian. According to Wu, the U.S. currency policy, adopted since 1970s, led to excess liquidity in the country's economy as well as massive accumulation of virtual assets (foams) in the world financial system. As for Chinese economy, as Wu said, the export-oriented policy China adopted did contribute to the country's development, while the government failed to rectify the problems brought about by the policy, thus making China become one of the major receiving countries of U.S. financial assets, and leading to massive foam in Chinese economic system.

According to Wu, China should search for countermeasures for the global financial crisis in an active manner. In his analysis, China may keep its macro-economy in normal operation through adjustment on its currency policy and fiscal policy; meanwhile, the government should pay more attention to several significant tasks in the country’s economic area including creating more job opportunities for migrant workers, developing advanced service-oriented manufacturing industries, developing service industry, and revitalizing key industries across the country.