Reform of Macro Management System

The evolution of China’s macro management system is observed with a process of mutual influence and mutual learning with the west. At the beginning of the reform, macro-control was introduced from the west, when China was still “a primary school pupil” with the main task to learn. Within a relatively long period of time, the Chinese government was worried for failing to master the macro-control policy. Actually, the fundamental reason rested in different “soil” of China and the west. However, since the international financial crisis in 2008, this situation has changed. The west started to consider learning macro-control from China. It is associated with the impact of the crisis on the western mainstream economics and macro policy idea as well as surely with the characteristics and strong points of China’s macro-control.