The global financial crisis is still spreading. The world economy is going to get worse before it gets better, and the situation remains serious. China and the UK should take even stronger measures jointly to meet challenges and promote early recovery of both our economies and the global economy.

Since the outbreak of this crisis, our two countries and the rest of the international community have stood side by side and worked closely together. To overcome the current difficulties, it is essential to convert confidence into credit in the market and quickly recover functions of the financial markets. It is important properly to co-ordinate the positions of all sides and to make good use of “both hands”, the government and the market.