Comparison Between United States And Chinese Government's Fiscal Policy During The Recession And Implications

In 2008 the U.S. sub-prime crisis triggered by the global financial crisis, the impact on the world economy makes all of the goverments in the world use the fiscal policy to conqer the financial crisis.Facing the current global financial crisis, the United States and Europe are actively take intervention to defuse the crisis. The United States introduced a 700 billion U.S. dollars bailout plan, the EU announced a 130 billion euros of economic revitalization plan, Germany, Britain, Japan, Korea, Deng Jun formulated a huge spending plans, the Russian government prepared to spend 5 trillion rubles (180 billion U.S. dollars) for the financial crisis in Russia to resist the adverse effects.Adjusting the direction of fiscal policy appropriately and playing more actively function of its stable economic growth and sustainable development is an inevitable chance as important macro-control of the goverment. It is an important issue that Strengthen and improve macroeconomic control, How to fully play the positive role of fiscal policy in a variety of policy in order to effectively overcome the current difficulties, and to promote structural adjustment, to achieve economic stability and sustained and rapid growth. The article was in this context, through the five-part study, proposed the implementation of fiscal policy in our country, there are some constraints, the experience of fiscl policy in the U.S. recession can direct governance of China's economic development.Firstly, Article analysis the different feature of fiscal policies which U.S. and China government implement in the economic depression comparatively, mainly focus on the implementation of the main body, the keypoints and the tools of fiscal policy, further analysis the effect of the implementation of fiscal policy comparatively during the depression, make an elaboration from the good result and deficiencies, summarizing the good expriengce of US financial policy implementation and deficiencies of our financial policy. Finally, it discussed the experience and enlightment from US financial policy during depression, these experiences provide the new theory instruction for our country when facing the similar economic recession, and lay the foundation and the reference for Our country Government better seeking for effective financial policy in the economic depression.