Future Impacts From2012Non Informal Financial Reform:Wenzhou,Zhejiang, China

Considerable the World economic and Chinese economic situations, we cannot escape the word’Finance’, which means cash flows in and out. The root of The Financial Tsunami and EU Sovereign credit crisis,’Finance’is still the nightmare. Almost each economists talk about Economy who is the expert about CDS from2008. Moodie credit index is changing the behaviors of economists’brain now. Nobody knows who will down grade which country, Greece, Italy, Spain or Portugal. The default rate of sovereign credit grows to come true soon.The top2economic scale, China performed well during the past20years,’BRICK’ and only one increasing rate is over8%during the past10years. Does China can survive from this recession or on the contrary, China also failed at last minute.As the leading city, Wenzhou, Zhejiang Province, who performed well during the past35years, how to fight for a good way during the current Economic and Financial situation. We are eager to know the answer.