Ｃｈｉｎａ　Ｓｅｅｋｓ　Ｅｃｏｎｏｍｉｃ　Ｔｒａｎｓｆｏｒｍａｔｉｏｎ.docVIP

Ｃｈｉｎａ　Ｓｅｅｋｓ　Ｅｃｏｎｏｍｉｃ　Ｔｒａｎｓｆｏｒｍａｔｉｏｎ 　　 　　The financial crisis that started in the United States is spreading worldwide, and its impact on China’s economy is increasing daily. Difficulties and problems that accumulated in China’s long 　　period of fast economic growth have gradually become apparent. Both the Chinese government and enterprises are considering how to transform and upgrade China’s economy through changing 　　development mode and adjusting the industrial structure, while coping with the financial crisis. Therefore, guaranteeing economic growth, expanding domestic demand and making structural 　　adjustments have become China’s important economic goals for 2009. 　　In order to realize these goals, the Chinese government has created a RMB 4 trillion investment package and launched a revitalization plan for 10 key industries, hoping to move from a reliance on exports to stimulating greater domestic demand. 　　 　　Consumption Coupons: New Attempt to Expand Domestic Demand 　　 　　THE global financial crisis has exerted pressure on exports and employment, and has influenced Chinese people’s income level and will to consume. To increase domestic demand, some local governments have tried to stimulate consumption through issuing consumption coupons. 　　 　　Stimulating Consumption by Issuing Coupons 　　 　　On March 7 more than 10,000 tourists visited Fujiabian Sci-tech Garden in Lishui County, Nanjing City, Jiangsu Province, which is a bio-agricultural tourist destination. This brought the garden an income of RMB 200,000, an increase of 30 percent over the same period of 2008. The garden received RMB 10,000 worth of consumption coupons, a result beyond the expectation of general manager Li Baijian. 　　The garden benefited from the Nanjing government’s issuing of Nanjing rural tourism consumption coupons in February through a random lottery. The lucky winners each received a coupon worth RMB 100. 　　To promote the rural tourism market, the Nanjing municipal govern