摘要
China is facing challenges in its economic horizon. The sharp fluctuations of its stock and foreign exchange markets in January have cast a gloomy light on its financial situation, and George Soros＇ prediction of a China crash has aggravated the predicament. Top priority should therefore be given to stabilize the financial market as well as rectify investors＇ misinterpretations. China＇s manufacturing industry is even more misunderstood than its financial market. Quite a few market participants and spectators have greatly underestimated the adaptability of China＇s manufacturing industry and its capacity to absorb shocks. That has shaken their confidence in the stability and growth potential of China＇s financial system and macro economy.
The manufacturing industry will undergo a disruptive,but creative period China is facing challenges in its economic horizon.The sharp fluctuations of its stock and foreign exchange markets in January have cast a gloomy light on its fnan-
