The f inancial crisis triggered by the U.S.sub-prime mortgage crisis has now affected the real economy. Due to the macroeconomic regulations of the Chinese government，the current situation of China's economy and trade is ralatively stable with the downward tendency checked in time. Yet coping with crisis is akin to system engineering which involves farsightness and unyielding efforts. Meanwhile the crisis will provide China with an opportunity of pushing economic reform across the board.