Though a star economy during the past few decades,China has proven not to be crisis-proof and is suffering in the American-made global financial crisis.In response,the Chinese government has adjusted its macroeconomic policy swiftly and implemented a counter-cycle policy,including a proactive fiscal policy,a moderately easy monetary policy and an active international cooperation policy.The Chinese government’s policy is a comprehensive one,effectively combining investment,domestic consumption and foreign trade,short-term and long-term needs,economic growth and social development,and self-development and international cooperation.The Chinese government’s policy has produced generally good results so far and will be continued. Although a star economy during the past few decades, China has proven not to be crisis-proof and is suffering in the American-made global financial crisis. In response, the Chinese government has adjusted its macroeconomic policy swiftly and implemented a counter-cycle policy , including a proactive fiscal policy, a moderately easy monetary policy and an active international cooperation policy.The Chinese government’s policy is a comprehensive one, effectively combining investment, domestic consumption and foreign trade, short-term and long-term needs, economic growth and social development, and self-development and international cooperation.The Chinese government’s policy has produced generally good results so far and will be continued.