After the global financial crisis broke out,it brought some negative impacts. Against this background,the CPC Central Committee decisively made a series of countermeasures,which began to show results. Because central fiscal investment played an important role in facilitating bank loans,leading social investment and promoting resident consumption,the trend that economic growth kept declining has initially come to an end since the second half of 2008. However,the situation is still grim. As exports dropped significantly,it was more difficult to achieve the annual economic growth target. Since the total exports were close to the total retail sales of consumer goods in domestic market,China saw a sharp decrease in exports(by 20%)during the first four months of 2009,whereas exports grew by about 20% on average during the previous years,leaving the total demand decreased by a value equivalent to over 10% of GDP. It is expected that developed economies are hard to recover within this year. Their imports will shrink,leading to a decrease in China’s export orders,which will be estimated at an annual decline of 5%-10%. Therefore,the key for achieving the annual economic growth target is to expand domestic demand at a level enough to offset the impact of falling exports. If financial support and policy performance are sustainable,the transformation of the pattern of economic development will determine whether the policy in support of domestic demand expansion can play its role in the near term and long-term. In other words,only after the policy of expanding domestic demand makes a breakthrough by means of promoting the transformation of the pattern of economic development,can we overcome the global financial crisis,truly turn pressure into motivation,and turn challenges into opportunities. We shall maintain stable and rapid economic development momentum this year and make it continue in a long run.