sentences: after analyzingcurrent economic and financial situation both at home and abroad and discussingthe possible impact of the international financial turmoil on china’s economicand financial development, the committee held that, as the us sub-primemortgage crisis had caused drastic fluctuations in the global financial marketand spilled over into financial institutions and even the real economy, theoutlook of the global economy was unfavorable, and proper measures should betaken accordingly.