During the tumultuous period of the world financial crisis, China"s economy sank, struck bottom and rebounded as its GDP in 2009 reached 8.7 percent, far beyond global expectations. But why has China succeeded so rapidly and what lessons can people draw from .the experience? In his recent artide China"s New Deal: How to Response to International Financial Crisis, Hu Angang, Director of the Center for China Studies of Tsinghua University discussed these issues. Edited excerpts follow: