Profile: Wang Qishan: Rise of a troubleshooter (8)

（Xinhua）  08:27, December 26, 2012

CONFIDENCE

When Wang was in Washington D.C. on Sept. 14, 2008 for a meeting of the Sino-U.S. Joint Commission on Commerce and Trade, he received the news that the Lehman Brothers would declare bankruptcy.

Aware that an unprecedented international financial crisis would sweep the globe, Wang immediately informed related financial departments at home, telling them to get prepared to deal with the worst scenario to ensure domestic financial stability.

Wang later became head of the newly established group for tackling the financial crisis under the State Council.

He kept a sober mind and told his colleagues that the world was facing a complicated and severe economic situation, which was full of uncertainties.

He also warned that the downturn caused by the international financial crisis and European debt crisis would last for long.