We think that transition ought to start from expansionary fiscal policy to Neutral fiscal policy, after brief review to some macro-economic policy which had important influence on the curves.

This paper first analyses the influence of expansive fiscal policy on the fiscal risk (absolute risk and relative risk) from the theoretical and empirical perspective.

In theory, expansive fiscal policy of Keynesianism established the theoretical foundation in stability economy with fiscal means.

Discussion on adjustment of expansive financial policy of China;

Proceeding from the national conditions,we should,apart from assuming the expansive financial policy and coordinating the monetary policy,connect the expansion of internal demands and the stimulation of economic growth with the reforms of the economy system,which aims at deepening marketability,in order to choose the comprehensive plans of pluralistic methods.

This paper tries to analyses theory, practice about carrying out an expanding fiscal policy and policychoice in China.

The asymmetric effect of monetary policy is manifested both as the different effect of tight and easy monetary policy and the different regional impact of monetary policy.