Abstract:In the context of the intensifying impact of external uncertainty and the conversion of old and new internal kinetic energy，Accurately identifying China’s macroeconomic resilience under the impact of systemic risks in the financial market has become an important topic。Using 117 financial indices to measure systemic risks in financial markets，Estimating time-varying impulse responses using 151 macroeconomic indicators，Using risk absorption intensity and absorption duration to quantitatively measure macroeconomic resilience，Examine its influencing factors through the regional system conversion model，The results show that China’s bet365 refer a friend code steadily improving，In particular, the resilience of the import and export subsystem has been improved even more obviously；Macroeconomic resilience in industry、Industry、Region、There is significant heterogeneity at the urban-rural level；bet365 refer a friend code affected by economic conditions、Currency Cycle、The impact of total factor productivity，Showing characteristics of regional system conversion。Identify the risk-absorbing capacity of the economic system、Exploring ways to improve macroeconomic resilience，For the formation of domestic circulation as the main body、The new development pattern of mutual promotion of domestic and international dual cycles and the strategic goal of achieving high-quality development，of great significance。

　　Keywords:Economic bet365 refer a friend code Systemic risk Absorption strength Absorption duration

　　Author Liu Xiaoxing，Professor, School of Economics and bet365 refer a friend code, Southeast University (Nanjing 211189)；Zhang Xu，Lecturer, School of bet365 refer a friend code Engineering, Nanjing University of Information Science and Technology (Nanjing 210044)；Li Shouwei，Professor, School of Economics and bet365 refer a friend code, Southeast University (Nanjing 211189)。