Opportunities for the global financial crisis, China

 Represented in the oil in the context of soaring energy prices, subprime-induced financial crisis is spreading from the United States, swept the world.
Suspense is no longer U.S. recession. And above 90 years of a century the Asian financial crises, this Fan source is the financial crisis played a decisive role in the global economy of the United States, the impact of the global economy will have a direct and comprehensive.
However, I believe, first of all for the global economy should not be too pessimistic. The global financial crisis As credit growth caused the boom caused by itself is a new era, new technology caused by the economic structure, continue to disrupt the old structures that continue to create new structures. Looking back at history, this . but the new growth cycle and it starts.
As for China,UGG boots, but the global financial crisis is likely to provide an opportunity. As China's current more stringent capital controls, will enable China to relatively small losses get power adjust its economic structure for the further The nature of the subprime crisis is too broad and result in credit conditions as the credit crisis,bailey UGG boots, debt crisis. Japan's bubble burst, the most drag on the economy is bad debt. According to the Bank for International Settlements has served as general manager and the European Monetary Institute Alexandre Lamfalussy of the President, Southeast Asia, South America, after the bubble burst the crux of the financial crisis is the most important large-scale short-term external debt accumulation. and China to promote the appreciation of domestic assets in the current, the sharp rise in personal loan new year .2007 Total loans increased 3.63 trillion yuan, the loan growth rate of only 1.1 percentage points higher than the stated objectives. However, households over trillion yuan of new loans, while the figure in 2005 and 2006, respectively, 3323000000000000 yuan and 61.19 million billion. In the current real estate and stock market bubble beginning to bear the situation, the government adopted a tight monetary policy, it is in the international situation and domestic situation into account under the plan ahead.
Second, China's foreign trade conditions change will ease inflation expansion and the pressure of RMB appreciation, and will help the government to adjust policy to expand domestic demand. With the U.S. economic slowdown and the end of this round of economic cycle, the United States has up to 9 trillion in total consumer spending is bound to shrink. The trade volume between China and the U.S. China has accounted for 40% of GDP, China's exports will be affected accordingly. from a micro perspective the export-oriented enterprises will bring considerable negative impact. But from a macro perspective, as the trade surplus fell to will reduce the dollar reserves to continue its rapid growth, the current rapid increase in foreign trade surplus led to the problem of excess liquidity can be a certain degree of ease; can reduce the issue of the RMB, thus facilitating the control of the current momentum of inflation.
and even from micro-level perspective, the impact is far-reaching and have a positive meaning. foreign trade situation changes, will promote the Government, through policy changes, efforts to implement the policy of expanding domestic demand. the face of the deteriorating situation in foreign trade conditions, will lead to many companies on the one hand by the export type of transformation to the domestic demand,cheap UGG boots, on the other hand to the government with greater pressure and power,UGG boots clearance, industry, private enterprises access to relax, the pace of advancing to break up monopolies, increase transfer payments, consumption investment in infrastructure, improve and perfect urban and rural social security system and other measures. In short, through internal and external balance from the transition to export-oriented, will help to improve the current economic structure of the Chinese economy tends to be more content-type growth. through the housing, health care, pension, unemployment, education and a series of reforms can also be strong consumer confidence of domestic residents.