Why did the financial tsunami happen again? What is the impact on the world and the economy of our c

Because the world economy is unequal, the system is not perfect, there are loopholes, but the development is too rapid, there are too many financial bubbles, once the bubble bursts, there is a financial crisis, and once the financial crisis affects many countries, it forms a financial storm or financial tsunami.

The financial crisis in the 30s of the 20th century made Britain completely lose the status of the empire on which the sun never sets, and the global economic center moved from London to New York, the subprime mortgage crisis made the status of the financial center of the United States precarious, so the impact must be there.

As for China, China's system is not perfect, but fortunately, China has the most powerful foreign exchange reserves, and China's market is not completely open to the outside world, so it is less invaded. After all, although China has always said that it will introduce foreign capital, foreign capital does not come in and out as soon as it is said, and the economic crisis of foreign capital changes will not bring great disasters to China's financial market.

Moreover, the impact of a crisis is very long-term, and it cannot be resolved in a day or two, or in a year or two, and it will take some time to see how much of an impact the economic crisis has caused.

Enterprises and countries that rely mainly on the US dollar for external circulation are affected.

The U.S. economic crisis was triggered by subprime loans, which are commonly understood as people who do not meet the normal loan and must pay higher interest if they want to borrow. Due to the housing price**, many subprime borrowers choose to exchange the collateral house to the bank, resulting in a lot of bad debts for the bank. On the other hand, the bank gives cash, which leads to further housing prices.

China now encourages the purchase of houses, real estate companies take out loans, and the bank loans can be repaid after selling the house, reducing the risk of the bank.

Externally, enterprises that are affected by the US dollar exchange rate and lead to bankruptcy with debts, the main reason is that the US dollar contract, which leads to the cost of funds after the exchange of RMB is higher than that of the US dollar contract.

The financial tsunami is the same as nature, all of them have an impact, it depends on whether your conditions are hard or not.

A financial crisis refers to the failure of financial institutions, such as banks, to suffer serious losses and fail to operate normally. The financial crisis in the United States refers to the loss and failure of financial institutions in the United States when they provide housing loans, which are often referred to as subprime loans, to people who are unable to repay.

After the financial crisis, companies can't borrow, or they lose their savings, and the U.S. economy suffers, and we export less U.S. goods. In addition, many of our financial institutions have also purchased the assets of U.S. financial institutions, including U.S. Treasury bonds, and we have also suffered direct losses. And then there's the fact that the United States influences other countries, so that our dealings with other countries are also affected.

The impact on China is manifested in two aspects: first, the direct loss of financial assets purchased by China in Europe and the United States, and second, due to the financial crisis in Europe and the United States and other countries, the economic downturn has affected China's exports.

A financial tsunami refers to a sharp, short-lived, and over-the-state cycle of all or most of Knott's financial indicators (e.g., short-term interest rates, monetary assets, real estate, land, and financial institution failures) in a country or several countries and regions. It is characterized by the expectation that the future of the economy will be more pessimistic, and the currency value of the entire region has depreciated by a large extent, and the total economic volume and economic scale have suffered large losses, and economic growth has been hit.

It is often accompanied by a large number of business closures, rising unemployment, a general economic depression in society, and even sometimes even social unrest or unrest at the political level of the country. Financial tsunamis can be divided into currency crises, debt crises, banking crises, and other types. The financial tsunami of recent years has increasingly presented itself as a crisis in some hybrid form. Reference.

According to the latest economic data released by the National Bureau of Statistics, the annual GDP growth rate of the mainland in the third quarter has fallen below double-digit growth, falling to 9%, and GDP growth in the first three quarters was only the lowest since the second quarter of 2003 and the fifth consecutive quarter**. In the first nine months of this year, the industrial added value increased over the same period last year, and the growth rate was much lower than that in the first nine months of last year.

Various data show that under the severe situation of the global financial tsunami, declining exports and insufficient demand, the industrial growth of the mainland economy has slowed down significantly, and the economic growth has begun to stall, and the downward pressure on the economy in the next two to three years is greater, and the situation is not optimistic.

Over the past 30 years, China's economic growth has been driven mainly by exports and investment, supplemented by domestic demand. Under the impact of the over-issuance of the US dollar, the continuous appreciation of the renminbi, and the sharp decline in exports in recent years, new challenges and requirements have been put forward for the adjustment of China's industrial structure and economic growth. At the beginning of this year, the first economic work conference determined the economic policy of "demand and investment" to stimulate the economy and ensure the steady growth of exports.

However, under the influence of severe inflation and the country's policy of strengthening macroeconomic control, the relevant strategy has worked. At the just-concluded Third Plenary Session of the 17th CPC Central Committee, the first policy of supporting the three rural areas and stimulating rural domestic demand was once again established, which can be described as a pragmatic policy. China is experiencing a comprehensive transformation from a traditional agrarian society to an industrialized society and the transition to agricultural industrialization, and the issue of agriculture, agriculture and agriculture is the fundamental issue for China's future development, with a huge domestic demand of 900 million agricultural population, and it is also China's largest domestic demand.

How to effectively activate the domestic demand market in the rural areas and bring about the growth of domestic demand throughout the country has become a huge historical topic. Therefore, in the current poor global financial situation, the positioning of the economic work of the first is important and clear. The current economic work must continue to prevent inflation; It is all the more necessary to guard against economic stagnation or deflation.

Theoretically speaking, "currency" is the amount of money corresponding to the total amount of goods in stock. Therefore, when market confidence collapses, funds no longer circulate, and the market shrinks in a downturn, the efficiency of industrial allocation and operation and capital turnover will inevitably weaken, the economic engine will lose blood, and "currency" will fall into "contraction". However, if the policy allocation and adjustment are not appropriate, it will lead to the locked-up or precipitated financial capital surging out of the cage like a flood of fierce beasts, creating a bubble and false prosperity in the virtual economy again, and causing the "currency" to enter the "inflation".

It can be seen that the adjustment and application of China's economic policy at present is particularly important. Although China has established an economic strategy focusing on stimulating domestic demand in rural areas, it has also quickly launched supporting measures such as increasing the purchase of grain and agricultural products, increasing comprehensive subsidies for agricultural materials, and raising the export tax rebate rate for labor-intensive products such as textiles, clothing, and toys and high value-added commodities from November this year, and further relaxing credit for small and medium-sized enterprises.

caused by the crisis of subprime loans.

1. These loans are called subprime loans, which means that the lender's ability to repay the loan is insufficient and it is not a high-quality loan.

2. These loans are usually packaged in a variety of financial products.

3. When a large area of these loans cannot be repaid in time, the relevant financial enterprises will collapse, and a chain reaction will occur, causing a serious economic downturn.

The financial crisis in the United States will first bring about a psychological impact. The crisis will inevitably create a pessimistic atmosphere in China's capital markets, with China's holdings of these financial institutions shrinking and overseas investors likely to sell off Chinese assets in large quantities to save themselves in their home countries, thus exerting downward pressure on China's capital markets. But more importantly, China's economy is highly export-oriented, the total value of imports and exports exceeds 40% of GDP, in the past, it was because Americans borrowed money to consume, digested China's excess capacity, so that the United States finance and China's manufacturing double prosperity, now the United States financial down, will inevitably end the American borrowing money consumption model, China's manufacturing will be affected.

jīn róng hǎi xiào ] Interpretation: refers to the financial crisis on a global scale in 2008. The financial tsunami was caused by the subprime mortgage crisis in the United States, and subprime loans are loans that lend to borrowers with poor credit quality and lower incomes.

These individuals are often not eligible for concessional loans that require the borrower to have a good credit history due to poor or insufficient credit. At present, the financial tsunami has swept through many industries such as real estate, finance, energy, and automobiles, and will continue in 2009.

Comment: The severity of the financial tsunami can only be compared with the Great Depression in the United States in the 30s of the last century. But for China, there is a serious overcapacity in the country, a huge disparity in the distribution of wealth, and a serious shortage of domestic demand, which is an economic crisis of the industrial age.