To what extent China s financial crisis has come in, I don t understand it

In China, in addition to the foreign trade industry and manufacturing industry, they are all relatively safe, such as doctors, lawyers, and civil servants...

After all, it is not a disaster to cause a depression, and China's system ensures that China is the best and carries out strong regulation and control to avoid the impact of Europe and the United States on the Chinese market, so the development to this point is already good, the RMB has stopped appreciating, housing prices are no longer **, ** has risen, and it is almost down to the bottom. Because of exports, investment in two carriages that drive the economy has been blocked by the financial crisis, and now we can only increase investment to expand domestic demand and increase jobs. Now is almost the worst time, and the economy will slowly recover.

This is just a crisis in the world financial community in Europe and the United States, not a world economic depression. It is estimated that the failed investment banks will not need to recover. Because of the false prosperity of the economy before, that is, the bubble economy.

It is difficult to say to what extent the so-called recovery will be, if we can really say that kind of prosperity may be in a year, maybe ten years, but there will inevitably be an economic bubble with finance, and this bubble will give people the illusion of prosperity. As for when it will be restored, so many experts do not have a unanimous opinion, and the landlord is too elevated to netizens, hehe However, according to the commitments of countries at the APEC meeting, it will be restored in 18 months

Let's talk about it briefly.

1.Many export-oriented manufacturing industries have been hit harder. Then there's the real estate industry.

2.A career in insurance? In the market economy, there are no occupations with special insurance, except for civil servants who eat imperial grain (the salary of the general population has been raised again at the end of this year).

3.The current situation in China. China's foreign exchange reserves are relatively large, and by the time of the statistics in September, 100 million US dollars, the ability to resist financial risks is strong, and the financial sector has not been very open, it should be said that compared with Europe and the United States, China's impact is small.

But there is still a clear economic downturn. The data speaks: GDP has gone from multi-year double-digit growth to 9% in the third quarter of this year, and small and medium-sized manufacturing enterprises along the coast are facing a general existential crisis, with overseas orders falling by more than 50% compared with the same period last year.

However, there is always a certain lag in the economy, and the first half of next year is the worst time. It will take about one year for the effects of a series of national policies to become effective.

4.Recover. I don't know what you mean by recovery, but China's overall economy is only decelerating at the moment, but it is still growing. If it refers to the full recovery of market confidence and other aspects, it is difficult to say, and the expert ** may be in late 09 to 10 years.

5. The source of the financial crisis. It's a hassle to say, so I'll put it in layman's terms.

People from the United States love to spend ahead of time and want to buy a house, so they look for bank loans. Banks are greedy, and in order to earn more interest, they lend to ordinary people regardless of whether they have the ability to repay or not.

The bank thought to himself: Anyway, if the people don't pay back, they will take back their houses and sell them, and they will definitely not lose money. However, some banks still have no plan in mind, so they go to insurance companies like AIG to insure their loans. Think it's foolproof.

But who knew that the housing market was bearish, the people did not repay the loans, and the houses repossessed by the bank were now not worth a few dollars, so the previous huge loans were all lost. The company's financial losses are tens of billions.

The shareholders who bought their ** saw that the business was so bad, so they hurriedly threw it away. As a result, the stock prices of banks also plunged, and their funds were tightened. Small banks are basically not able to do this kind of tossing.

There are also some who have bought insurance and run to AIG to ask for insurance money. You think, it's often tens of billions of dollars at every turn, no matter how good AIG is, you can't take out so much money, so banks and insurance are in an emergency...

In the end, everyone saw that they had all finished playing, their confidence was greatly hit, they all held their wallets and refused to invest, and the whole market was paralyzed. The crisis widened .........

Oh, unconsciously hit so much, in fact, there are a lot of interesting things in it, and if you are interested, you can go together**.

The fundamentals of China's economy are still relatively good at present, and those who have money in hand can wait and see, such as buying treasury bonds and saving them, but not spending them.

A financial crisis refers to a situation in which all or most of financial indicators such as interest rates, exchange rates, assets**, corporate solvency, and financial institution failure indices deteriorate, making it impossible to continue normal investment and financing activities.