The impact of the U.S. subprime mortgage crisis on China s economy

It has a great impact on China's economy. There are already many domestic enterprises facing difficulties. One of the biggest impacts of the subprime mortgage crisis on China's economy is that it has had a great impact on China's export enterprises and small and medium-sized enterprises.

A large number of foreign trade enterprises and small and medium-sized enterprises have shrunk their profits and even fallen into losses. Export orders from these enterprises have been sharply reduced. Although some enterprises have received orders, a large number of payments have been defaulted, and even the payments cannot be recovered.

In addition, some foreign-funded enterprises in China have begun to lay off employees. There are fewer companies recruiting at job fairs, and there are fewer job openings. The impact on China's economy, especially on employment, is very large, and employment is becoming more and more severe.

In some companies, employees have kept their jobs, but their wages have shrunk.

Growth for the whole of this year fell below 10 percent, the lowest GDP growth rate since 2002.

The impact is great, the upstairs should only see the superficial phenomenon, not only China's banking industry has been affected, should be the entire economic system in all aspects have been affected, I think the main two aspects are first of all should be the continued depreciation of the dollar, so that China's foreign exchange reserves have shrunk greatly, the foreign exchange reserves of the ** reserve have virtually evaporated, and then the financial crisis in the United States has spread to the main capitalist world, which has greatly reduced the purchasing power of foreign countries, and seriously affected the export volume of all walks of life in China. As a result, many of China's main foreign trade enterprises have gone bankrupt and closed down, and at the same time increased the number of unemployed people in China, and so on, which has seriously affected China's entire economic entity.

For the world economy, China is no exception, and there are problems in all walks of life and people's lives. Forcing society to do everything possible to deflect the effects of unfavorable factors.

Of course, China has saved so much foreign exchange, and it is also calculated. Economic risks are ever-present.

The impact is minimal. Only a few banks in our country have suffered losses because they bought bonds from related companies in the United States, but the losses are not significant.

The impact on China's economy is huge, and we will find out slowly

The impact is very great, for example, in our north, I work in the mine, the mine is completely stopped, the fine powder **, the price of iron has dropped, the original 1600 tons are now 600 tons, resulting in huge losses for state-owned enterprises. Gold ****, a lot of customers accompany money. Oil prices** have led to ** price falls, and there are many more, and these are the areas I have touched, which are powerful enough.

As long as the iron is **, all kinds of necessities of life will be affected, and the consumption of residents is not high.

How does it compare to the last financial turmoil? What's the difference? I didn't even feel much last time!