Today, this crisis has caused the world finance to evaporate about 50 trillion dollars, and tens of millions of people around the world have lost their jobs in this crisis.
Countries around the world have invested more than $3 trillion in bailout funds and will invest more in the future.
Impact on China:
The stock market has shrunk by 60%, and the market value has evaporated by nearly 20 trillion yuan; ; The real economy has also begun to suffer large-scale damage, and the sales performance of many companies has declined; When the real estate market was cold, some real estate developers lost their money, many properties were not bought, a large number of small and medium-sized real estate institutions closed down, small and medium-sized enterprises struggled, and some enterprises closed down; Large enterprises have difficulty in financing and face merger or compulsory acquisition; The consumer market shrank and deflation began to appear.
However, it has little impact on China as a whole, because China's data in the first three quarters showed that China's GDP growth rate was 9.9%, but it still maintained a high growth rate. The added value of fixed assets in the whole society exceeded the level of the same period last year, accelerating 1. 1%. The GDP growth rate last year was 12.3%. Although the development of D has slowed down this year, the economic development is still very high. It is far ahead of other countries in the world. Despite the financial depression, China's financial assets account for a small proportion of the total national economy, and China's own consumer market is huge, so the normal life of our people will not be greatly affected.
China government's response policy.
1 Banks cut interest rates to encourage people to make investments instead of saving money.
From 2008 to 20 10, 4 trillion RBM was used for social investment and stimulating consumption.
3. Help small and medium-sized enterprises, provide loans to small and medium-sized enterprises in trouble, and appropriately reduce taxes.
Provide financing channels for large companies and let these pillar enterprises recover as soon as possible.
5. Support the construction industry and let the construction industry, as one of the foundations of the national economy, get out of the predicament.
Invest in agriculture, speed up the construction of some large-scale infrastructure projects and stimulate domestic demand.
The root causes of the 2008 emergency crisis:
The root of this crisis is that the existing financial system with the United States as the world financial center and the US dollar as the only common currency in the world has serious defects, so a new financial and economic order will be formulated after this crisis. China will play a leading role in it. It can be said that whether the crisis can be safe, rapid or excessive depends largely on China. Because;
1 China is the largest net capital importer in the world today, and its annual foreign exchange income has reached more than 1000 billion US dollars in recent years.
China is the fastest growing country in the world, and China's GDP growth rate exceeds 8% every year. There is a saying that development is the last word, and only development is the best and only way to solve the current crisis.
China has the largest foreign exchange reserves in the world, reaching $2 trillion. If China is unstable, it will undoubtedly destroy the world.
China has the largest population and the largest emerging consumer market in the world, and will be the largest consumer market in the future, with unprecedented potential and energy.
China, the world manufacturing center, is the largest exporter in the world. The United States and Europe are China's largest trading partners, and China is also one of their largest trading partners.
China is the largest trading country in the world, accounting for 20% of the total world trade.
So China's position is very important. China is likely to take advantage of this once-in-a-lifetime opportunity, the economic downturn in the United States and Europe, and let the dollar, the world's soft currency, rise and form a new pattern of the world economy.
When the price of raw materials falls, the sales price of clothing products will also fall, but the profit will not be greatly affected.