This global financial crisis has done great harm to countries that have opened their financial markets, leading to a major purge of the global financial industry, followed by an impact on the real economy and a global economic recession.
For China, the influence on foreign trade is inevitable, but we should also see that his influence on China has both advantages and disadvantages. Disadvantages: 1 The direct harm of finance to finance is not great, because China is controlled by capital, and what it loses is the money that China Bank lent abroad. The loss amount is very small, which will not affect the credit, so it cannot be called the impact on the whole economy of China. 2. Impact on China's real economy. China's dependence on foreign trade is quite high, and the global economic recession is bound to make China's foreign trade decline. Pro: 1. The global economic recession will inevitably reduce the demand for international energy, agricultural products and raw materials, so the price will fall, which is good for our fast-developing country. 2. Foreign trade is one of the troikas of economic growth, and the other two are investment and consumption. In order to ensure the stability of economic growth rate, investment and consumption are bound to bear great responsibilities. Before investment, there was a tendency of overheating, so at this stage, we can only increase consumption, so the state proposed to promote domestic demand. However, this transition will take some time. This change is still very beneficial to the general public.
So for China, the economic crisis only forced China to make changes. Assuming that there is no financial crisis, will China make such a change? China's foreign exchange reserves have reached US$ 654.38 +0.9 trillion, ranking first in the world. How long can this high growth of foreign exchange reserves last? These foreign exchange reserves are sufficient in terms of current significance and China's international strategy.
Let's talk about inflation in China. There are many reasons for this inflation: the international prices of energy, agricultural products and raw materials have risen sharply (now falling); Domestic investment is overheated and there is a serious excess of liquidity, which is manifested in the housing market and the stock market (now high interest rates and high deposit reserve ratio tighten liquidity); The industrial structure is unreasonable and the industrial development is unbalanced. Especially in agriculture, farmers went to cities and abandoned cultivated land. In 2008, there were many natural disasters. In 2006, pork prices plummeted, the enthusiasm for raising pigs was hit hard, and a large number of sows were slaughtered, which caused great trauma to the pig industry. These problems make the supply unable to keep up (land reform is being implemented now, and the land transfer system is increasing at a rate of 70% per month). All this requires a change in the time period.
If the financial crisis has an impact on China, it is because the media want to catch their eyes and divert their attention, so they can not comment on the Icelandic media. As far as China is concerned, the problems of domestic economic development are no less than those caused by the financial crisis, especially the liquidity problems caused by investors' heavy investment ratio and low investment efficiency. However, it is still good that China in transition can develop at such a high speed, which is full of various problems. At present, the stagflation or retrogression of the economy is short-lived, which can also be said to be a restart, and the adjustment is correct. The future will be better, and we have many opportunities at this time.