Financial derivatives-the evil consequences of subprime loans.

The United States will be the first country to recover (except a few countries such as China), and Northern Europe, Britain, Japan and Russia may recover slowly. Optimistically speaking, the end of this year will be the last one, pessimistically speaking, it will last for 2-3 years.

The most intuitive impact on China is that exports are suppressed, the trade surplus is sharply reduced, and many small export-oriented enterprises in the south are closed down, especially the textile industry. China is a closed financial market, and its financial and supporting system is still in the exploratory stage. So American high-end financial derivatives will not work in China, just like vista will run on 386. Do you think it's possible? Ha ha. Those banks that hold shares in European and American financial institutions will be slightly affected, but they will basically not affect the huge performance of the banking industry.