Take China as an example. According to the statistics of the US Treasury Department, China's foreign exchange reserves are 1.8 trillion US dollars, of which more than 600 billion US dollars are used to buy US Treasury bonds and more than 300 billion US dollars are used to buy US "Fannie Mae and Freddie Mac" bonds-this information comes from the front page of Global Times on 08. 10.9.
In other words, China invested half of its foreign exchange reserves in the United States, and now there is a financial crisis in the United States. In 2007-2008, 13 banks went bankrupt on Wall Street in the United States, and their shares dropped from 150 to15. You said that China invested half of his net assets in their financial institutions. Not only did it affect, but it also had a great influence.
Moreover, in addition to the central finance, enterprises and shops all over the country and even around the world are also affected. Isn't there a long-standing saying that "the United States sneezes and the whole world shakes three times?"
For example, it will be Christmas in two months. China is the largest producer of toys in the United States, and 90% of toys and Christmas presents in the American market are made in China. Now the American economy has suddenly become like this, and American "white-collar workers" have lost their jobs. Who is still in the mood for Christmas? Therefore, this year's orders for toys, Christmas gifts and Christmas trees in China decreased by 70-80% compared with previous years, which also greatly affected the economic income of enterprises in China.
What's more, China products in the American market are not only toys, but also many, many.
Now the relationship between China and the United States, or the relationship between the United States and the world, can be described by a sentence in Cao Xueqin's A Dream of Red Mansions: "One glory is all glory, one loss is all loss", that is, don't be happy because the United States is unlucky. It is unfortunate, and so are we.