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The Chinese Trend in the Global Financial Crisis

  • Date Submitted: 03/20/2010 06:47 AM
  • Flesch-Kincaid Score: 47.8 
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American supreme lending crisis which caused global financial crisis is one of the most important events after the World War Ⅱ. A lot of countries around the world are affected by the crisis,America is the most serious sufferer, and others countries which have enjoyed the flourish of Real Estate Market and consumption, such as the Britain, the Ireland, the Australia ,the Canada,are also shocked.Moreover,the Iceland is having bankrupted . Chinese basic of economy that is determinated by the increasing speed of economy, the cosumer price level, the international income and expenses,and the tendency of employment is not changed,.Now I will show some statistic datum from the China National Bureau of Statistics:
In the case of the increasing speed of economy: Chinese economy has still kept on 9.9% in increasing. This increasing speed is a litter higer than the average speed after Reform Open policy.
In the case of the cosumer price level: CPI in October is increased 4% within the same period. The extent of increasing is declining 0.6% compared with September.
In the case of the balance of international income and expenses:Foreign exchange reserve came up to 1900,000,000,000 dollar in the end of Spetember. It makes China to have a powerful expense ability.
In the case of the employment :Chinese government supported 9,360,000 new job positions to unemployees in the forme three quarters , which attained to 94% of the yearly aim of employment. In a word, employment tendency is satisfied.
But it does not mean that China is not influenced by the crisis. China also face some challenges.Firstly, impact has came from the exportation.China is the third international trade country in the world,whose extent of dependence on trade reaches 60%.The rapid increment of exportation is always the motivation for the Chinese economy. In 2007, the total amount of Chinese exportation reached 2,173,800,000,000 dollars that was 37.5% of the GDP and also made the economy to go up 1.5% - 2%....


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