Began in February last year, the credit crisis at the United States, has been swept for the evolution of the United States, the impact on the world financial crisis. China is a positive integration into the world economy and financial system, and naturally can not give no thought. In that case, the United States financial crisis will impact China? China's economy will go? With these questions in mind, the reporter interviewed a professor of Nankai University School of Economics, Liu Xiaoxin doctoral tutor.
The U.S. economy is an important pillar of domestic consumption, sub-loan crisis, the U.S. dollar through exporting and other countries continued access to products and services, at the same time, but also in many countries, especially in developing countries provides an important market. Second loan crisis and financial crisis broke out, the American people's confidence in the economy continued to shrink, spending power and desire to continue to reduce consumption. In response, Liu Xiaoxin believe that this will reduce the demand for foreign products, resulting in reduction of U.S. imports.
The United States is China's second largest trading partner, the United States financial crisis conduction effect on the impact of China's exports are already apparent. Customs statistics show that China's total imports and exports in the United States in August last year, the proportion from 14.2% to August of this year's 12.7 percent. As the foreign trade of the national income is an important component of trade with the United States will continue to fall on China's economic growth to a certain extent the adverse effects.
China's exports to the United States of products, textiles, footwear, articles for daily use at the bottom of the labor-intensive products such as a large proportion. The products of these groups is a major consumer the United States in low-income class, they suffered the financial crisis, and a great loss, which is bound to a large extent, the impact of these products exports to the United States. At the same time, these labor-intensive products, China's exports rely mainly on the price advantage to compete with other developing countries, as the financial crisis brought about by a weaker U.S. dollar and RMB appreciation, making the price advantage of Chinese enterprises are not, subject to further curb exports.
In addition, we also can not be ignored by the U.S. financial crisis and the collapse of the vast majority of small and medium enterprises in China belong to the labor-intensive industries, which is the financial crisis in the United States to our country one of the negative effects.
It should be said that the financial crisis in the United States, to a certain extent, curbed the country's economic growth. On the other hand, the United States because of the financial crisis broke out in the world prices of energy and resources in an economic downturn and recession under the influence of a downward trend, China can make use of the world's energy and resource prices, this favorable opportunity to promote economic development.
The financial crisis in the United States has been China's economy to a certain extent, but this influence will continue for a certain period of time. We need to work together to face this challenge!
Last February began to us subprime mortgage crisis, has evolved into a worldwide swept America, influence of the financial crisis. China as a are actively involved in the world economy and the financial system of the state, nature also cannot stay outside. So, the financial crisis will bring to China? China's economy heading? With these problems, the reporter interviewed nankai university professor, tutor of institute of economic LiuXiaoXin.
The American economy is an important pillar of domestic consumption, the subprime crisis, through the outward and continue to get $output of goods and services from other countries, and at the same time, also for many countries, especially developing countries provides an important market. The subprime mortgage crisis and financial crisis, the American national confidence in the economy continue to shrink, consumption ability and desire for consumption continues to drop. This LiuXiaoXin thinks, this will reduce the demand, the foreign products caused imports from the United States.
The United States is China's second largest trading partner, the financial crisis of the conductive effect the impact of China's export trade has revealed. The customs statistics show that China's total import and export volume in the United States by the proportion of the last August 14.2% dropped to August. Due to the national income of foreign trade is an important part of the American trade to continue their slide will also cause for China's economic growth of adverse effects.
China's exports to America, textiles, footwear products, bottom life etc labor-intensive products possess a considerable proportion of. And these products are the main consumption group in America, they low-income in the financial crisis suffered a great loss, it will greatly influence the product exports to America. At the same time, our country exports the labor-intensive products mainly rely on price advantage and other developing countries, because of the financial crisis to compete with the dollar and the renminbi, Chinese enterprises in the export price advantage, further suppressed.
In addition, we also cannot ignore, American financial crisis and closed smes majority belongs to the labor-intensive industries, this is our financial crisis to the negative effects of.
Furthermore, America's financial crisis in a certain extent, inhibit the growth of Chinese economy. But on the other hand, because of the financial crisis, the price of energy and resources in the economic downturn and under the influence of recession decline for the world, our country can use energy and resources, the lower prices of a favorable opportunity to promote economic development.
America's financial crisis, for China's economy has certain influence, and this effect will continue to certain time. We need to face the challenges together!
Start from time of USA last February loan crisis , evolve at present already for the financial crisis carrying USA with one , affecting the whole world's. China is a country who melts in course of actively to enter world economy and financial system , has no way to keep oneself out of it at ease also. What effect is American financial crisis able to bring to China then? Where will Chinese economy to go to ? Have interviewed Nankai University economy academy professor , Ph.D candidate director Liu Xiao Xin with these problem , reporter. A important pillar of USA economy it is in the homeland to consume, before time of loan crisis breaks out, USA is gained by exporting U. S. dollar toward the outside but continuing for country's product and labour service, can't be the country a lot of other at the same time,especially the developing country has provided the important marketplace. Time of loan crisis and the financial crisis outburst, the USA citizen shrinks unceasingly to the economy confidence, lessening consuming an ability and consuming a desire continuing for. The need thinking that this surely is able to reduce external domestic products to this , Liu Xiao Xin ,brings about the USA entrance decrease. USA is Chinese second big trade buddies , the USA financial crisis conduction effect appears at present already to Chinese volume of exports impingement. General Administration of Customs's statistics data display , USA 14.2% go down of is so far annual in specific gravity in Chinese total export-import volume already from the last August 12.7% in August. Since foreign trade is a important component of national income,that the trade with US continuing for walks low also may cause certain adverse effect on economic growth of our country. In our country export to US product, the textile goods , footgear , the bottom hold articles for daily use waiting for a labour-intensive product to occupy pretty big specific gravity. That these product main part consume a group has been an American middle low income stratum but , they have suffered very big loss in current financial crisis, export to US that this will definitely affect these products to a great extent. These bother at the same time , our country to depend on price advantage intensive product outlet mainly and the developing country carries out competition other, appreciate with RMB since the U. S. dollar that financial crisis brings along is fatigued and weak, feasible Chinese enterprise price advantage is absent , is restrained outlet further. Besides, we can ignore that neither , financial crisis is affected but our country medium-sized and small enterprises most closing down is belonged to labor-intensive industries by USA, this is also one of negative effect of USA financial crisis on our country. Ought to say , American financial crisis , the increase having restrained our country economy to a certain extent. But outburst in another aspect , because of USA financial crisis, the trend coming down has appeared under world sources of energy and resource price effect getting lost and declining low in economy , our country can make use of world sources of energy and resource price to walk low , this one opportune time has promoted economic growth. American financial crisis, has already produced certain effect to economy of our country , this effect has returned to continuing for back to certain time and. We need to face current challenge coming making joint efforts!