The Root Analysis and the Impact on China of Sub-loan Crisis

From 2007, a subprime storm began to blows from the US, and sweep across the whole world with a rapid speed. It makes the world economic growth slow -down, even Iceland and a fraction of the world’s countries fall into bankrupt. Behind this, the dollar hegemony of which the United States has been pr...

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Bibliographic Details
Published in:International Journal of Business and Management
Main Authors: Zhang, Lei, Yu, Yuanyuan
Format: Article in Journal/Newspaper
Language:English
Published: Canadian Center of Science and Education 2009
Subjects:
Iceland
Online Access:http://ccsenet.org/journal/index.php/ijbm/article/view/1216
https://doi.org/10.5539/ijbm.v4n4P183
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spelling ftccsenetojs:oai:ojs.www.ccsenet.org:article/1216 2023-05-15T16:49:00+02:00 The Root Analysis and the Impact on China of Sub-loan Crisis Zhang, Lei Yu, Yuanyuan 2009-03-18 application/pdf http://ccsenet.org/journal/index.php/ijbm/article/view/1216 https://doi.org/10.5539/ijbm.v4n4P183 en eng Canadian Center of Science and Education http://ccsenet.org/journal/index.php/ijbm/article/view/1216 Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published in CCSE journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author. International Journal of Business and Management; Vol 4, No 4 (2009); P183 Peer-reviewed Article 2009 ftccsenetojs https://doi.org/10.5539/ijbm.v4n4P183 2011-09-24T10:49:20Z From 2007, a subprime storm began to blows from the US, and sweep across the whole world with a rapid speed. It makes the world economic growth slow -down, even Iceland and a fraction of the world’s countries fall into bankrupt. Behind this, the dollar hegemony of which the United States has been proud is exactly the main reason. Actually, the appreciation of RMB and the interest rates raised by the U.S. Federal Reserve have triggered the subprime mortgage crisis. Although the direct impact on China is not extremely great, the indirect influence can’t be underestimated. Face to the crisis, China should learn this lesson from it, control the real estate bubble, expand domestic demand and reduce the gap between rich and poor in order to realize the economy transformation. Article in Journal/Newspaper Iceland Canadian Center of Science and Education: CCSE Journal Online International Journal of Business and Management 4 4
institution Open Polar
collection Canadian Center of Science and Education: CCSE Journal Online
op_collection_id ftccsenetojs
language English
description From 2007, a subprime storm began to blows from the US, and sweep across the whole world with a rapid speed. It makes the world economic growth slow -down, even Iceland and a fraction of the world’s countries fall into bankrupt. Behind this, the dollar hegemony of which the United States has been proud is exactly the main reason. Actually, the appreciation of RMB and the interest rates raised by the U.S. Federal Reserve have triggered the subprime mortgage crisis. Although the direct impact on China is not extremely great, the indirect influence can’t be underestimated. Face to the crisis, China should learn this lesson from it, control the real estate bubble, expand domestic demand and reduce the gap between rich and poor in order to realize the economy transformation.
format Article in Journal/Newspaper
author Zhang, Lei
Yu, Yuanyuan
spellingShingle Zhang, Lei
Yu, Yuanyuan
The Root Analysis and the Impact on China of Sub-loan Crisis
author_facet Zhang, Lei
Yu, Yuanyuan
author_sort Zhang, Lei
title The Root Analysis and the Impact on China of Sub-loan Crisis
title_short The Root Analysis and the Impact on China of Sub-loan Crisis
title_full The Root Analysis and the Impact on China of Sub-loan Crisis
title_fullStr The Root Analysis and the Impact on China of Sub-loan Crisis
title_full_unstemmed The Root Analysis and the Impact on China of Sub-loan Crisis
title_sort root analysis and the impact on china of sub-loan crisis
publisher Canadian Center of Science and Education
publishDate 2009
url http://ccsenet.org/journal/index.php/ijbm/article/view/1216
https://doi.org/10.5539/ijbm.v4n4P183
genre Iceland
genre_facet Iceland
op_source International Journal of Business and Management; Vol 4, No 4 (2009); P183
op_relation http://ccsenet.org/journal/index.php/ijbm/article/view/1216
op_rights Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published in CCSE journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
op_doi https://doi.org/10.5539/ijbm.v4n4P183
container_title International Journal of Business and Management
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