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...
Published in: | International Journal of Business and Management |
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Language: | English |
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Canadian Center of Science and Education
2009
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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and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher.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 |
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Open Polar |
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Canadian Center of Science and Education: CCSE Journal Online |
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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. |
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https://doi.org/10.5539/ijbm.v4n4P183 |
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International Journal of Business and Management |
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4 |
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