Analysis of Root Causes, Effects of U.S.Financial Crisis and China's Countermeasures
Analysis of Root Causes, Effects of U.S.Financial Crisis and China's Countermeasures
Author：Jin Cheng-xiao,Wang Ya-nan,Wang Meng Journal：Taxation and Economy Date：2009(4)
Keywords U.S.;financial crisis;economics;economic structure
Abstract
The causes of subprime mortgage crisis of U.S. are the distorted growth pattern and imbalanced economic structure. U.S. financial crisis had a negative impact on American economy and its impact has been spread to the world economy including Chinese economy. Therefore, it is necessary to make adjustment to avoid the excessive economic downturn. It is also important to adjust the economic structure, expand domestic demand and increase domestic consumption.
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