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The following article was published in our article directory on November 23, 2010.
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Article Category: Business
Author Name: Amanda xzh
In people's minds, the general debt crisis occurred in a small number of least developed countries only the body, but the financial crisis, this view is changed. Iceland from the first to Dubai and Greece a year ago, to today's Ireland, we found that even an economically powerful country, also due to huge fiscal deficits and debt while toting a crisis and risk. Today, even the United States, Britain and Japan have economic power so high because of the deficit facing the debt situation. 2010 U.S. budget deficit will reach 1.6 trillion U.S. dollars, equivalent to 10.6% of GDP, while the United States this year will exceed 1.3 billion of debt, accounting for 94% of GDP; the UK budget deficit this year will reach 178 billion pounds, equivalent to nearly GDP 13%, while the British total of about 850 billion pounds of debt, accounting for 60% of GDP; Japan's debt is 600 trillion yen, about 189% GDP, and the next year, a group of Japanese debt will expire.
United States, Britain and Japan does not have a debt crisis in Congress, or other unexpected problems? According to our old ways of thinking may have been unable to properly answer these questions. Because, as developed economies, "too big to fail," the U.S. economic growth, the Western economic philosophy and so on, in the aftermath of the financial crisis and the crisis had been subversive, but also what we have unexpected things happen?
Aftermath of the crisis and, later, all human beings have never experienced, and its development has been beyond our imagination. Now, come to a turning point in the global economy is, in fact we are not clear to the future economy.
It is because of the uncertainty of the future, in essence, does not cause much harm to the Irish crisis, will in the international financial and commodity markets set off no small waves, triggered international media attention. Chen Fengying said the show changes and concerns about global change in economic confidence. It is the prospects for global economic recovery, lost, that makes people a little trouble to strong reaction.
For the Chinese economy, the uncertainty of the external economic environment is still a very big challenge. Global economy will not "double dip", the Chinese economy will be how it affects? The United States has launched the second round of monetary easing policy, and ultimately will have negative impact on the global economy and to what extent? If the United States once again to the global currency market, "water", China holds 2.6 trillion USD in foreign exchange reserves will be much loss? In exchange rates and trade protectionism and so on, will have among the world what kind of friction? Experts say the test of the complex and volatile external environment, the wisdom of the Chinese Government, the Government on economic policies introduced to a lot of scrutiny, careful and flexible.
Keywords: China Roof System, China Wall System, container house plans,
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