129765814574589165_762007 United States subprime mortgage crisis began, was first released in Europe nearly trillion-euro liquidity, credit chain of confidence under the rescue the collapse of the subprime mortgage derivatives, which originated in Europe due to the Pan-European stock exchange derivatives innovation too quickly bought most of United States credit derivatives. This deep on a European stimulation, resulting in the present process of European debt crisis has mainly financial and debt perspectiveProblems and not aware of the nature of the European debt crisis is still derived from industry crisis
swtor credits, the repeated requests from the European Union and European austerity of the five countries that is seen in pigs. In Greece, for example, Greece import and export trade deficit amounted to EUR 350 billion over the past decade, and this is a present Greece in aggregate. News is that not long ago, Spain by urging that the fiscal plan to stimulate the economy bodeHas woke up in Europe, mainly in the capital goods manufacturing Germany there's not a moment to rest. 2011 Germany 11.4% in export growth, exceeding EUR 1.3 trillion, then hit a historical high. Germany even though no match for Chinese exports, trade surplus is obviously more than the Chinese. On the export, China is the "factory of the world", Germany is manufacturing "factory of the world", Technology gap is evident. United States understand first. Because the United States knows the subprime crisis stems from ten States dependent on manufacturing in the Middle "three no" mortgage home buyer credit collapse, especially marked by a decline of the city of Detroit. United States has mainly two: a stable real estate credit linked bonds as the core, offering two large thrust QE first save "two rooms" bonds, Including the provision of bond insurance services of United States international group, and continued to buy bonds to maintain social welfare spending, preventing the spread of debt crises in the bottom.
Is the second launched the "industrialization", increasing low-end manufacturing jobs and manufacturing services related to extension development, social credit to fundamentally address underlying residents. China is repeated. First bearDwarf to cool the economy and promote the "made in China" adjustment of industrial upgrading
tera gold, but urging that the bailout policy trends in the West after drift in, quickly launched 4 trillion stimulus, this means to promote structural adjustment plans on hold, and instead to "iron-based" low level expansion of the dominant resource-consuming industries, so that everyone is nowSee, not only the real estate bubble continued to enlarge, infrastructure construction, excessive consumption of the more rampant loan is to get around the platform until forming local debt, civil "fall into" blame the sound four. So
swtor credits, the next is the continued regulation of real estate, lots of access to resources, financial industry and State enterprises of risk aversion, and lack of policy support to enterprises not only lost its industrial upgradeOpportunities are crowding out resources area on the industry chain to return to manufacturing, no place to hide in the shrinking of global consumption, or West had to transfer abroad continued to reduce costs. However, this expansion to seek cost reductions of global industrial transfer actually is over after the tide of prosperity after ten years. Outsource to low-end manufacturing as a major sign of global industrial division in the face of China "Shortage of workers "has been touched at the vertex, as," shortage "is not the absolute reduction in the amount of the labour force in China, but rather refer to labour for wages it is difficult to maintain a simple reproduction of labor and was forced out of the market. Thus, the "made in China" cost of higher end ideal for low inflation and high growth economy and society in the West. This point in time had appeared as early as 2005,Inertial China repeatedly wrong shoulder adjustment of production opportunities. At the same time, the "made in China" behind the Western and prosperity of "industrialization", leading to unemployment in the West increased by, lack of low end consumer, while Western companies using the global division of labor cost reduction profit maximization of thinking naturally extends to related manufacturing services on, contribute to global services Bao XunSpeed expansion, India, but for a further push up the unemployment rate in the country, and also of the accumulation of global imbalances continue to walk without errors, low level of innovation in China to expand the "sick" days. However, the "mixed always". In the rapid economic growth of 4 trillion stimulus, are allowed to continue to the "made in China" missing structure adjustmentThe whole time window. Foxconn is typical, was forced to tie in the United States, "refined" chariot of industry, it is difficult to turn, can only passively following the adjustment in the West. Current United States manufacturing has experienced a rise in 30 months, the European economy sustained after the excessive, the situation will worsen. Rapid growth of foreign direct investment at the beginning indicates that Chinese companies have understood, soAnd for now, the policy departments of foreign direct investment policy restrictions are still considerable. This shows that continues since the 2008 global financial crisis was essentially the end of the wave of global industrial division, is not so much a financial crisis, rather than be an industry in crisis. China since reform and opening up were lucky enough to catch up with the current 30 travelling time of globalization,But also repeatedly lost because of deeper reforms to promote opportunities to grasp the direction of globalization, increasingly better and the European debt crisis is the last opportunity to leave China's economic structural adjustment. Although the World Bank, IMF and the United States and Germany claimed that the global economic downturn has yet to be 10 ease, but the adjustment will soon end global industrial division, next 10 years most of the timeFor adjustment of the industrial division of labor based on public-private sector balance sheet corrections. However, in such a critical situation, China knowledge on this issue is still not deep, and curing of interest pattern, common sluggish economic restructuring and industrial upgrading, and for now the accession to the WTO-like mechanism for external pressure is difficult to establish, which means seize the historic opportunity in ChinaPossibility does not seem big. Online statement Gold: gold online reprint of the above content, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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