financial crisis is affecting a country\’s economic development, external shocks, aggregate demand shocks are external
, the most prominent decline in demand for exports, and this crisis will further spread and spread, resulting in the psychological fear of alarming rise in the short term of an economy\’s economic growth or export growth rate of the sudden decline.
In September 2008 by the U.S. sub-prime crisis triggered by entry into the climax of the financial crisis, the global economy are all affected by this involvement.
The U.S. financial crisis is a sudden, Yue Yanyue large, rapid spread, impact and consequences of uncertainty and so on.
The current financial crisis is a random event, unpredictable, unforeseeable nor controllable, providing detailed information on lace machines and can therefore only act according to circumstances, the camera choice.
The scope of its development, mainly from the crisis (United States) extended to the crisis-stricken countries (EU, Japan and some Asian economies), but then extended to the crisis-affected countries (China, India).
Their stage of development is the first from the sub-prime crisis evolved into the credit crisis, and then developed into a financial crisis and may affect the global real economy.
The breadth of the financial crisis spread to affect large, deep harm, the situation is complex than what people had expected, severe impact on the U.S. economy and even the world economy.
This makes China\’s economic development in the international economic environment has deteriorated to China\’s economic growth target to achieve in the future created a lot of pressure.
The financial crisis on China\’s urban development affects economic effects of globalization has gone deep into the different countries and regions, all cities and all aspects of the industry, anywhere in the world economic fluctuations will produce a series of chain reaction.
U.S. financial crisis, although not to the United States as China\’s economy caused by the impact of direct-access wedding decorations ideas, but the indirect effects produced by it should not be underestimated, the effects of urban development in the future will be increasingly evident reflected.
Mainland China from a regional hair shop is divided into four sections, 10 provinces and cities in eastern, central six provinces, 12 provinces and autonomous regions in western and northeastern provinces.
In the four blocks in the highest level of the economically developed eastern plate, and the eastern part of the plate where there are three growth poles, that is, the Pearl River Delta, Yangtze River Delta areas, the Bohai Rim.
The current financial crisis in the former section of the damage to the concept should be said that the most severe damage, the most direct the Pearl River Delta and Yangtze River Delta, the two economies
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developed areas, currently facing the
difficulties in closure of joblessness is the worst emergency the Pearl River Delta and Yangtze River deltas.
Because these areas are export-oriented model, and now exports the challenges facing the wedding decorating ideas.
As the various regions of China issued an imbalance shop, the financial crisis on the impact of China\’s cities have emerged of non-equilibrium.
Overall, the coders to provide detailed information on the financial crisis of Guangdong, Zhejiang, Fujian, Shanghai, Beijing, the impact of these cities is proportionate serious, but the central region, the impact of the western region is relatively small.
Financial crisis on the city\’s foreign trade exports.
As the financial crisis, globalization, the United States, the European Union and Japan and other developed countries have emerged in the slowdown, jobs and the unemployment rate rise, decline in household consumption, bank savings and to increase and so on.
These phenomena led to developed countries to developing countries, import demand shrink, the performance in order to reduce or cancel orders for products from developing countries, resulting in developing countries, including China\’s exports dropped significantly.
According to statistics in recent years, the United States, Japan and Europe market share in China
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export share of 60%.
But the United States, Japan and Europe because of the financial crisis led to an economic downturn, the demand bound to reduce wedding reception ideas.
Special United States is China\’s second largest trading partner, and crisis in the United States for our export demand has dropped significantly.
It is estimated that U.S. economic growth fell by 1% each, China\’s exports to the U.S. would drop 5% -6%.
According to the International Monetary Fund (IMF) forecast in 2009 global economic growth will fall by 1.5 percentage points, the U.S. economy in 2009 will drop 0.7% in the euro zone economy in 2009 will decline 0.5%, Japan will fall by 0.2%, emerging and
the developing economies, growth of 5.1% over the 2008 return down 1.5 percentage points.
In addition, the IMF, according to a preliminary forecast of world trade in 2009 will grow 2.1% in the previous year\’s 4.6% drop of 2.5 percentage points; developed economies, a large drop in both imports and exports and imports than in 2008 fell 0.1%,
go down over the previous year of 1.9 percentage points; export growth will reach 1.2%, down 2.9 percentage points over the previous year; emerging markets and developing countries, imports of wedding decorations will grow 5.2%
, the growth rate down 5.7 percentage points over the previous year; exports will grow 5.3%, the growth rate down 0.3 percentage points over the previous year.
In this context, China\’s exports will be seriously affected.
At the same time, export-oriented economic growth of Southeast Asian countries mainly export structure with China, similar to expansion of exports of these countries must take measures to deal with the crisis, which hit China\’s export composition.
The future, as the world economic recession deepened, China\’s export situation will be even more severe.
If the concept according to the actual growth in 2008, the import and export, export the actual growth rate is only about 8% to 9%, instead of 21%.
And compared to last year, the growth rate declined significantly.
A special area of export-dependent export
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obviously go down.
According to Customs statistics, Guangdong, Jiangsu and Shanghai ranked succession of foreign trade import and export value of the top three provinces and cities.
In 2008, Guangdong Province, into the wedding ceremony ideas exports 683.26 billion U.S. dollars, an increase of 7.7%, import and export of various provinces and cities the size of ranked first in the country.
Over the same period, Jiangsu, Shanghai, into the export value of 392.27 billion U.S. dollars, respectively, and 322.1 billion U.S. dollars respectively, up by 12.2% and 13.9%.
Deducting price factors, and the yuan appreciation, Guangdong\’s real growth is negative growth, Jiangsu and Shanghai, the actual growth rate is small.
Some in the mid-term and economic take-off stage of industrialization, economic outward low, mainly supported by industry, investment-led city, the economic impact of financial crisis on their city is relatively
small, little risk of an economic downturn, the unprecedented opportunity to speed up hair shop.
Financial crisis, the impact of the city to attract foreign investment, in the center of gravity downward, providing detailed information on the filters.
China is the world\’s foreign direct investment (FDI) the largest country.
Since the reform and opening up, providing detailed information on the tool cabinets, special in recent years, attracting foreign direct investment in China has maintained rapid growth, China\’s urban economic development has also played an important role.
After the outbreak of the financial crisis, a number of multinational corporations and investors due to the capital market to raise funds and financing constraints, unable to raise funds to invest in emerging markets.
Moreover, China\’s manufacturing costs and profit margins decreased substantially the situation, but also reduce the need for investment earnings expectations, and thus weaken China\’s willingness to invest.
According to the Ministry of Commerce statistics, in 2008 from January to November, China newly approved 24952 foreign-funded enterprises, down 27.51%; amount of foreign capital actually utilized 86.418 billion U.S. dollars, an increase of 26.29%.
However, in November 2008 monthly statistics show that China approved the establishment of 2216 foreign-invested enterprises, down 38.32%; actual use of foreign investment 5.322 billion U.S. dollars, down 36.52%.
