Economics Essay代写范例：Global Financial Crisis That Impact China

Economics Essay代写范例-全球金融危机对中国经济的影响。本文是一篇由于本站代写服务提供的留学生Economics Essay代写范例，主要内容是讲述当资产或金融机构的价值急剧下降时，就会发生金融危机。这通常与投资者从储蓄账户中提取资金或出售资产有关，因为本篇essay预计，如果这些资产或资金留在金融机构，这些资产的价值在未来会下降。以下内容就是这篇Economics Essay代写范例，供参考，并学习掌握Economics Essay怎么写。

Financial crisis occurs when the value of assets or financial institutions falls dramatically. It is often related to the investors that withdraw their money or sell off assets from their saving accounts as they expect that the value of the assets will drop in the future if those assets or money are being remained in the financial institution.

There are four types of financial crisis. Firstly is bank crisis. It occurs when the investors suddenly withdraw their capital or deposits from the bank in fear that insolvent will occur. Such situation will cause bankruptcy to bank since further withdrawals are done by investors and bank could not recover their short term liabilities. Secondly is global financial crisis. When there is a sudden speculative attack, the currency of a country will be devalued because the investors dump the currency when they expect that the exchange rate will drop. It will results in the loss of the liquid assets or foreign currency of the central bank. Therefore, the currency collapses. Thirdly is sudden stop in capital flow. It occurs when there is a sudden slowdown or discruption in the supply of external financing firms. When firm borrows in advance to pay for the inputs, the sudden stop in capital flow would result in the drop in aggregate demand and lead to a decrease in output. Lastly is wider economic crisis. Recession occurs where GDP shows negative growth for a period of time. If the situation is prolonged, depression occurs (Claessens, 2013).

本篇essay提出金融危机有四种类型。首先是银行危机。当投资者担心会发生资不抵债而突然从银行提取资本或存款时，就会发生这种情况。这种情况将导致银行破产，因为投资者进一步提款，银行无法收回他们的短期负债。其次是全球金融危机。当突然发生投机攻击时，一个国家的货币会贬值，因为投资者在预期汇率下降时抛售了货币。这将导致中央银行流动资产或外币的损失。因此，货币崩溃了。第三是资本流动的突然停止。当外部融资公司的供应突然放缓或中断时，就会发生这种情况。当企业提前借款以支付投入时，资本流动的突然停止将导致总需求下降，并导致产出下降。最后是更广泛的经济危机。当GDP在一段时间内出现负增长时，就会出现衰退。如果这种情况持续下去，就会出现抑郁症。

One of the factors that cause financial crisis to happen is the expansion of the mortgage lending by individuals. The huge increase in mortgage lending has increased the debts of households. When there is a boom in house sales price, households have to pay high monthly payments and it leads to the soar in mortgage deliquencies. Thus, the mortgage value drops. It would lead to the decrease in lending mortgage by households and investors would slow down the economic growth. Besides, leverage contributed to financial crisis too. When people borrow money to invest, they have the potential to earn more money from the investment but also have the high risks to face bankrupcty. Once people face bankrupcty, it will lead to the fail in payments to others and therefore create financial problems indirectly that link from one to another. The occurrence of financial crisis in one country like United States would have huge effects on economic activities which causes a huge drop in the aggregrate output. Thus, there will be large drops in investment, consumption, production, employment and exports and imports (Claessens, 2013).

Essay认为导致金融危机发生的因素之一是个人抵押贷款的扩张。抵押贷款的大幅增加增加了家庭的债务。当房屋销售价格上涨时，家庭必须支付高昂的月供，这导致抵押贷款拖欠激增。因此，抵押贷款价值下降。这将导致家庭贷款抵押贷款的减少，投资者将减缓经济增长。此外，杠杆作用也导致了金融危机。当人们借钱投资时，他们有潜力从投资中赚更多的钱，但也面临着很高的银行风险。一旦人们面临银行欺诈，就会导致无法向他人付款，从而间接造成财务问题，并将其与他人联系起来。像美国这样的国家发生金融危机会对经济活动产生巨大影响，导致总产出大幅下降。因此，投资、消费、生产、就业以及进出口都将大幅下降。

Economic issue- Global Financial crisis that impact China 经济问题-影响中国的全球金融危机

The United States subprime crisis that occurred in 2007 has entered into a global financial crisis after the Lehman Brothers bankruptcy in 2008. Economists considered it to be the worst financial crisis since the Great Depression that occurred in 1930. The global crisis has caused world-wide economic downturn and subsequently hit the China’s economy very badly. The global financial crisis occured has caused China’s GDP to decrease from 13% in 2007 to 6.8% in the fourth quarter of 2008. The industrial production sector growth rate of China has dropped doubled when compared to previous period while many others product sector growth rate has dropped to negative percentage (Yongding, 2010).

2007年发生的美国次贷危机，继2008年雷曼兄弟破产后，已演变为全球金融危机。经济学家认为这是自1930年大萧条以来最严重的金融危机。全球危机导致了全球经济衰退，并随后打击了中国的经济™的经济非常糟糕。本篇essay认为全球金融危机的发生使中国™中国的国内生产总值将从2007年的13%下降到2008年第四季度的6.8%。与前一时期相比，中国工业生产部门的增长率下降了一倍，而许多其他产品部门的增长速度已降至负百分比。

The fall in the GDP on the fourth quarter of 2008 is due to the rapid fall of the export sector. This is because the major export markets like Hong Kong, Korea and Taiwan have all slipped into recession due to global financial crisis while China is the country that very dependent on net exports to boost its economic growth. In 2007, China’s net exports have contributed over 20% of GDP growth (Ming, 2009). However, due to the impact of global financial crisis, the export of China has slowed down significantly because of the weakening of external demand. China as a labour-intensive sector exports great number of unskilled workers from rural areas to other countries. The sudden collapse of export market has caused many export-led private companies in China to close down and result in about 20 million of unskilled workers lossed their jobs (Ming, 2009). Due to this, the unemployment of China has increased. The number of unemployed workers has increased from 12.51 million in the third quarter of 2008 to 21.71 million in third quarters of 2009 (Huijian, n.d). Since many unskilled workers came from rural area with lower education background, they faced the problem of poverty when being laid-offs.

2008年第四季度国内生产总值的下降是由于出口部门的迅速下降。这是因为香港、韩国和台湾等主要出口市场都因全球金融危机而陷入衰退，而中国是一个非常依赖净出口来促进经济增长的国家。2007年，中国™中国的净出口对GDP增长的贡献率超过20%。然而，受全球金融危机的影响，由于外部需求减弱，中国的出口大幅放缓。中国作为一个劳动密集型部门，从农村地区向其他国家出口了大量非技术工人。出口市场的突然崩溃导致中国许多以出口为导向的私营公司倒闭，并导致约2000万非技术工人失业。正因为如此，中国的失业率上升了。失业工人人数已从2008年第三季度的1251万增加到2009年第三季的2171万。由于许多非技术工人来自教育背景较低的农村地区，他们在被解雇时面临贫困问题。

To stabilize the economic growth, government of China has implemented expansionary fiscal policy. In 2008, government has implemented a US$588 billion investment plan for 2009 and 2010. It is one of the world-wide biggest fiscal rescue plans. The plan concerned on increasing the whole output expenditures and cutting taxes. The budget focuses mainly on investing in the infrastructure of China and taxes rebate for exports (Yongding, 2010). At the same time, China Central Bank (PboC) also released loosening expansionary monetary policy to increase the bank lending by reducing the reserve ratio from 17.5% to 13.5%. The interest rate for loan has been cut down to boost consumer’s spending and borrowing. This has result in the increased in bank loan by 1.62 billion (yuan) in January 2009 (Ming, 2009).

本篇essay指出为稳定经济增长，中国政府实施了扩张性财政政策。2008年，政府实施了2009年和2010年5880亿美元的投资计划。这是全球最大的财政救助计划之一。该计划涉及增加全部产出支出和减税。预算主要集中在中国基础设施投资和出口退税。与此同时，中国央行还发布了放松扩张性货币政策，通过将存款准备金率从17.5%降至13.5%来增加银行贷款™的支出和借贷。这导致2009年1月银行贷款增加了16.2亿元。本站提供各国各专业留学生essay格式范文，essay代写以及essay写作辅导，如有需要可咨询本平台。