Impact of International Financial Crisis on China's Economy and Countermeasures

The subprime mortgage crisis in the United States became a global financial crisis from April 2007 to September 2008,and now it gradually spread to the real economy.Under this situation,it is of great practical significance to make a correct judgment on the development trend of the current international financial crisis,make clear the impact of the international financial crisis and make an intensive study of the formation mechanisms and coping strategies for maintaining China's national economic security.This paper analyzes the reasons for the international financial crisis and points out that the U.S.'s subprime mortgage crisis is the direct cause of the global financial crisis,and the financial globalization just aggravates such a crisis extending rapidly all over the world in a short time.Afterwards,the paper discussed the impact of current international financial crisis on China.Finally,the article elaborated the measures which need to be taken on Chinese current international financial crisis from the angles of government and the enterprises.