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The Influence and Inspiration of American Subprime Mortgage Crisis on Chinese Economy

Huang Li-xi

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Abstract

The subprime mortgage crisis, which sweeps across the whole world like a tornado, has unavoidable influence on Chinese economy. Starting from the procedures and reasons of the formation of the subprime mortgage crisis, this paper expounds the influence of the subprime mortgage crisis on Chinese economy, and puts forward some countermeasures for preventing the subprime mortgage crisis.

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What this paper is about

The subprime mortgage crisis, which sweeps across the whole world like a tornado, has unavoidable influence on Chinese economy. Starting from the procedures and reasons of the formation of the subprime mortgage crisis, this paper expounds the influence of the subprime mortgage crisis on Chinese economy, and puts forward some countermeasures for preventing the subprime mortgage crisis.

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Available abstract

The subprime mortgage crisis, which sweeps across the whole world like a tornado, has unavoidable influence on Chinese economy. Starting from the procedures and reasons of the formation of the subprime mortgage crisis, this paper expounds the influence of the subprime mortgage crisis on Chinese economy, and puts forward some countermeasures for preventing the subprime mortgage crisis.

Key concepts: Subprime mortgage crisis, Subprime crisis, Secondary mortgage market, Collateralized mortgage obligation, Financial system, Business, Financial crisis, Mortgage insurance

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