The Influence and Inspiration of American Subprime Mortgage Crisis on Chinese Economy
Huang Li-xi
Abstract
Huang Li-xi
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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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