Abstract
Ever since the U.S. financial crisis evolved from a subprime mortgage problem, it has had a systemic impact on the international financial system and global economic growth. As of the end of September 2012, the impact of the most serious systemic financial crisis since the Great Depression was still deepening. The financial tint of the U.S. financial crisis has faded, and its impact has gradually been transmitted to the trade and growth of various economies, the health of public sector finances, global economic rebalancing and other more fundamental sectors. We have entered a post-crisis era where the impact on international financial markets and the global economic system is more substantive.
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Notes
- 1.
Source: General Administration of Customs import and export data for August 2012, September 10, 2012.
- 2.
Source: China Construction Bank 2012 Interim Report, August 26, 2012.
- 3.
Source: China Trust Industry Association website.
- 4.
Source: Bloomberg.
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He, D. (2016). The Impact of the Global Financial Crisis on China’s Financial Security. In: Financial Security in China. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-10-0969-3_1
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DOI: https://doi.org/10.1007/978-981-10-0969-3_1
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