Holiday Social Practice Report: Understanding the Financial Crisis

Holiday Social and Social Practice Report: Understanding the Financial Crisis

1. What is the financial crisis?

The financial crisis, also known as the financial turmoil, refers to the sharp, short-lived and super-periodic deterioration of all or most of the financial indicators of a country or several countries and regions.

2. The situation of the financial crisis in XX:

The financial crisis of XX, also known as the financial tsunami, the credit crisis and the Wall Street tsunami, is a financial crisis that began to emerge on August 9, XX. Since the outbreak of the subprime mortgage crisis, investors have begun to lose confidence in the value of mortgage securities, triggering a liquidity crisis. Even if the central banks of many countries inject huge amounts of money into the financial market, they cannot stop the financial crisis. Until XX, the financial crisis began to get out of control, and led to the closure of many large financial institutions or the government to take over.
3. The impact of the financial crisis on China:

The decline in US consumption affects Chinese exports;

Increase the cost of domestic imports;

Reinventing confidence in the domestic financial market;

Direct losses to domestic financial institutions;

4. How does China respond to the financial crisis?

● Increase investment and optimize investment structure:

China is not yet a complete export-oriented country. The negative impact of the international economic recession on China’s exports is not enough.

Shake the foundation of China's economic development and economic growth. Therefore, China must increase investment and optimize investment structure.

● Focus on expanding consumer demand, especially consumer demand:

The development of China's consumer market and its prospects for economic growth are huge. The consumption and employment of new populations will promote economic growth. At the same time, China

In the process of rapid urbanization, the annual urbanization population is about 10 million, and its role in stimulating the economy is very obvious. and

With the development of China's economy and the improvement of the income level of residents, Chinese residents are upgrading their housing, automobiles, clothing, tourism, entertainment and leisure.

Fees have become an important consumption content for more and more families, and there is also huge market space for upgraded consumption.
● Promote the stable and healthy development of the real estate market:

● Strive to maintain steady growth in exports;

● Focus on improving corporate quality and market competitiveness;
● Do a good job in financial and financial work:

China's financial situation is good, China has strong fiscal adjustment capacity, has a financial basis for implementing a proactive fiscal policy, and earnestly earns financial resources.

Political work is the main task of China's response to the financial crisis.
● Actively promote key links and key areas reforms.