Tuesday, December 14, 2010
China and Japan to save the U.S. financial crisis?.
<P> Outbreak in the U.S. financial crisis shook the world. .This economic crisis in the 1930s compared to the world, larger, broader impact. .No wonder the former U.S. Federal Reserve Chairman Alan Greenspan surprised and said: "This is the only one of a hundred years of financial crisis." </ P> <P> U.S. banks, finance and securities companies have closed down and face closure. .In order to stop the U.S. financial system collapsed, the U.S. government formulated the mobilization of 700 billion U.S. dollars bailout plan. .As a result, the U.S. financial crisis seems to see the dawn, but the day of the New York Stock Exchange or the crash. .This shows that the market is also pessimistic about the U.S. economy, that this bill does not date. .</ P> <P> In fact, the United States has long twin deficits (fiscal and trade deficits) and continue to accumulate and increase, so that the United States as the world's largest debtor. .Meanwhile, the U.S. national savings rate and very low and the family economic income and very uneven. .</ P> <P> the United States through the above-mentioned programs, will turn a lot of paper money printed by the issue of government bonds and bonds thrown out, while China and Japan is the ideal large customers. .</ P> <P align=center> China and Japan are two major creditors </ P> <P> China and Japan is the world's number one foreign exchange reserves and several two big countries. .Foreign exchange reserves amounted to 1 trillion 800 billion U.S. dollars and 15.6 billion 1 trillion zero. .U.S. foreign currency reserves is very low, only 59.5 billion U.S. dollars (less than Taiwan, Hong Kong and Korea economies). .Clearly, the U.S. foreign exchange reserves, since the financial crisis can not be a big emergency role. .</ P> <P> China and Japan are two major buyers of U.S. Treasury bonds were issued U.S. Treasury bonds held by 13% and 19%. .For many years, China and Japan have become America's most important creditor. .</ P> <P> then the national capital and national financial assets, the status of Chinese and Japanese situation. .</ P> <P> filling China's domestic capital flows, coupled with the expected appreciation of the renminbi and the large inflows of speculative capital, China's capital markets with excess liquidity status. .In addition, with a substantial increase in trade surplus, and the further growth of foreign exchange reserves, China has a major push into the U.S. market. .</ P> <P> U.S. presidential candidates John McCain and Barack Obama have been to remind the world, said: "The United States already owes China 500 billion dollars" and "China already has a trillion dollars in U.S. debt." .</ P> <P> Japan's national financial assets (deposits, bonds and stocks) is expected up to 1536 trillion yen (It is estimated that the formal U.S. financial crisis happened so far, Japan has lost up to 128 trillion yen). .Today, in Japan, the central government has not set up as the main government funds. .This means that Japan is inclined to rely on private financial and securities institutions and enterprises to expand overseas investment activities. .</ P> <P> Japan's big banks and securities firms holding a large number of U.S. housing finance debt, amounted to 15 trillion yen. .Recently, the Bank of Japan (semi-official semi-public bank) has agreed to provide 120 billion U.S. dollars to the U.S. government. .Other representative of Japan's banks and financial institutions, but also provide substantial funds to purchase and were funded U.S. companies. .</ P> <P style=MARGIN: 0px> the future, filling the capital with the Chinese government and government funds, and have high financial assets of Japanese nationals will be through large banks and securities firms more actively into the U.S. market, which .will be on shaky U.S. financial system to provide strong support. .</ P> <P style=MARGIN: 0px>.
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