21 February 2009 the United States by the Research Center of Fudan University and Research Centre, Pudong, jointly organized by the United States, Hospital, Fudan University, Jiaotong University, Shanghai International Studies and other units of nearly 20 political science, economics and sociology experts presented their insights. As the U.S. financial tsunami triggered by the outbreak of the Sino-US relations of the great concern at home and abroad, the following is revealed in this humble draft the content of my speech at the meeting, just to play the role of an initiate, the purpose is to raise public awareness on this issue and future cooperation between China and the dispute has caused a high degree of attention, which not only closely linked to national interests and personal interests, but also related to the sustainable development model of the world economy and to maintain harmony and stability and other major regional political and economic issues.
borrow the ; standard Reflection:
First of all, the abuse of American financial innovation, so that the majority of U.S. power and led to the full confidence of the international monetary system.
Second, the United States to implement economic and financial globalization, the development of ideas, in the U.S. monetary system led to the pattern of economic imbalances, the more the world to push deeper. particularly U.S. technical innovation in 1999 when the world economy, this strategy leads blocked, the United States, the rapid development of financial innovation has withdrawn from circulation a large number of international capital, but does not appear because the IT bubble caused by the collapse of deep recession the U.S. economy, thereby increasing the breeding and the American public overdraft consumption patterns caused by the abuse of financial innovation and the continuous expansion of the bubble dollar debt. Thus, in the absence of international co-regulatory mechanisms and policy constraints, the World economic imbalances are the hidden pattern of the outbreak of the global financial crisis is sooner or later.
Third, technological innovation bubbles, burst bubbles to financial innovation and the burst, we can easily find the U.S. government's sacrifice the interests of his country! Thanks to this strong and bold policy to support the market (such as, housing policy, industrial policy, monetary policy and even military policy, etc.), the United States today is already one of the world's most energy chain to create wealth two high-end position: First, product design and development to give the the United States out of the > In short, the United States, the two high-end, and form a mutually reinforcing effect of the promotion. until this modest means tax but everywhere on the action can be preoccupied with the large foreign trade war to fight.
Thus, from these deep reflection, people will naturally have the current world economic situation made a lot of dissatisfaction with the complaint and explore new country road: < br> First we will reflect on the question, what exactly is the meaning of globalization? according to the U.S. to explain the concept of advocacy, it should be the biggest benefit of developing countries, then why in the context of globalization, crises, always developing countries suffer the most. the United States triggered a global financial tsunami impact on the U.S. itself is far less than other countries in crisis have been hit by the outbreak. Specifically, we do not see the United States emerged as a large capital flight and let the U.S. economy into a recession out of control situation, on the contrary, South Korea, Russia and Eastern Europe and other countries mm which accept the their economy has been an unprecedented hit. even in Japan and some European countries also suffer badly mm reflect on their own terms because the dollar investment and trade-oriented monetary system is too dependent, but can not get rid of problems of this crisis, to and the This time, Clinton's visit to China to ask the Chinese government to further holdings of U.S. Treasury bonds are one of the global strategy for the U.S. government's ! national sentiment aside, her advice could really come from the U.S. government today, the Chinese government has never ; brand It will not fundamentally change China's economic competitiveness and improve China's ability to withstand external shocks. Therefore, the establishment of Sino-US strategic relationship not only in the maintenance of unilateral U.S. led the U.S. monetary system on their own interests. Recently, the internationalization of RMB the process of the energetic efforts of the Central Government is to begin an orderly start, but also our country's trade from the simple rule of high-end services to the country strategy for the strategic transformation of a specific program. We can not expect it to be too soon for the Chinese economy to embark on a new model, get rid of the negative impact of a U.S. recession, but its strategic significance and insight are far more than the present stage of economic development, leaving limited room for maneuver.
Third, China Government should pay attention to what? When the world countries are dependent on the degree of adjustment on the United States and the United States and explore their own the United States will use their strengths and the two high-end U.S. dollar remains in the leading role of the monetary system, the initiative to not accompanied by internationalization of the RMB, close to the United States occupied by two high-end edge, it will affect future sustainable development of China's economic model. If time, cost and demand factors such as point of view, we are not sure to do a short time catch up soon, then we should pay great attention to the movements of the U.S. standard, for example, new energy, such as setting emission standards, because if we pay attention to such standards with changing business trends and market trends, on the contrary, just their own of crude oil, iron ore and other industrial inputs increase strategic reserve elements, and satisfied with the existing industrial production model, then we may as US-led loss of competitiveness and wealth creation capability. In this sense, today's new energy industry may be greater than the real estate recovery plan more far-reaching recovery plan.
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