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wholesale jewelry cleaning supplies Hello, if the problem of US debt is not properly resolved, it will directly affect the world economy and even trigger a new round of global financial crisis. The US dollar world reserve currency status and the first position of the US economy and trade in the world determine that any fluctuations in the US economy will have a huge "overflow effect" to the world economy. Once U.S. Treasury bonds are defaulting, the rating agency has reduced AAA credit rating, which will inevitably lead to the turbulent financial market, the stock market and futures market have fallen sharply, increasing the willingness of liquidity avoidance in the United States and even the United States. This will not only seriously crack down on the world economy that slowly recovers, but also intertwined with the European sovereign debt crisis, which is likely to trigger a new round of financial crisis.
If so, it will have two major impacts on emerging market countries, especially China:
First of all, the foreign demand in the United States and even Europe has dropped sharply, which will increase the special market for emerging markets. It is China's potential economic risk. Since the second half of last year, one of the reasons for the continuous recovery of China's economy is the sharp decline in exports and the negative impact of RMB appreciation on the economy. If foreign demand declines sharply due to US debt defaults and downgrade, it will undoubtedly make Chinese export companies, especially the dying small and medium -sized enterprises, which will have an important impact on the Chinese economy.
If is influenced by the economic turmoil in the United States and Europe, international liquidity avoidance is enhanced. Either enter the field of precious metals such as gold to avoid risks, or enter emerging markets for speculative opportunities. Of course, China is one of its goals. The inflow of hedge funds will exacerbate China's high level of inflation. Therefore, economic impact and high inflation are the two major influences of the US debt crisis on China.
of course, as the largest overseas holder of US debt, China may also face the risk of shrinking loss of US debt assets or increasing expires. However, it should be noted that the United States has reached a legal debt of $ 14.29 trillion, and most of the holders are in the United States.
It, from the perspective of "voting politics" or from the perspective of US economic credit, the US government will not let it default. Otherwise, Obama is not only difficult to stand in China, but also threatens the international reputation and status of the United States.
, the "trouble" of the United States reminds China that foreign exchange reserves should not be concentrated in the basket of US Treasury bonds, but should be shifted to other investment assets in the United States and the world. For China, the primary task is to respond to the impact of US debt defaults or credit rating on economy and inflation. Countermeasures include: inhibit the unlimited appreciation of the renminbi, maintain the stability of the exchange rate; the implementation of measures such as large tax cuts (including reducing import and export tax rates) and other measures.