Economics Essay代寫范例：Global Financial Crisis That Impact China

Economics Essay代寫范例-全球金融危機對中國經濟的影響。本文是一篇由于本站代寫服務提供的留學生Economics Essay代寫范例，主要內容是講述當資產或金融機構的價值急劇下降時，就會發生金融危機。這通常與投資者從儲蓄賬戶中提取資金或出售資產有關，因為本篇essay預計，如果這些資產或資金留在金融機構，這些資產的價值在未來會下降。以下內容就是這篇Economics Essay代寫范例，供參考，并學習掌握Economics Essay怎么寫。

Financial crisis occurs when the value of assets or financial institutions falls dramatically. It is often related to the investors that withdraw their money or sell off assets from their saving accounts as they expect that the value of the assets will drop in the future if those assets or money are being remained in the financial institution.

There are four types of financial crisis. Firstly is bank crisis. It occurs when the investors suddenly withdraw their capital or deposits from the bank in fear that insolvent will occur. Such situation will cause bankruptcy to bank since further withdrawals are done by investors and bank could not recover their short term liabilities. Secondly is global financial crisis. When there is a sudden speculative attack, the currency of a country will be devalued because the investors dump the currency when they expect that the exchange rate will drop. It will results in the loss of the liquid assets or foreign currency of the central bank. Therefore, the currency collapses. Thirdly is sudden stop in capital flow. It occurs when there is a sudden slowdown or discruption in the supply of external financing firms. When firm borrows in advance to pay for the inputs, the sudden stop in capital flow would result in the drop in aggregate demand and lead to a decrease in output. Lastly is wider economic crisis. Recession occurs where GDP shows negative growth for a period of time. If the situation is prolonged, depression occurs (Claessens, 2013).

本篇essay提出金融危機有四種類型。首先是銀行危機。當投資者擔心會發生資不抵債而突然從銀行提取資本或存款時，就會發生這種情況。這種情況將導致銀行破產，因為投資者進一步提款，銀行無法收回他們的短期負債。其次是全球金融危機。當突然發生投機攻擊時，一個國家的貨幣會貶值，因為投資者在預期匯率下降時拋售了貨幣。這將導致中央銀行流動資產或外幣的損失。因此，貨幣崩潰了。第三是資本流動的突然停止。當外部融資公司的供應突然放緩或中斷時，就會發生這種情況。當企業提前借款以支付投入時，資本流動的突然停止將導致總需求下降，并導致產出下降。最后是更廣泛的經濟危機。當GDP在一段時間內出現負增長時，就會出現衰退。如果這種情況持續下去，就會出現抑郁癥。

One of the factors that cause financial crisis to happen is the expansion of the mortgage lending by individuals. The huge increase in mortgage lending has increased the debts of households. When there is a boom in house sales price, households have to pay high monthly payments and it leads to the soar in mortgage deliquencies. Thus, the mortgage value drops. It would lead to the decrease in lending mortgage by households and investors would slow down the economic growth. Besides, leverage contributed to financial crisis too. When people borrow money to invest, they have the potential to earn more money from the investment but also have the high risks to face bankrupcty. Once people face bankrupcty, it will lead to the fail in payments to others and therefore create financial problems indirectly that link from one to another. The occurrence of financial crisis in one country like United States would have huge effects on economic activities which causes a huge drop in the aggregrate output. Thus, there will be large drops in investment, consumption, production, employment and exports and imports (Claessens, 2013).

Essay認為導致金融危機發生的因素之一是個人抵押貸款的擴張。抵押貸款的大幅增加增加了家庭的債務。當房屋銷售價格上漲時，家庭必須支付高昂的月供，這導致抵押貸款拖欠激增。因此，抵押貸款價值下降。這將導致家庭貸款抵押貸款的減少，投資者將減緩經濟增長。此外，杠桿作用也導致了金融危機。當人們借錢投資時，他們有潛力從投資中賺更多的錢，但也面臨著很高的銀行風險。一旦人們面臨銀行欺詐，就會導致無法向他人付款，從而間接造成財務問題，并將其與他人聯系起來。像美國這樣的國家發生金融危機會對經濟活動產生巨大影響，導致總產出大幅下降。因此，投資、消費、生產、就業以及進出口都將大幅下降。

Economic issue- Global Financial crisis that impact China 經濟問題-影響中國的全球金融危機

The United States subprime crisis that occurred in 2007 has entered into a global financial crisis after the Lehman Brothers bankruptcy in 2008. Economists considered it to be the worst financial crisis since the Great Depression that occurred in 1930. The global crisis has caused world-wide economic downturn and subsequently hit the Chinaa€?s economy very badly. The global financial crisis occured has caused Chinaa€?s GDP to decrease from 13% in 2007 to 6.8% in the fourth quarter of 2008. The industrial production sector growth rate of China has dropped doubled when compared to previous period while many others product sector growth rate has dropped to negative percentage (Yongding, 2010).

2007年發生的美國次貸危機，繼2008年雷曼兄弟破產后，已演變為全球金融危機。經濟學家認為這是自1930年大蕭條以來最嚴重的金融危機。全球危機導致了全球經濟衰退，并隨后打擊了中國的經濟?的經濟非常糟糕。本篇essay認為全球金融危機的發生使中國?中國的國內生產總值將從2007年的13%下降到2008年第四季度的6.8%。與前一時期相比，中國工業生產部門的增長率下降了一倍，而許多其他產品部門的增長速度已降至負百分比。

The fall in the GDP on the fourth quarter of 2008 is due to the rapid fall of the export sector. This is because the major export markets like Hong Kong, Korea and Taiwan have all slipped into recession due to global financial crisis while China is the country that very dependent on net exports to boost its economic growth. In 2007, Chinaa€?s net exports have contributed over 20% of GDP growth (Ming, 2009). However, due to the impact of global financial crisis, the export of China has slowed down significantly because of the weakening of external demand. China as a labour-intensive sector exports great number of unskilled workers from rural areas to other countries. The sudden collapse of export market has caused many export-led private companies in China to close down and result in about 20 million of unskilled workers lossed their jobs (Ming, 2009). Due to this, the unemployment of China has increased. The number of unemployed workers has increased from 12.51 million in the third quarter of 2008 to 21.71 million in third quarters of 2009 (Huijian, n.d). Since many unskilled workers came from rural area with lower education background, they faced the problem of poverty when being laid-offs.

2008年第四季度國內生產總值的下降是由于出口部門的迅速下降。這是因為香港、韓國和臺灣等主要出口市場都因全球金融危機而陷入衰退，而中國是一個非常依賴凈出口來促進經濟增長的國家。2007年，中國?中國的凈出口對GDP增長的貢獻率超過20%。然而，受全球金融危機的影響，由于外部需求減弱，中國的出口大幅放緩。中國作為一個勞動密集型部門，從農村地區向其他國家出口了大量非技術工人。出口市場的突然崩潰導致中國許多以出口為導向的私營公司倒閉，并導致約2000萬非技術工人失業。正因為如此，中國的失業率上升了。失業工人人數已從2008年第三季度的1251萬增加到2009年第三季的2171萬。由于許多非技術工人來自教育背景較低的農村地區，他們在被解雇時面臨貧困問題。

To stabilize the economic growth, government of China has implemented expansionary fiscal policy. In 2008, government has implemented a US$588 billion investment plan for 2009 and 2010. It is one of the world-wide biggest fiscal rescue plans. The plan concerned on increasing the whole output expenditures and cutting taxes. The budget focuses mainly on investing in the infrastructure of China and taxes rebate for exports (Yongding, 2010). At the same time, China Central Bank (PboC) also released loosening expansionary monetary policy to increase the bank lending by reducing the reserve ratio from 17.5% to 13.5%. The interest rate for loan has been cut down to boost consumera€?s spending and borrowing. This has result in the increased in bank loan by 1.62 billion (yuan) in January 2009 (Ming, 2009).

本篇essay指出為穩定經濟增長，中國政府實施了擴張性財政政策。2008年，政府實施了2009年和2010年5880億美元的投資計劃。這是全球最大的財政救助計劃之一。該計劃涉及增加全部產出支出和減稅。預算主要集中在中國基礎設施投資和出口退稅。與此同時，中國央行還發布了放松擴張性貨幣政策，通過將存款準備金率從17.5%降至13.5%來增加銀行貸款?的支出和借貸。這導致2009年1月銀行貸款增加了16.2億元。本站提供各國各專業留學生essay格式范文，essay代寫以及essay寫作輔導，如有需要可咨詢本平臺。