effect of the international financial crisis on china给个 英文的 简短 回答 就 好

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effect of the international financial crisis on china给个 英文的 简短 回答 就 好
effect of the international financial crisis on china
给个 英文的 简短 回答 就 好

effect of the international financial crisis on china给个 英文的 简短 回答 就 好
As the financial crisis in the United States spreads around the world,China appears to be safe.With government-owned land,higher quality mortgages,a closed financial system and huge foreign exchange reserves,the country is unlikely to face a similar economic crisis.
First,slumps in real estate values,which directly triggered the current credit crisis in the United States,aren't likely to occur in China.In China,the government owns the land,not Chinese homeowners.A homeowner simply buys the right to use the land for a certain period of time.

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