实体经济受损 国际金融动荡——美国次贷风波及其对我国经济金融的警示

The Caution from U.S. Subprime Crisis

2007年3季度次贷风波爆发以来,美国房地产市场、信贷市场、债券市场、股票市场以及美国经济本身在长期发展中堆积的大量风险在相互传染中集体释放,对美国消费、投资和贸易增长带来了较大负面影响,美国经济周期由此从复苏阶段滑向放缓阶段,世界经济增长和国际金融稳定也受到不确定性显著增强的较大冲击。虽然次贷风波对中国经济与金融市场的短期影响有限,但也给中资银行带来了一些警示,值得我们引以为戒。

Since the outbreak of the subprime crisis in 2007, the accumulated risks embedded in different kinds of markets in United States had been interactively triggered. Its negative impact doesn’t confine within the United States but also jeopardizes the world’s economy growth and international financial stability. On the other hand, it provides a lesson for Chinese-funded banks as a caution.