美国的次贷危机及对中国的警示与借鉴

文章阐述了美国从2007年上半年开始的次贷危机,分析产生原因,对美国和世界的应对措施进行评述。着重介绍了中国的反应和影响,数据显示,美国次贷危机升级,中国大幅增仓颇令人费解;对中国的影响体现在持有的美国次债账面价值大幅减少,危机引发的美元贬值对我国出口影响较大及弱美元给中国通胀造成压力。作者认为美国次贷危机对中国的警示和借鉴主要是:提高住房抵押贷款质量;防止房地产市场过热;建立信用分级制度;稳健地推进住房抵押贷款证券化进程。

On the American Subprime Mortgage Crisis and its Warning and Hint to China

The article expatiates on the present American subprime mortgage crisis which began in the early 2007,analyses its coming cause and also makes some comments on the dealing tactics from US and the world over.This paper mainly introduces the reaction and affection from China.Figures show that the present American subprime mortgage crisis growing more and more serious but the increasing stock holding in a large scale in China is really hard to understand.The impact of such crisis to China is embodied in the shrinking value on the held stocks of American subprime lending,the sharp influence of American dollar depreciation to China's exporting business,and the great pressure caused by weak American dollars to China's inflation.The paper relates that the main warnings and hints from the present American subprime mortgage crisis are as follows:we should increase the mortgage quality and prevent the overheating property sector and establish grade-divided credit system and push forward steadily the mortgage asset-securitization.