9 real estate
net release in February 2007, the United States, the second largest loan-to-meeting - New Century Financial announced 2006 first quarter results will be 4 losses U.S. loan crisis meeting on the horizon. In the following year, the loan-to-time overall exposure to risk, from the United States of "two rooms" of the crisis, to file for bankruptcy Lehman Brothers, Merrill Lynch acquired, the largest U.S. insurance company AIG has been on the brink of bankruptcy injection of 850 Billion dollars to save, and then to the global stock markets continued to fall, triggered by the sub-loan credit risk eventually turned into a global financial crisis.
After the outbreak of the crisis, the world's central banks to take joint action to cut interest rates sharply in the money market at the same time to inject a large scale. But the financial crisis to the inevitable transfer of the real economy, the world's economic growth slowed down significantly. The European Commission recently released economic forecast report, by the financial crisis, and the European Union next year in the euro zone economic growth will be only 0.1 percent and 0.2 percent; in the major EU member states, the United Kingdom next year will be a 1% negative growth in Germany and France Zero growth will occur. U.S. Department of Commerce released preliminary data showed U.S. gross domestic product emergence of the first 3 quarters of negative growth of 0.3 percent for 2001 since the first quarter, the biggest drop in 3; expected first quarter U.S. GDP to shrink 4 will be further exacerbated by the extent of the economic situation of negative growth or Continue into early next year, next year or the unemployment rate from the current 6.1% to 8%; recession in the U.S. economy and is likely to exceed the duration of 2001 and early 1990's recession twice. In addition, the Bank of Japan forecast for next year's economic growth rate may be zero or negative value.
American financial crisis on China's real estate market, primarily through the effects of macro-economic growth for conduction. World economic growth has led to China's external demand and falling enterprises, investment willingness and ability to drop in consumption and thus constraining growth, economic growth, increasing downward pressure. 3 quarter, China's exports 1,074,100,000,000 U.S. dollars, an increase of 22.3 percent, export growth than the same period last year, down 4.8 percentage points, to reduce the trade surplus of 47 million. 3, the first quarter of China's economic growth rate down 2.3 percentage points, 1.2 percentage points from the slowdown in exports, 3-quarter of China's GDP growth was only 9%. The growing global financial crisis from the investment, consumption, export, directly or indirectly, in three areas affecting China's economic growth, China's economic cycle overlap adjustment led to the rapid economic growth in the short-term downside risks exist, bring people's income growth decline and rising unemployment, Stock market wealth, real estate entrepreneur confidence index dropped sharply (3 for the quarter fell to 96.4 the following 100), will continue to adjust to the real estate market.
American financial crisis on China's real estate market, can also be expected to have a role. After the outbreak of the crisis, not only the United States, Asia and Europe but also in other major developed countries, housing prices are a bubble burst, there has been a global real estate market adjustment. The main countries of the deterioration of the real estate market effect on economic growth and a diminished confidence in, look forward to further downward adjustment in house prices, and so will the real estate market is expected to form a stronger adjustment in the future to adjust the desired change can only rely on a strong macro - Macro-economic control policy and clear up the trend. (Source: Network and hearing)