Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)

Causes of the Subprime Crisis and Its Enlightenment to China’s Economy

Authors
Tianyi Wang
Corresponding Author
Tianyi Wang
Available Online 22 March 2021.
DOI
https://doi.org/10.2991/aebmr.k.210319.059How to use a DOI?
Keywords
Causes of Subprime Crisis, China’s economic development, rational consumption, financial supervision
Abstract

The reasons for the subprime mortgage crisis in the United States are involved in this paper. On the surface, it is the result of the Fed’s rate adjustment. In fact, there are many more in-depth reasons for the outbreak. In this article, briefly summarizing the development process, the author carefully summarize the realization that the crisis brought by analyzing the causes of its occurrence and the cause of the crisis. The crisis has inspired us to consume rationally, change the economic growth mode, strengthen financial supervision while financial innovation, and guard against risks, especially in the real estate market.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
22 March 2021
ISBN
978-94-6239-354-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.210319.059How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Tianyi Wang
PY  - 2021
DA  - 2021/03/22
TI  - Causes of the Subprime Crisis and Its Enlightenment to China’s Economy
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 326
EP  - 329
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.059
DO  - https://doi.org/10.2991/aebmr.k.210319.059
ID  - Wang2021
ER  -