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

DOI

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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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  - 10.2991/aebmr.k.210319.059
ID  - Wang2021
ER  -