Similarities and Differences of the Rescue Policy between China and America

• 作 者: 崔蔷
• 机 构: 沈阳师范大学渤海学院07级英语系,
• 出 处: 时代教育(教育教学)
• 发表日期: 2011年01期
• 关键词: Rescue plan China and United States Similarities and differences

The U.S. subprime crisis happened in 2007,and within the next two years,the financial crisis expanded to the global financial crisis rapidly,and also caused the rare Great Depression of the global economy.China was influenced by the crisis deeply,and both GDP growth rate and employment rate suffered from decline in unusual extent.In order to deal with the serious adverse effects caused by such subprime crisis,Chinese government introduced the rescue plan which was up to 4 trillion Yuan in the late 2008.To contain the further spread of the economic crisis and the greater harm to the national economy,the United States and other state governments “rescue the market” in succession.

The US subprime crisis happened in 2007, and within the next two years, the financial crisis expanded to the global financial crisis rapidly, and also caused the rare Great Depression of the global economy. China was influenced by the crisis deeply, and both GDP growth rate and employment rate suffered from decline in unusual extent.In order to deal with the serious adverse effects caused by such subprime crisis, Chinese government introduced the rescue plan which was up to 4 trillion Yuan in the late 2008.To contain the further spread of the economic crisis and the greater harm to the national economy, the United States and other state governments “” rescue the market "in succession.