financial crisis

来源:百度知道 编辑:UC知道 时间:2024/06/06 05:22:48
what do you think of the financial crisis?
plese answer it in Enlish

Everything has two sides and the financial crisis is not an exception.It may has brought us some benefits but has created some serious problems as well.
As for us Chinese,we may feel some of the effects,but,generally,we are safe.The financial crisis has some advantages,for instance, dollars may become cheaper against the Chinese yuan.This means you will spend less if you study or travel in the US.Also, the price of importation becomes lower,so that we can afford more foreign goods.
On the contrary,it has some cons,too.It does no food to our exportation,because our products are not cheaper any more.What's worse,more and more people are losing their jobs.It caused increasingly concern among people and this phenomenon does harm to our society.

Well. You see, the cause is the real estate sub-credit crisis happened in US last year.

The sub-credit loans are targeted to those people don't have enough funds and have bad credit records, usually these people