世界的运转（Operation of the world）.docVIP

世界的运转（Operation of the world） The operation of the world economy Sino US dual engines drive the world economy At present, the global economy is divided into three camps: the Anglo American, Europe and Japan as the representative of the rich consumption camp, cheap labor camp in China, India and Southeast Asia as the representative, as well as Australia, Africa, Russia and Latin America on behalf of the camp of raw materials. (Xie Guozhong, 2005) and the three camps rely mainly on the two engines of the United States and china. The Americans and the Chinese are very optimistic. No matter how much money you give each of them, it will cost it. Americans tend to spend - baby boomers are hard to understand and spend. China tends to invest - the Chinese have been poor and need to accumulate wealth. With the financial hegemony, the United States has created a large demand for dollar assets in the international financial field. The United States attracts international capital to buy its treasury bonds, and foreign investors do not have to worry about the solvency of the United states. Chinas banking system quickly converted its exports to investment, creating the power to import equipment and raw materials. In order to maintain social stability, China needs to create as many jobs as possible. The state-owned banking system is a tool for the Chinese government to shift export earnings to investment areas to create jobs as much as possible. In the United States as the core of the European consumer camp, Americas strong consumption capacity so that the global economy will not slide into deflation, huge import market has created more demand, huge trade deficit will continue as the world economy has injected liquidity. China state-owned banking system can export income and hot money quickly became a sharp rise in fixed asset investment, fixed asset investment led to the increase of imported equipment and raw materials, the former to Germany and Japan so that the old industrial c