关于经济的英语演讲稿范文 .docxVIP

全文可编辑word文档 页眉与背景水印可删除 PAGE PAGE 1 关于经济的英语演讲稿范文  　　Before the implementation of reform and opening-up program pioneered by Mr Dengxiaoping in 1978,China was undergone a serious Recession.Even the country leaves not much discretionary money and therefore our people are in a tight corner.However,after those span of time,China has expierenced a profound transformation never seen in China before. 　　China has identified the goal for the first 2years of this century.That is to firm seize the important window of statigic opportunities to build a moderately prosperous sociaty of a higher standard in a all-round way for the benefits of our over one billion people. 　　What Caused The Financial Crisis? I think we can sum up the cause of our current economic crisis in one word GREED. Over the years, mortgage lenders were happy to lend money to people who couldn t afford their mortgages. But they did it anyway because there was nothing to lose. 　　These lenders were able to charge higher interest rates and make more money on sub-prime loans. If the borrowers default, they simply seized the house and put it back on the market. On top of that, they were able to pass the risk off to mortgage insurer or package these mortgages as mortgage-backed securities. 　　Easy money! and what went wrong with our financial system? The whole thing was one big scheme. Everything was great when houses were selling like hot cakes and their values go up every month. Lenders made it easier to borrow money, and the higher demand drove up house values. Higher house values means that lenders could lend out even bigger mortgages, and it also gave lenders some protection against foreclosures. All of this translates into more money for the lenders, insurers, and investors. 　　Hi, everybody. 　　At a moment when our economy is growing, our businesses are creating jobs at the fastest pace since the 1990s, and wages are starting to rise again, we have to make some choices about the kind of country we want t