BDI And Shanghai Composite Index-related Research In The Financial Crisis

From 2007 to 2008,with the effects of the United States' sub-loan crisis expanding, the bankruptcy of the world's leading investment banks has led to the panic in financial markets,then set off a global financial tsunami which hasn't been seen for a long time. From then on,the better prospects of the world economy for development came to a standstill and into a recession.As a part of the world economy,Chinese economy in growth has been seriously affected inevitably.The performance of Stock market is particularly evident:the "red" luck in 2007 can not be continued,the bubble of market burst as well.During 2008,the Shanghai Composite Index had broken 3,000 points,and 2000 points,down to 1665 points.At the same time,as a benchmark of the shipping market,BDI has experienced a brilliant progress first,but ultimately close to the lowest position 663 points in the end of the year 2008.Based on the same incentives - economic prosperity,BDI and the Shanghai Composite Index rose by different degree;and based on another same incentive - financial crisis,both fell in various degree.The similar direction of change implies that the correlation between BDI and Shanghai Composite Index.So the paper aims to confirm the existence of this correlation from both quantitative and qualitative aspects.The study has important practical significance whether to the outlook of the world shipping economic,or of the Chinese maritime economy.In this paper,firstly,we analyzed the factors which impact BDI Index and the Shanghai Composite Index,and found the model of the correlation analysis used:Then the article selected weekly average of BDI and the Shanghai Composite Index from 2007 to 2008 as a sample of empirical research data.Firstly,through the observed trends chart,then use statistical analysis methods,such as scatter plots,correlation coefficients, the validity tests,revealed the correlation between BDI and the Shanghai Composite Index.Finally,according to daily data analyzed the highest point of the year,the lowest point and some important turning point,to enrich the results of quantitative analysis, and concluded with the reasons of the relevant statistical results.