Comparative Study Of Measures Between Foreign Country And China To Tackle Financial Crisis

In 1930s, as the world economic and financial globalization, integration, countries have gradually opened the country at vary degrees, to the world. It breaks the original isolated situation of the international financial markets, and economic and financial aspects have closer relations. As the financial crisis is easily contagious, as long as one country breaks financial crisis, it affects more than just their financial markets. If the crisis worsened, other countries will be gradually spread and evolve into a global financial crisis .Therefore, as financial globalization and integration process, globalization of financial risk, financial crisis, is gradually strengthening.In 2007, U.S. subprime mortgage crisis erupted, and quickly spread to the United Kingdom, Japan, Europe and other developed countries, and sweeping China and other developing countries, eventually evolved into the global financial crisis. It impacts global economic and caused global economic growth slowing down. It spread very wide scope, and its destruction efforts and impact is more than Southeast Asian financial in 1997. After the outbreak of the subprime crisis, the United States, Europe, the United Kingdom, Japan and other countries move quickly to a rate cut, inject to the market, reduce taxes, increase public spending and other fiscal and monetary policy measures to address the financial crisis and to reduce impact of national financial systems and the economy .China's financial market is fully liberalized yet, and there are capital controls. The international financial crisis did not affect China directly, but indirect effects of China's real economy is very large, so China has adopted an expansionary fiscal policy, monetary policy and other economic policy measures to reduce the impact of the crisis on China ,expand domestic demand and promote economic growth.The main purpose of this paper is obtaining effective control of financial risks, prevent, respond to a major financial crisis by cooperating and anglicizing various policy measures taken by China and the United States, Britain, Europe, Japan and other developed countries to address global financial crisis and promoting economic development. This paper analysis the reasons of the crisis caused by the U.S. subprime mortgage crisis and the influence on United States, China and the world. It focuses on fiscal policy , monetary policy and other policy measures used by china and foreign countries and the comparative analysis the policy measures. It concluded an important inspiration of effective controlling financial risks, preventing and responding to the financial crisis...