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Thread: What do you think of the Sub-prime Loan Crisis?
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[quote=YVONNE,243586]The sub-prime loan crisis has spread over the world. The stock markets in Hong Kong, Japan, Brazil, Singapore and other countries have been affected. The governments of these nations admit that the sub-prime loan crisis has has effect on their economy. The Economist said that the crisis will last for some time. Maybe the global financial crisis will break. The sub-prime loan crisis also impacted China's stock market. The shares dropped and the QDII products also was influenced. Chinese government should learn some lessons from this crisis. The skyrocketing house price is not a good omen. The government should find some methods to stabilize the house price. Meanwhile, the mortgage loan for buying houses should also be regulated. The purpose is to avoid the bad or non-performing loans. There do exisit bubbles in the real estate in China. The government should keep alert on it.[/quote]
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