Thursday, April 2, 2009

The Present Situation of Economy

As is known to all, the whole world is covered with the great economic risk at the present time, with a depressed financial system globally.
The world is in the state of unrest, with a great number of people out of work, the trade of the financial market is decreasing and the level of consumption is lower and lower. The GDP of almost all the countries in the world decreased to a large degree this year. However, the terrible economic risk made nearly no awful effect on China. China, with its great economy foundation, is in the state of stabilization all the time.
With the shadow of the last great economic risk during the World War 2, the whole world are trying to deal with the situation in a cautious way, for fear of losing their status in the financial field worldwide. Especially the United State, which is one of the most severely influenced by the risk, is sparing no efforts to rescue itself from the disaster. Obama, the president of the U.S. is doing his best to save those unemployed people and some famous companies facing the risk of breaking up. Because once the risk cannot be solved in time, the citizens will have demonstrations and even uprisings. The result will be terrible without immediate solutions.
In my opinion, facing to such a poor condition, the government should help the financial field, especially the banks. They must support the banks with the raised fund not to make them bankrupt; then open up some public projects to offer the jobs for those unemployed people. It is the best way to rest the whole society.
In such a situation, the strong China should catch the chance to develop its economy increasingly. All in all, it is a benefit opportunity to improve its status in the world.

2 comments:

  1. Yeah, the economy of the world now is not as good as before, but we can have a optimistic attitude towards all the problems we meet now. Maybe after we are graduated from NUS the economy can go out of the gloomy era.
    And best wishes to your major--QF! Keep doing it! good luck!

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  2. Thank you!I think the world will be better tomorrow! Best wishes to you, too.

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