This groundbreaking study of the U.S. financial crisis is centered around five specific points: Analysis on the cause and evolution of the U.S. financial crisis and its impact on the world economy. Examination of the balance between financial innovation and regulation in light of the financial crisis. Impact of the U.S. financial and economic crisis on China s real economy. Evaluation of the effect of China s countermeasures to the financial crisis. This study contributes to deeper understanding of the causes of the the U.S. financial crisis and helps us draw valuable lessons from it. It also contributes to the growing body of research in fictitious economy and economic studies and should be read by anyone with an interest in U.S., China, and global economic affairs.
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