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When will the financial crisis end?

The financial crisis has spread all over the world, affecting China. Part of the country's foreign exchange reserves are lost, making it difficult to export. Economic growth slows down, unemployment increases, people's income declines, consumption decreases, and the market is depressed. If it is serious, it will cause political instability. Compared with European countries (such as Detroit Motor City), the financial crisis has little impact on China, because China's economy has been divorced from the international economy. China's RMB is strictly managed under the capital account, and the impact of international hot money is not great. At present, more than 70 banks in the United States tend to close down. China's financial system is operating well and its economy has maintained a certain growth. At the same time, the state is also taking measures such as expanding finance, reducing the deposit reserve ratio and stimulating domestic demand of 4 trillion yuan. Now, the RMB exchange rate has been lowered. If all macroeconomic measures are effectively implemented, it will take China about 1 year to alleviate it. According to the current economic data, it will improve after May, and the international growth time will be longer. It will take at least three years to ease, and the economy will ease after three years. Because the next financial crisis will spread.