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China's gradual integration into the global financial system, the economic development model is still export-oriented, the total import and export value of more than 60% of GDP, in the United States National borrowing to end the pattern of consumption, "made in China" will be affected. So, the financial crisis across the ocean will drag China into the water? Experts believe that the financial turmoil will impact on China's economy from two aspects of market confidence and external environment. impact 1, ? U.S. consumption decline affects China's export the collapse of Lehman brothers and Merrill Lynch was acquired and since the beginning of the crisis of the past year down, many experts, this event is only a spray on the whole process of the crisis, should not be viewed in isolation, the continuation of its impact on the Chinese economy is actually the subprime crisis on the macro China the economic impact. financial research by the World Academy of Social Sciences, the world economic and political research deputy director Zhang Bin said in an interview with this reporter, to understand the impact of the crisis on China from the two aspects of import and export. export, we can predict that the external environment of China's macro economy will be more severe due to the financial turmoil sweeping through Wall Street. The General Administration of customs import and export data show that the first 8 months of this year, an increase of China's foreign trade exports slowed down the trend is obvious, because the United States is the largest export market for Chinese goods, once in the 6-7 month at high Chinese export growth will encounter challenges, Zhang Bin said that the decline in external demand means that foreign consumers for high the added value of products and low value-added products decreased demand at the same time. In such an environment, exporters may not be motivated to innovate, but are forced to maintain market share by lowering their prices, which could lead to further deterioration in the terms of trade for Chinese exporters. Zhang Bin analysis, affected by the financial crisis, the U.S. economy still may decline in the second half of the year, leading to its national consumption ability and desire to continue to reduce, while investment spending will increase, "the China of foreign trade)