Experts say two recessions in U.S. economy is a challenge for China

Experts believe that the U.S. economy and China's economic policy has a certain degree of linkage, as China's second largest market, the U.S. economic recession for China is a challenge to the "Caixin Network" (reporter Xu Yu), the United States dollar fell continuously, once close to three months of low　　, while US investment banks such as Goldman Sachs have lowered their forecasts for the US economy.　　The unemployment rate in the United States remained at a high level of 9.5% in July, according to the latest figures released by the U.S. Department of Labor on August 6.　　Will the U.S. economy have a two dip, and what will be the impact on the global economy and the Chinese economy? August 12, by the financial and new media and the first financial partnership to create a television program "Caixin?"　　Chief comment, Shen Jianguang, chief economist of Mizuho Securities Greater China, and Shao, director of the American Economic Research Center of the Chinese Academy of Social Sciences, discussed this.　　Shen Jianguang says the real unemployment rate in the US may be higher than the figure of 9.5%, which requires a better way to stimulate the next step, not blindly.　　Shao said that the real estate-triggered financial crisis in the United States and even the world has not ended, the United States the entire financial banking system is broken, and stimulus is to solve the problem of the banking system.　　The Fed's first beige book, released at the end of July, showed that the US gross domestic product grew at an annualised rate of 2.4% per cent in the two quarter, below the 2.5 level previously expected by economists, amid a continuing slump in the domestic housing market.　　In response, Shen Jianguang said the effects of income and wealth were very important in US consumption determinants, and that it was difficult to increase consumption in the second half of the year in a shrinking wealth effect, and it would be difficult to keep the US economy growing more than 2% to 3%.　　Affected by the downturn in domestic economic data, the dollar index oscillation downward approach to the 80 dollar pass, according to the Exchange trading center of the inquiry system at 6.7689, the previous week's closing price is 6.7733, down.　　Shao that the depreciation of the dollar would be an irreversible trend in the long run as the US trade deficit was too big.　　China is a relative surplus country with the United States, this development of the United States will have any direct impact on China? Shao said, the U.S. economy and the Chinese economy is you have me and I have you, both sides have common interests.　　If the dollar continues to fall, exports to China are very unfavourable, and the sharp rise and fall are not conducive to the stability of China's economy, and the recovery of the U.S. economy will have a very positive impact on China. Shen Jianguang said that after we saw the recession in the United States, its main recovery momentum in overseas markets, in this case, China is a challenge, after all, a large market will affect the future of our exports.