1924 the root of the financial crisis is that the current financial turmoil in the United States has finally evolved into a crisis, which is caused by a price bubble, which is mainly reflected in the real estate market. The United States shifted the problem to financial derivatives and confused the concept. The fundamental problem is the excessive expansion of the real estate bubble, which eventually leads to uncontrollable situation.

1, the progress of science and technology and the improvement of productivity in the United States have led to rapid economic development, but its economic development to a certain stage is supported by rising prices. It is precisely because of this subtle difference that once there is a problem in a certain field, the whole price system will collapse.

Dr Shi Huihong, a researcher at capital university of economics and business Financial Policy Research Center, believes that the root of the financial crisis lies in the American financial mechanism, that is, credit derivatives. The principal and interest of ordinary bonds can be expected. After the derivative, the principal has changed and the interest rate has also changed. If the interest rate can be linked to the exchange rate, then the interest rate can be linked to many factors, which will further expand the risk. Especially in futures, the interest rate is high, and the amount of losses becomes astronomical, which makes the whole economy divided into two poles, one is profiteering, the other is huge loss, and the economic system cannot be balanced.

Talking about the impact of the current financial crisis on China's economy, Yucheng Hou believes that its main negative impact lies in China's foreign trade export and financial sector, but from another perspective, this crisis may be a huge opportunity-forcing China's export structure to upgrade, which requires the macro-decision-making level to provide a buffer opportunity for small and medium-sized enterprises and large exporters in China.

2. Lian Jie, investment manager of the investment management headquarters of china galaxy Investment Management Co., Ltd. said that in the current environment where China's independent motivation is not sufficient, the living environment is getting worse and worse, and stronger enterprises can only be born in the process of industrial upgrading and industry alliance. On the other hand, industries supported by rigid domestic demand are very worthy of attention. Our current domestic demand growth is not fast, but this growth is basically rigid and will not suddenly become negative growth, such as agriculture and fast-moving consumer goods, which have good investment opportunities.

Under the current economic situation, we can pay more attention to domestic demand on the basis of stabilizing or minimizing the impact of exports. From the recent Party Congress, we can find that starting domestic demand or creating domestic demand may become the main economic policy direction of China in the next stage. For agriculture and even the whole field related to agriculture, it may be a point for China to strengthen the development of domestic demand in the future. In the next step, China is likely to give appropriate support and promotion to the science and technology industry. On the one hand, it will develop the foundation of science and technology, on the other hand, it will try to create new consumption hotspots from this field.

For the transformation of small and medium-sized enterprises, on the one hand, we can rely on our own strength, on the other hand, we also need to rely on external forces. Some governments should be responsible for external forces. Whether abroad or at home, the development of small and medium-sized enterprises often needs corresponding government policies, otherwise they will be very passive in the competition with large enterprises. Yucheng Hou believes that small and medium-sized enterprises must proceed from their own development, and cannot pin their development hopes entirely on the country. Whether it is domestic or international, it is normal for enterprises to survive the fittest.

3. When China enterprises broke through the financial crisis, they said: Under the current situation, small and medium-sized enterprises should actively expand other markets outside the United States, including African markets, European markets and even Asian markets. Through crisis training, they will improve their competitiveness with international enterprises and their ability to explore the international market, and constantly improve their own strength. The pace of progress can't stop, and the opportunity will eventually come.