全球金融危机对秋交会的影响及应对策略学位论文.docx
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全球金融危机对秋交会的影响及应对策略学位论文
Abstract
ChinaImportandExportFair(CantonFair),establishinginthespringof1957inGuangzhou,hasahistoryofmorethan50years.TheCantonFairisacomprehensiveinternationaltradeeventforthelongesthistory,thehighestlevel,thelargestscale,themostcompleteexhibitvariety,thebiggestbuyerattendance,thebroadestbuyerdistribution,thegreatestbusinessturnover,andthebestcreditstandinginChina.
In2008,theglobalfinancialcrisis,whichwasformedbysubprimemortgagecrisisresultingfromhousingmarketbubbleoftheUnitedStates,sweepsacrossallovertheworldlikeatornado.What’smore,thecrisisspreadquicklyfromUSAandEuropetothewholeworldandhasatrendofsharpeningmore.Asaresult,aglobaleconomicslowdownandprofitsdownturncannotbeavoideddefinitelybecauseoftheexpanding.Ontheotherhand,notonlyoccidentcountriesanddistrictsbutalsoChina(thesocalled“globaleconomysafeharbor”)hasnotescapedfromthecrisisnarrowlyandluckily,sodoestheCantonFair.
Inthisthesis,theauthorwilltrytoreasontheimpactofglobalfinancialcrisisonthe104thsessionChinaImportandExportFairanalyzetherootcauseofthecrisisandtheglobalresponses,resultingtotheturndownofvisitors,turnover,buyersandsoon.Intheend,theauthorwilltrytopurifysomeeffectiveusefularrangementstoreduceimpact.
Keywords:
financialcrisis;impact;CantonFair;arrangements
中文摘要
中国进出口商品交易会,俗称广交会,创办于1957年春季,每年春秋两季在广州举办,迄今已有五十余年历史,是中国目前历史最长、层次最高、规模最大、商品种类最全、到会客商最多、成交效果最好的综合性国际贸易盛会。
2008年,由美国房地产市场泡沫破裂造成的美国次贷危机引发的金融风暴席卷全球经济,从美国、欧洲逐渐向全球蔓延,并且有进一步加深的趋势,由此引发的全球经济增长放缓和盈利滑坡将不可避免。
此次危机不仅对欧美国家有影响,即使是素有“避风港”之称的中国亦不能幸免,而作为中国“出口风向标”的广交会也受到了影响。
本文将尝试揭示金融危机对2008年秋交会的影响,浅析引发金融危机的根本原因及其对世界经济的影响,直接或间接导致广交会采购商、成交额和参展商数量等方面的下降,并尝试从中提炼出如何走出金融危机对广交会的影响可以借鉴的有效应对措施。
关键词:
金融危机;影响;广交会;措施
1.Introduction
TheworldhasexperiencedtheworsteconomiccrisisthatstartedasafinancialcrisisfromUnitedStatesofAmericafromJuly2007chroniclingthecreditcrisiswhichresultedfromthesub-primemortgagecrisis.TheglobalfinancialcrisisemergedinSeptember2008withthefailure,merger,orconservatorshipofseverallargeUnitedStates-basedfinancialfirmsandspreadwiththeinsolvencyofadditionalcompanies,governmentsinEurope,what’smore,recession,anddecliningstockmarketpriceshasexpandedtoomanyotherpartsoftheworld.
Inourcountry’sspeedingeconomy,thecontinuousdevelopmentprogressofChinaImportandExport(CantonFair)isanimportanthistoricalwitness.Itnotonlyprovidesabroadermarketforbusinessmenallaroundtheworldgatheringaswellasamagnificentarenaformyriadsofoutstandingenterprises,butalsodisplaysnumerouscompetitivecommoditiesfromChinatotheworld.
ThepastofCantonFairisworthyofbeingunfeignedlycompliment,however,it’smoreimportantthathowtocopewiththeimpactofglobalfinancialcrisissoastokeepthenationaleconomygrowingstably.
2.LiteratureReview
2.1TheChinaImportandExportFair
TheChinaImportandExportFair(wealsocallitCantonFair),comprehensiveinnature,haswonitsrenownof“China’sNo.1Fair”forthelongesthistory,thehighestlevel,thelargestscale,themostcompleteexhibitvariety,thebiggestbuyerattendance,thebroadestbuyerdistribution,thegreatestbusinessturnover,andthebestcreditstandinginChina.
2.1.1TheFundamentalIntroductionofCantonFair
In1957,thedaysoffoundingofusnewChina,whichhasalreadydonethesocialismrehabilitation,theestablishmentofoursocialistsocietybuildingrequiresalotofconstructionqualifications,ontheotherhand,thewesterncountriesarehostiletothisbabyChina,almosteveryoneofthemtookactionssuchassuppressingoureconomy,layingdownstrictlawstorestrictourexportcommoditiesandsoontohamperChina’sdevelopingprogress.Asaresult,theChinaExportFairemergedinresponsetothepropertimeandconditions;itisalsoonemomentousmeasureofthenewChinaopening-doorpolicies.
Inthespringof1957,thefirstsessionChinaexportfairwasopen.However,thetotaltransactionamountinthissessionwasjust$0.18million,whileonly1223buyersfrom19countriesanddistrictsattending.Butinthe4thsessionCantonFair,theturnoverraisedto$1million,theattendancefrom31countriesanddistrictswastwiceasmuchasthefirstsession.Fromthenon,thepoliticalisolationaimingatChinafromwesterncountriesbegantocollapseineconomyfirstly.In1963,therectificationmovementsofthenationaleconomy,theCantonFairhadanotherremarkableprogress,forinstance,anewexhibitionhallcoveringanareaof47thousandsquaremeterswasconstructed,and5961buyersfrom59countriesanddistrictsattendedthefair.
ThedevelopmentofCantonFairwastardyandflexuralfromyear1966to1977,thoughtheten-yeartransactionamountwas$214.39million,ithadlaidthefoundationforourcountryeconomicalfurtherprogressing.Inthelate1970s,somepoliciesrelatingwitheconomicalsystemandforeigntraderegimehadchangedsharplybecauseofimplementationofreformandopeninguppolicy.Astimegoesby,moreandmoreenterprisesfromdifferenttradessignedupforthefair,asaresult,theexpansionofexhibitors’rangedirectlyfacilitatedtradingcommoditiesconfiguration.IntheSpringCantonFairof1978,17thousandexhibitorsfrom98countriesanddistrictswereattracted.Anditwasthefirsttimetheattendingnumberwasmorethantenthousand.What’smore,theexhibitingareastothefairreached129andthevisitorscameto45thousandperson-times.
Theincessantadvancementofthereformandopeninguppolicy,especiallyDengXiaopingmadehisSouthernTourandreinvigoratedthereformprocessin1992,ChinaeconomicevolutionandCantonFairhadbeencarriedastepforward.TheunceasingrevolutionandperfectionofMarketSocialismaswellasthespeedier,wideranddeeperpromotionofinternationalcommunicationandcorporationadvancedCantonFairtoitsgoldenage.Theexporttransactionamounthitanewhigh($3.406trillion)inthe100thsessionChinaExportFair.,whichfullyrevealedtheimportantpositionofusChinaintheeconomicexchangesandtradewithothercountries.
Besidestraditionalwayofnegotiatingagainstsamples,theFairholdsCantonFaironline.TheFairleanstoexporttrade,thoughimportbusinessisalsodonehere.Apartfromtheabove-mentioned,varioustypesofbusinessactivitiessuchaseconomicandtechnicalcooperationandexchanges,commodityinspection,insurance,transportation,advertising,consultation,etc.arealsocarriedoutinflexibleways.BusinesspeoplefromallovertheworldaregatheringinGuangzhou,exchangingbusinessinformationanddevelopingfriendship.
ChinaExportFairisalwaysthebarometerofChinaAussenhandel.Afteryearsofrapiddevelopment,China,whosemacro-economyisfacingadeep-rootedstructuraladjustment,hasformedancomprehensive,multi-fieldsandmulti-levelconfiguration.Asthethirdlargestglobaltradingnation,China,intheprogressofincessantexpansionanddeepeningreform,expandingopeningup,cannothighlightmoreonexportinggrowthorfavorabletradebalance,ontheotherhand,it’ssuggestedtooptimizethemixofimportsandexports,changethepatternofChina'sforeigntradegrowthandstrivetoreduceourexcessivelylargetradesurplus.Asaresult,onApril15,2007,the101stCantonFairwasrenamedtoChinaImportandExportFairofficially.However,thechangeofonewordisahistoricleap.Inourcountry’sspeedingeconomy,thecontinuousdevelopmentprogressofCantonFairisanimportanthistoricalwitness.Itsrenameembodiesthespiritofwin-winstrategyandisasymbolicofchangingfromvaluingtoomuchonexportingforearningforeigncurrencytoseekingthebalanceofimportandexportintheorientationofourforeigntradestrategy.
Roughlyspeaking,asamicrocosmofexporttrading,CantonFairnotonlyprovidestheChinesecommoditiesinternationalizationwithanexcellentdisplayplatformtohelpdomesticenterprisesincorporatetheinternationalcompetitiveenvironmentassoonaspossible,butalsoplayaleadingroleandobviousdemonstrationinthereadjustmentofindustrialstructure,thereformofforeigntrade,thecreationofdomesticbrand,transformationofthepatternofeconomicgrowth,etc.EverychangeofCantonFairhasreflectedmyriadsofsignificantstrategiesanddecisionsofChinaeconomyindifferentperiodsaswellastheexuberantvitalityofChina’sparticipationintheeconomicglobalization.
2.1.2The103SessionChinaImportandExportFair
FacingchallengesfromacceleratingappreciationoftheRMB,inflationandincreasedlaborandmaterialscosts—andeveninfluencesofthesubprimeloancrisisintheUnitedStates.The103rdCantonFairconcludedsuccessfullyonWednesday,April30,2008,asthenumberofoverseasbuyersandtheoverallturnoverkeepsteadygrowth,saidXuBing,deputysecretarygeneraloftheCantonFair.
Theoverallnumberofforeignbuyersreaches192,013,anincreaseof1.3%overthesamefigureofthelastfair.
Thenumberoftraditionalbuyers,includingthosefromtheUS,SouthKoreaandJapanhasseenadecline,whilethosefromthenewmarketsincludingtheMuslimcountries,India,SouthAfricaandBrazilhaveseentremendousgrowth,whichmakesupforthelossinthetraditionalmarket.
Thetotalturnoverofthe103rdCantonFairhits38.23billionUSdollars,anincreaseof2.1%overthelastfair.
2.2GlobalFinancialCrisis
Thecurrentworldisgoingthroughaonce-in-a-hundred-yearfinancialcrisis.Thefinancialcrisiswhichisalsoknownasthefinancialturmoil,referstoallormostof