European Debt Crisis On Exports And Countermeasures Of Jiangsu

With the advent of the debt problems of Greece at the end of2009, it swept across the European Monetary Union so quickly. With the influence of the world’s financial crisis caused by the recent U.S. subprime crisis, the world economy is facing a new round attack. The sharp depreciation of The Euro caused by European debt crisis, the income reduce in the European countries, the crisis spread the State fiscal austerity, and other factors had a huge impact on the world’s major economies. Since2004, EU has become our country’s largest export trading partner, exceed the United States, Japan and other countries, and the European debt crisis will also have a huge impact on China’s export trade. In addition, with the proliferation of debt crisis, the crisis will affect the export trade to Japan and the United States as well, which are China’s other two major export object. How to maintain the prosperity and development of the export trade, and deal with the impact of the European debt crisis to develop countermeasures has become an urgent problem.Take Jiangsu Province as an example, first, the article indicates the conduction mechanisms of the international debt crisis of the export trade, reviewed the theoretical study of the impact factors of the export trade and foreign trade contribution to economic growth.Then it introduced some preliminary discussion on the development of the outbreak of the debt crisis in Europe and the development and Jiangsu exports, export product composition and distribution of exports to the EU. After that, it detailed analyzes the European debt crisis after the impact of the export of Jiangsu. Not only on a single factor analysis of the impact of export of Jiangsu Province, but also by a large number of foreign trade data collation, calculation, and the EU’s various economic elements of empirical correlation between the model analysis, the final conclusion of this article and export Countermeasures in Jiangsu Province.