Financial Crisis in the US Might Affect China's Economic Transformation
ANBOUND
The financial crisis has caused severe damage to the general public in the US. ANBOUND think tank scholars believe that the public support rate for the Republicans who represent the Wall Street will decline, most likely to significantly affect the US' bi-partisan politics and thus the Democratic Party might be in power for a long period of time. However, with the policy claims of the Democratic Party, the US’s trade protectionism will be enhanced, back flow of industries will be occurred and the transfer of medium to high end technologies will be hampered. All these will undoubtedly be detrimental to China’s technology import as well as economic restructuring and upgrading.