Notice of RetractionSub-prime mortgage crisis: Impacts and opportunities

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

U.S. sub-prime mortgage crisis had a tremendous impact on China´s economy from many aspects. First, it has an impact on China´s foreign trade while there is a high dependence on foreign trade. Second, it has an impact on China´s financial market. Third, it has an impact on China´s financial assets and offshore fund. While crisis have a negative impact on china´s economy, it also brings a rare opportunity. Sub-prime mortgage crisis provides opportunities to China´s economic growth mode transformation and industrial structure´s upgrading. It plays a beneficial role in boosting economy by consumption. It is conductive to improve international economic environment and increased the discourse right in international economic affairs, and it also provides an opportunity for China´s industry growing up.