Who are the big winners in the financial crisis?.

<P> English, "China Daily" reported June 19: Recently, the U.S. media have to the global economic downturn, and China's economic growth accelerated to enhance the international financial organizations the right to speak, on the grounds of overseas large-scale mergers and acquisitions, published "China alone show" .remarks, claiming that China is the biggest winner in the financial crisis. .Indeed, China's economic leap forward in recent years is obvious to all, especially the financial crisis, China contributed 50% of global economic growth than China, however, is really the biggest winners? ."Left a growing outflow of wealth" in China and other emerging economies, leading the global economy to remain behind the recovery process reflects the interests and the global distribution of wealth in the huge imbalance. .</ P> <P> U.S. system and U.S. financial hegemony is the source of imbalance in the distribution of global wealth. .Recently, China has a right to vote in international financial organizations has increased, but the reconstruction of the international financial structure and process of the international financial system remains extremely difficult. .Although the United States in the sole charge of the world financial order after years of power had to give him a small part of the country; although with the rise of the euro, China, Russia and India and other emerging economies and the consequent jump in the strength born of words demands .But the dollar dominated currency hegemony and the international financial system has not changed. .The reform of the international financial system, in fact, the United States do not want to "beating" type of reform, but want to engage in some "minor repairs" work, such as the appropriate strengthening of supervision, a limited increase in some countries, the International Monetary Fund .and the World Bank's share and so on. .There are two insurmountable U.S. bottom line: First, no State may weaken the U.S. in the international financial system, China's control; Second, any reform proposals must not undermine the pillars of the status of U.S. dollars, in this sense, it also determines the global economic imbalances .pattern of change can not happen. .</ P> <P> the 21st century, along with the world economy and changes in the pattern of international division of labor, global economic imbalances, especially the "Sino-US economic imbalances," more and more serious. ."Sino-US economic imbalances," alleged that the huge U.S. current account deficit and China's huge current account imbalances between surpluses, and indeed this imbalance is reflected in a deeper level of globalization and the context of international industrial transfer .The global financial center and a global manufacturing center in the international division of labor, and the imbalance between creditor and debtor rights and interests of the serious imbalance in the distribution. .</ P> <P> formed the world's major countries, based on the real economy, virtual economy based on trade specialization and division of the new division of financial shape. .In this increasingly global division of labor in close, on the one hand greatly enhance the efficiency of global production, and promote global economic prosperity for 20 years; the other hand, the globalization of the "surplus" distribution of the results poor. .The United States as the world's largest debtor, the debt not only failed to constrain them, but as a tool for the U.S. to maintain financial hegemony. .</ P> <P> In fact, the United States, the international cycle of debt depends on two "exchange": the trade channels and delivery, financial channels back; financial channel delivery, trade channels to return. .The first exchange, the United States with growing outside money income can buy the products to their needs, resources and services to maintain its low-cost, high quality of life, its performance for the U.S. trade deficit and current account deficit increased rapidly .and to cover the trade deficit means more and more dollars to the world output; second "exchange" is that the dollar overseas financial assets by buying back the U.S. dollar, the United States to its foreign trade deficit or current account deficit .financing, thus ensuring the external payments, to achieve a long-term economic prosperity. .</ P> <P> 2009, the U.S. federal government domestic debt of 8.6 trillion U.S. dollars, external debt is 3.7 trillion dollars, is the same year, 0.864 times the gross national product, 5.5 times revenue; the same year, economic growth .rate of -2.4%, revenue growth rate of -10.0%. .Even if the financial crisis highlights the failure of American strength, solvency dropped significantly, the U.S. credit rating has not made any adjustment on the U.S. Treasury. .As have the major economies in Europe and America out of recession and into recovery, the resurgence of market risk appetite, investors start to shift assets overseas by the United States, the euro zone to attract investors again become a major market, affected, 2009 .the first three quarters, the United States emerged two decades the situation has been a net outflow of capital, not only for a major blow to the U.S. financial system, but also disrupted the U.S. economy's international debt cycle. .</ P> <P> dollars the United States must attract capital back, but at this time, the United States was the "last straw." .Since last October, Dubai debt crisis, debt crisis surfaced five countries of Greece, the United States continued to reduce credit institutions in Greece, Spain, Portugal, credit rating, debt crisis, the EU continue to create instability, massive short the euro, the capital of a large number of returning the United States .local, the United States was the biggest winner. .Including the United States treasury bonds, stocks and other U.S. agency bonds, including a large sought after asset. .10-year U.S. Treasury yields and 30-year Treasury yield rates have hit a new low. .According to the latest U.S. Treasury International Capital Flows (TIC) data, as of the end of April this year, U.S. Treasury bonds held by foreign creditors amounted to 3.96 trillion U.S. dollars, up by 1.87%. .In which the top three creditors as China, Japan and the United Kingdom substantial holdings of U.S. Treasuries, reached 900.2 billion U.S. dollars, respectively, $ 795,500,000,000 and $ 321,200,000,000. .Correspondingly, the U.S. national debt hit a record high of 13 trillion U.S. dollars, accounting for almost 90% of GDP. .United States, more than 90% of national wealth is borrowed still enjoy the highest national credit and the wealth of the world's largest bonus, this is not the world's largest Inequality? .</ P> <P> seems China is the creditor countries to rethink and assess the status of the time, China's financial power to the creditors the right to speak into the country's financial and enhance ability to resist external pressures the game. .Is certain is that China is not always necessary U.S. Treasury bonds and the dollar. .</ P>.