一、回顾:金融危机对中国经济和产业环境的影响始于2006年春季的次贷危机,是一场源于次级抵押贷款机构破产、投资基金被迫关闭、股市剧烈震荡的风暴。在经济与金融全球化趋势日益加深的背景下,这场来势凶猛的风暴不仅导致了全球主要金融市场的流动性严重不足,而且逐渐从美国金融市场传导至全球金融市场,从美国实体经济传导至全球实体 I. Review: The impact of the financial crisis on China’s economy and industrial environment started with the subprime mortgage crisis in the spring of 2006. It was a storm triggered by the bankruptcy of subprime mortgage lenders, the forced closure of investment funds and the severe stock market turmoil. Against the background of deepening economic and financial globalization, this fierce storm not only caused a serious shortage of liquidity in the world’s major financial markets, but also gradually shifted from the U.S. financial markets to global financial markets and from the real economy in the United States to Global entity