This financial crisis was caused by the US property market bubble.I think that there were two main reasons which led to this financial crisis.Firtst of all,it was a result of the consumption habit of the Americans.Consumer borrowing is a common way of living in the United States.However,in practice,experience tells us that such consumption mode is highly undesirable.Secondly,the economic management model of the US also played a part.The United States has often emphasized on free economy and objected to state intervention.This also accelerated the emergence of the financial crisis.The impact of the financial crisis on China was mainly on the export area.Export is an important means for China's economic development.The reduction in export trade will undoubtedly hinder the pace of China's development.In my opinion,the inspiration brought about by this financial crisis is that market liberalization is less than desirable.The government should strengthen its efforts in market supervision.I believe that as long as we have the confidence,we will be able to resolve any difficulties which lie before us. This financial crisis was caused by the US property market bubble.I think that there were two main reasons which led to this financial crisis.Firtst of all,it was a result of the consumption habit of the Americans.Consumer borrowing is a common way of living in the United States.However,in practice,experience tells us that such consumption mode is highly undesirable.Secondly,the economic management model of the US also played a part.The United States has often emphasized on free economy and objected to state intervention.This also accelerated the emergence of the financial crisis.The impact of the financial crisis on China was mainly on the export area.Export is an important means for China's economic development.The reduction in export trade will undoubtedly hinder the pace of China's development.In my opinion,the inspiration brought about by this financial crisis is that market liberalization is less than desirable.The government should strengthen its efforts in market supervision.I believe that as long as we have the confidence,we will be able to resolve any difficulties which lie before us.