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In February 2007, American Subprime mortgage crisis spreading through the United States, Europe, Asia and even in the world like a contagion. Even if it burst into people’s view ravening people’s wealth, but people know little about it. In this paper, there is a detailed introduction to the crisis,its infection to Chinese economic and stategics to it will be also minutely analyzed.There are four sections in this paper. In the first chapter, there will be an introduction to the Subprime mortgage. In additional to some conceptions, a review of how is Subprime mortgage market born and grow, how is the Subprime mortgage bondilization, how is it sold to the investment market.In the second chapter, the Subprime mortgage crisis which is the most popular topic today will be introduced. In this chapter, some great events after the explosion of crisis will be firstly described. Then the core of the crisis will be minutely dissected. In addition, the origin of the crisis will multi-analyzed from the America economic structure, the finance operations, the breach of rating agencies, the vacancy of government, the cultural of consumer. In the end of this chapter, a description of the infection which Subprime mortgage crisis take to the global economy will be introduced.In the third chapter, there are varies comments from politics, finance, academy, capital institutions quoted in this chapter. And five strategic to the crisis from America government is also quoted in this chapter.After a deep understanding of the Subprime mortgage crisis in the America, we will come back to China in this chapter to analyze and forecast the Subprime mortgage crisis’s infection to China. Besides, effective stratages to China is also the key point of this paper.
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