As we all know, the trend of economic globalization is becoming more and more obvious. The economy of every country is integrated into the developing tide of economic globalization. Economic globalization makes the global capital and resources free circulating on a global scale. But meanwhile it has brought greater risks for national economy. Because economies of the countries are indeed affected by the whole situation.

The financial crisis of 2008 is a global financial crisis from U.S. subprime mortgage crisis. Although China is a socialist country, after China's accession to WTO, it is getting closer and closer to contact with the world economy. Since the Chinese economy gets a huge impact in the financial crisis. The development of various industries has been hampered, especially in metallurgy, petroleum, petrochemical, iron, manganese powder and steel industry has close ties with the global commodity market.

The impact of the powder metallurgy industry suffered in the financial crisis is huge. The economic bubble is often generated in the real estate industry, the financial sector and the virtual economy, the bubble economy, once broken formation of the financial crisis is a threat to the real economy, the development of the real economy and the commodity markets is inextricably links. Therefore, after the financial crisis, the impact of iron ore, iron market is particularly serious. The automotive industry is a powder metallurgy market, financial crisis, demand for auto parts industry has shrunk, according to statistics, the financial crisis during the Sino-Japanese PM parts sales decreased by as much as 20 per cent of Finance to implement a proactive fiscal policy, and actively to stabilize the domestic market through macro, although the powder metallurgy industry in the financial crisis by a certain influence, but relative to the developed capitalist countries, the loss still is relatively small.

The losses of metal powder industry suffered in the financial crisis are relatively weaker. It is partly because of the positive regulation of China's economic policies. On the other hand, it is because of the weak dependence of the powder metallurgy industry for the international market. But it also shows the situation that China lacks of exporting ability in powder metallurgy industry. Chinese powder metallurgy industry should rationally adjust the production plan to avoid market risks. At the same time, China should also actively expand the international market and actively participate in international market competitions. Thus it will make a greater contribution to China's export value.Source:http://www.mhcmp.com