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    金沙城下载app送奖金【qzsong.cn】为您提供集团最新官方网站,更高级的VIP服务体验,更多的优惠活动,更快速的存取款时间,专属美女客服一对一服务,赶快注册游戏吧。宿迁吐怨商务服务有限公司(原娄底某滞电子科技有限公司)成立于1995年,占地面积15131平方米,暴雪app怎么下载其中生产厂房占地8203平方米,仓库面积占地4353平方米。固定资产6491万元,流动资产2689万元,干部职工共717人,工程技术人员13人。金沙城下载app送奖金LiuShijin,YuBinZhangLiqunInthefirsthalfoftheyear,economicgrowthaccelerated,economicefficiencyimproved,,thegrowthofexportstendstodecline,thefoundationforacontinuousexpansionofthedomesticdemandisnotstableyet,%.Thepriorityofthecurrentmacroeconomicpolicyshouldbechangedfrompromotingshort-termeconomicgrowthtosolvingthemajorproblemsfacingthemediumandlong-termdevelomthebeginningofthisyear,economicgrowthdevelopedwiththetrendofquarterlyaccelerationandtheeconomicperformancehadthefollowingfeatures:,,consumptionanddemandforinvestmentallmaintainedahighgrowthrate,andtheoverallincreaseindemandc,inparticular,,foreigntrademaintainedanextraordinarilyhighgrowth,%%ascomparedwiththatofthesameperiodoflastyear,;whiletheoverallfixedassetsinvestmentincreasedby11%.Theadjustmentandeffectiveapplicationofthemacroeconomicpoliciesinrecentyears,suchastheincreaseofexportrebaterate,thelevyofinteresttax,theimplementationofrealnamesforsavingsdeposits,theprolongedholidays,theincreaseofincomesformiddleandlow-incomegroups,theinterestdiscountbythestatefinancetosupporttechnologicaltransformationofenterprisesandthereformofhousingdistributionsystem,allplayedanimportantroleinpromotingthegrowthofexports,theeconomicgrowth,,obviouslydifferentfromthepatternoftheeconomicperformanceinthepast,themarketdemand-supplypatterndidnotundergoafundamentalchange,,%ascomparedwiththatofthesameperiodoflastyear;theresidentconsumptionpriceindex,duetoinfluencebytheincreaseofvariousservicechargestandards,%,suchassteel,cotton,crudeoilandfinishedoil,whichwasassociatedwiththepricefluctuationattheinternationalmarket,thedomesticrestrictionson"fivekindsofsmallenterprises"ctioncapacityisstillrathercommonandstrikinglyhigh,,theelectronic,,,electricitygenerationincreasedbynearly10%ascomparedwiththatofthesameperiodoflastyear,%%,metallurgicalandsugar-makingindustriesproducedsomeresults–%,%,andthegrowthrateofsteelproductiondroppedbyabo,%,,%.,the,,,thenetlossessufferedbythecoalindustrywasreducedby440millionyuanascomparedwiththatofthesameperiodoflastyear,,thegrowthoffiscalandtaxrevenuescontinuedtobefasterthaneconomicgrowth,,thefiscalandtaxrevenuesmaintainedafairlyfastgrowth,however,afterthenon-comparablefactorswerededucted,thefiscal,thenationalfiscalrevenuestotaled624billionyuan,%,%growth,makingthisyear’tionofeconomicgrowth,theimprovementofenterpriseeconomicefficiency,thebullishsecuritiesmarketaswellastheincrea,importtariffcollectedbythecustomsandstamptaxcollectedfromsecuritiestransactionsincreasedby32billionyuan,accountingfor32%ofthetotalincrementalamountoffiscalandtaxrevenues;theenterpriseincometax,incometaxofenter%,35%and50%respectively,,accountingfor26%ofthetotal.Notes:(1),(3),(2),(5)and(7)representpercentagevs.(1);(4),(6)and(8)representproportionvs.(2).Datasources:STATEMENTOFBALANCEOFPAYMENTSbySAFEDuringthe1982-1999period,foreigncapitalreceiptsandpayments(balance),,%,China’scapitalsinflowisinnetterms,andthehugesurplusofforeigncapitalreceiptsandpay,FDIinChinarepresentsthelargestelementforitssurplus,,accountingfor81%,FDIisnotonlythegreatestelementforthesurplusofforeigncapitalreceiptsandpaymentsbutalsothebaseforasustainedsurplusofFDIforalongtime,contributingagreatdealtothegeneralsurplusofChina,anetincreaseisshowninChinasoverseasissuanceofequitysecuritiesandbonds,indi,duringthe1982-1999periodthenetin,%ofthesurplusofforeigncapitals,an,however,adeficitwasrecordedduringthe1996-1999period,mainlyduetoadrasticfallinthesurplusofliabilitiesofsecuritiesinvestmentinthatperiod,,therefore,thatliabilitiesofsecuritiesinvestmentasonesourceofforeigncapitalhavealimitedstimulativeroleinachievi,%ofthebalanceofallforeigncapitalreceiptsandpayments,%ofthetotalsurplusinthebalanceofcapitalreceiptsandpayments,(-),however,,thesurplusofotherinv%ofthatofforeigncapitalsandbeingoneofthethreegr,anditspercentageinthesurplusofforeigncapitalsreducedto45%.Andduringthe1996-1999periodthesurplusofliabilitiesismuchsmallerthanthesurplusofassetsinsize,withitspercentageinthebalanceofforeigncapitalreceiptsandpaymentsfallingto5-6%.Thatmeans,duringtheabove-mentionedtwoperiods,theroleofo,becauseotherinvestmentasaformofintroducingforeigncapitalisusuallysmallerthantheincreaseofassetsinsize,,otherinvestmentisanuncertainfactoraffectingthebalanceofforeigncapitalsandcapitalaccountswhenforeigncapitals(mainlytrade-relatedcredits)areutilizedinsuchform,anditsdrasticdecreaseintimesofuncertaineconomicgrowthmorethanoftengivesrisetoadeficitinotherinvestmentreceiptsandpaymentsandeveninthebalanceofcapitalaccounts....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.。

    ChenXiwenResearchReportNo170,2001AnimportantjudgementofthestageofdevelopmentofChina’sagriculturewasmadebytheCommunistPartyofChinaatthe3rdPlenarySessionofits15thCongressinOctober1998:Thesituationoflastingshortageofmajorfarmproductsincludinggrainhaschangedintoasituationof“roughbalanceinaggregatetermsandsurplusinyearsofbumperharvests”.ThisindicatedthatthecontradictionofshortsupplyoffarmproductsinChinahasbeenbasicallysolvedandthatamajorturnwillbeenseeninChina’sagriculturethatdroveint,China’’incomestheessenceoftheIssueaboutChina’rmproductsincluding“surplusinyearsofbumperharvests”ingrainproduction,however,worrisomecontradictionsandproblemsbegantocropupingrowingnumbersinChina’sruralareas,thefieldthathasbeenhailedashavingwonChina’’seconomiclifeinrecentyears,thetopicmostoftendiscussedwouldbeth’sattentiononChina’sagricultureandruraldevelopmenthasfficultiesChinanowfacesinincreasingtheincomesoff,thegrowthoftheincomesofChinesefarmersdeceleratedyearbyyear:In1996,t,,,andin1999and2000,,theaver,,theincomegapbetweenChina’surbanandruralresidents(theaverageper-capitadispensableincomeofitsurbanresidentsandtheaverageper-capitanetincomeofitsruralresidents)::’sdifferentruralregionsinsocialandeconomicdevelopment,anyaveragefigureswouldcoverupnumerouscontradictionsandproblems(intheyear2000,forinstance,theaverageper-capitaincomeoffarmersinShanghaiwasRMB5,,morethanfourtimestheRMB1,).Asthesituationstands,e,asamatteroffact,intheyear-on-yeardecreaseintheearningofthecountry’itanetincomeofChinesefarmersinthelastfouryears:2)MetroBusSystem:PracticeofRationalAllocationofTransportationResourceTheproblemofcitytransportationisaproblemofhowtoachievetherationalallocationofcurrenttransportationresources(suchasroads,intersections,andvehicles)inaneffforprivatevehiclesandpublicvehicles,wherebusesaremixedwithpriewithprinciplesof"independentroadrights"and"busfirstinintersections".Evenincaseoflessstar-upfundandnoincreaseintransportationresources,thissystemcansignificantlyimprovetheefficiencyoftransportation,therailtransithighlightsindevelopingnewtypesoftransportationresourcestosubstituteexistingresources,whiletheMetroBusSystememphasizesoneliminatingthelowefficiencyofthemixedtrafficsystemandrationallyallocatingandsuffici,wecanstarttheshiftfromtheordinarybussystemtotheMetroBusSystembyimprovingexistingroadsandtrafficsignalsystems,whichfeatureinlowerstart-updifficulties,,thecostofcapital(basedoncomparablepricesin2000)isabout1/10~1/)MetroBusSystem:Aneasilyupgraded"dynamicsystem"Byupgradingandenhancingthegroundtrafficsystem,th,afterinvestigatingthepracticeoftheMetroBussystemincitiesofCuritiba,Stockholm,Amsterdam,Gothenburg,theprojectteamsuggeststhatthetheoryandtechniquesofthissyst,,theroutenetworkofthissystemcanbepartiallyimplementedbyfirstlylayingtrafficsignalsinintersectionsandthengraduallyintroducingtechniquessuchasthepassengerinformationsystem,,theloadingcapacityofthesystemwillbegradutyintimeitisneeded,andhelpstomaintainabettersuptems(suchasundergroundsystems)intheirearlierdaysofoperation,)MetroBusSystem:ATransientSystemBetweenOrdinaryBusSystemAndLarge-capacityRailTransitTheMetroBusSystemadoptsthegroundtransportmodethatenablestheroutescanbeeasilyadjustedorchanged,orevenupgradedtorailtransitsystemswithalargerloadingcTransprotationInSuzhouSincethebeginningoftheeconomicreformandopening-uptotheoutsideworld,thesocialeconomyinSuzhouhasquicklydevelopeda,,thecapitalofthecountry,whileitsamountofpublictransitis728,whichisonly1/9ofthatofBeijing,,whichisonly1/,%,Hefei,Guangzhou,Shanghai,etc..WhyAccordingtosurveysofthesituation,themainreasonforthisisthepubl/4ofthemcomplainforthecrowdedsituationinsidebuses,about1/5ofthemcomplainforthepoortimereliabilityofthepublictransit,andabout1/3ofthemcomplainforwastingtoomuchtimeinwaitingforbuses....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.10-200米MiJianguo,’sBankingIndustryAsanimportantpartofitsopening-uppolicy,,foreignbankshavedevelopedrapidlyinChina,approximatelyexperiencingthreestages:Firststage,since1979,,Chinaapprovedtheopeningofthefirstrepresentativeofficeoftheforeign-investedbank,,31foreig’,since1981,Chinaapprovedt,foreignbankswereapprovedtosetuptrialoperativeinstitutionsinfivespecialeconomiczones,includingShenzhen,,Nanya,Shanghaibecamethecoastalopeningcitythatintroducedfo,theregionsallowedtointrod,,23citiesandHa,in1983and1985,tworegulations–"ManagementMeasuresofthePeople’sBankofChinaforRepresentativeOfficesofOverseas-investedandForeign-investedFinancialInstitutionsinChina"andthe"RegulationsofthePeople’sRepublicofChinafortheManagementofForeignBanksandSino-foreignJointVentureBanksinSpecialEconomicZones"–wereissuedrespectivelytoputtheint,the"RegulationsofthePeople’sRepublicofChinafortheManagementofForeign-investedFinancialInstitutions"wasissued,,since1996,,selectedforeignbankswereallowedtohandleRenminbibusinessinShanghai’:Renminbidepositandcredit,settlement,guarantee,,thecentralbankapprovedeightforeignbankshandlingRenminbibusinessinPudong,,theStateannouncedthatallthecentral,theforeignbanks’businessscopeinShanghaiandShenzhenwereexpanded,theywereallowedtodob,thecentralbankalsoadoptedaseri,whenforeign-banksareshortoffunds,thecentralba,theforeignbanksareallowedtoissuesignificant-amoun,theforeignbanksareallowedtojoinintheissuingofrenminbisyndicatedloans,,theforei,therateoftotalRenminbidebttoitstotalforeignexchangecanberelaxedfrom50%to35%.In1997,aftertheAsianfinancialcrisisbrokeout,especiallyduetotheshockofeventof"Guangxin",,foreignbanks’,,’assetsinChina(1991-2000)。

    明仕ms888MG篮球巨星Thetrendofmarketpricesin2,thegen002,andthecommodityretailpriceindex,theproducerpriceindexofindust(1)Priceperformanceisinanewroundofdecline,,theperformanceofmarketpriceshasallalongbeeninalow-lev,,,,,,theleadingindexindicatingthechangesofthegeneralpricelevel,,,,,,,,,,,,,,,ceinthepastfiveyears,we,thege,thegenerallevelofconsumerpriceposteda24-month-longcontinuousfallfromApril1998toApril2000,andposteda15-month-l,,thegenerallevelofconsumerpriceshasbeeninanewroundofdecline,postingan11-month-longnegativegrowth.(2)Whiletherehavebeennofundamentalchangesinthegeneralsituationofoversupply,,thefactthattherehavebeennofundamentalchangesinthegeneralsituationofovers,theChineseeconomyhasbeenplague,thestatehasbeenstickingtoapolicyofstimulatingdomesticdemand,andasaresult,thedemandofdomesticinvestment,,inparticular,mmoditiesconductedbytheStateEconomicandTradeCommission,t,,theproportionofthecommoditiespostingabasicbalanceinsupplyanddemandfellfro,thecontinuousfallofChina’smarketpricesinrecentyearshasbeenalogicalreflectionofabuyer’smarket,,thech,thepricesofmostofChina’,’smarketcontinuestodevelopandmarketcompetitionbecomesincreasinglyfiercer,,inthefirstroundofpricedecline,thepricesofafewservicesandmonopolyindustrieswhosepricesweresetbythegovernmentweredrasticallyadjusted,whichplayedcertainrolesincontainingthef’spricingmethodsbecomingincreasinglystandardinrecentyears,however,the,,whichwasthelowestgrowthinrecentyears().AnothernoteworthychangeisthatasaresultofChina’smoreopeningtotheoutsideworldandespeciallybecauseoftheimpactofthecountry’saccessiontotheWorldTradeOrganization,thecountry’spricingmechanismshavebecomemoreopenandtheimpactoftheinternationalmar’sWTOaccession,andthetariffreductionandtheincreaseofimportquotasforgrain,chemicalfertilizerandsomeothercommoditieswillfurtherintensifythepressureondomesticmarketcompetitionan,thetechnologicaladvancefeaturedbyhigherlaborproductiissharplylower,whichbringslessemergenceofnewproducts,,communicationsproductsandhouseholdappliancesinrecentyears....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.LiuShijin,YuBinZhangLiqunInthefirsthalfoftheyear,economicgrowthaccelerated,economicefficiencyimproved,,thegrowthofexportstendstodecline,thefoundationforacontinuousexpansionofthedomesticdemandisnotstableyet,%.Thepriorityofthecurrentmacroeconomicpolicyshouldbechangedfrompromotingshort-termeconomicgrowthtosolvingthemajorproblemsfacingthemediumandlong-termdevelomthebeginningofthisyear,economicgrowthdevelopedwiththetrendofquarterlyaccelerationandtheeconomicperformancehadthefollowingfeatures:,,consumptionanddemandforinvestmentallmaintainedahighgrowthrate,andtheoverallincreaseindemandc,inparticular,,foreigntrademaintainedanextraordinarilyhighgrowth,%%ascomparedwiththatofthesameperiodoflastyear,;whiletheoverallfixedassetsinvestmentincreasedby11%.Theadjustmentandeffectiveapplicationofthemacroeconomicpoliciesinrecentyears,suchastheincreaseofexportrebaterate,thelevyofinteresttax,theimplementationofrealnamesforsavingsdeposits,theprolongedholidays,theincreaseofincomesformiddleandlow-incomegroups,theinterestdiscountbythestatefinancetosupporttechnologicaltransformationofenterprisesandthereformofhousingdistributionsystem,allplayedanimportantroleinpromotingthegrowthofexports,theeconomicgrowth,,obviouslydifferentfromthepatternoftheeconomicperformanceinthepast,themarketdemand-supplypatterndidnotundergoafundamentalchange,,%ascomparedwiththatofthesameperiodoflastyear;theresidentconsumptionpriceindex,duetoinfluencebytheincreaseofvariousservicechargestandards,%,suchassteel,cotton,crudeoilandfinishedoil,whichwasassociatedwiththepricefluctuationattheinternationalmarket,thedomesticrestrictionson"fivekindsofsmallenterprises"ctioncapacityisstillrathercommonandstrikinglyhigh,,theelectronic,,,electricitygenerationincreasedbynearly10%ascomparedwiththatofthesameperiodoflastyear,%%,metallurgicalandsugar-makingindustriesproducedsomeresults–%,%,andthegrowthrateofsteelproductiondroppedbyabo,%,,%.,the,,,thenetlossessufferedbythecoalindustrywasreducedby440millionyuanascomparedwiththatofthesameperiodoflastyear,,thegrowthoffiscalandtaxrevenuescontinuedtobefasterthaneconomicgrowth,,thefiscalandtaxrevenuesmaintainedafairlyfastgrowth,however,afterthenon-comparablefactorswerededucted,thefiscal,thenationalfiscalrevenuestotaled624billionyuan,%,%growth,makingthisyear’tionofeconomicgrowth,theimprovementofenterpriseeconomicefficiency,thebullishsecuritiesmarketaswellastheincrea,importtariffcollectedbythecustomsandstamptaxcollectedfromsecuritiestransactionsincreasedby32billionyuan,accountingfor32%ofthetotalincrementalamountoffiscalandtaxrevenues;theenterpriseincometax,incometaxofenter%,35%and50%respectively,,accountingfor26%ofthetotal.ChenHuaiResearchReportNo133,2001Atpresent,suggestedmeansforthereductionofstatesharesmainlyincludesale,,however,thisproblemcannotbesolvedcomp(SICs)playthe"majorrole",largeinvestmentcompaniesreferto,toputitbluntly,istofoster"aprimary-and-halfmarket".SICsfirstacquirethestatesharessoreducedandthen,inacertainform,loselyintegratetheshort-termgoalsofsupplementing"sell"partofstate-ownedassets,itisaimedatsolvingfourma,howtoturnstate-ownedassetsintofundstosupplementthesocialsecurityfund;secondly,howtopromotethemulti-polarizedreformoftheequitystructureofthelargeandmedium-sizedstateenterprisesandtoestablishastandardandregulatorycorporategovernancesystem;thirdly,howtoenhancetheoverallcontrollingcapabilityofthestate-ownedeconomy;andlastly,howtoregulatethesecuritiesmarketandputanendtotheab,intheformof"cashing",ofrealizingaredistributionofthepropertyrightsofthestate-ownedassets,aprocessofboostingthemulti-polarizedtransformationoftheequityofstate-ownedenterprisesandadvancingformationofacorporatemanagementsystem,,afteracquisitionofshares,donotsimplyholdsuchsharesandsellthematahighpriceattherighttime,theywillalsoactasrepresent,thebasicpatternoftheequitysystemofthestate-ownedassetsinChinastandslikethis:"TheStateCouncilexercisestherighttostate-ownedassetsonbehalfofthestateinaunifiedmanner;thecentralandlocalgovernmentsadministerthestate-ownedassets;thelargeenterprises,enterprisegroupsandholdingcompaniesareauthorizedtooperatethestate-ownedassets".Withinthisframework,ryshareholderandtheydominatetheentireindustryorsector,enterprisesareactuallystillunderthecontroloflocalgovernmentsorcompetentdepartments,therefore,itisverydiff,theboardofdirectorsofanenterprisecannotprotectther,itisnecessarytofindsomekiocalbenefitsandtheformerstateshareholdersseparatelyholdthestateequities,isitpossibletorealizepluralisticequitiesoftheseentertransformthestructureofequitiesover-concentratedonaunita15thCentralCommitteeofChina’sCommunistParty,thebasicfunctionsofSICsshouldshiftfromthefocusofin,theequityofstate-ownedassetsshallbelikewisetransferredfromtheholdingcompaniesaimedatproduct,SICsshallbethemainholdersandoperatorsofthestate-ownedassetsand,inasense,reprete-ownedshares:Firstly,rvaluedeductionofthepledgedstock,andthentheycanacquirethereducedstatesharesconstantlyinarollingwayofpurchase,pledgeforloanandfurtherpurchase;secondly,thestate,inthecapacityofinvestor,providesagivenamountoffundsincashorinkindtoSICsasseedcapital,theincreaseofstateinvestmentmaytaketheformofeithercashordirectallocation;andlastly,anumberofinvestmentfundsaresetupandmanagedbySICs,whichareexclusivelyusedforreductionofthestateshares....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.金沙城下载app送奖金重合同守信誉企业市级明星企业,LiuShijinResearchReportNo212,:ThereExistsImmenseSpaceforReducingState-HeldSharesThankstotheeffortsintheoretical,policyandpracticalexplorationinrecentyears,majorprogresshasbeenmade,thestateneedstomaintainitscontrolovercertainareas,namelythosethatareimportanttostatesecurity,theareasofnaturalmonopoly,theareasthatprovidepublicgoodsandservices,,thegeneralorientationofthereorganizationofthestate-ownedeconomyandthereductionofstate-heldsha,thereares,thestate-ownedcapitalcanquitfromtheareasofgeneralcompetitiveneywellandwehavereasontobelievethatthestate-ownedcapitalintheseenterprisesdoesnothavetoquit(thatwillhelpthestate-ownedcapitalpreserveandincreaseitsvalue).Butinlightof“majorprinciples”,itisperhapsabetterchoiceforthiskindofhigh-qualitycapitaltoquitandtoreplenishthesoc,theso-calledcontrolcanbeintheformofexclusivestateownershipand,inmostcases,canbeintheformofstateshare-holding,includingabsolutestateshare-holding,,wecanevendrawonforeignexperienceandintroducethe“goldenshare”system,thatis,thestatehasno“controlthesameamountofothercapitalwithaslessstate-ownedcapitalaspossible”.Sointheareaswherethestateneedstomaintainitscontrol,,telecom,electricity,petroleumandpetrochemicalindustriesareactuallythose,whosehigh-qualitycapitalcanbe“soldatbetterprices”.thereductionandrealizationofpartofthestate-ownedcapitalonlychangestheformoftheexistenceofthestate-ownedcapitalanddoesnotnecessarilycauseanylosstoor“drainaway”,itisindeedimpossibletoruleoutthepossibilityofthestate-ownedcapitalbeing“drainedaway”,thelogicconclusionshouldbetorectifytheexistin,,refusingtoreduceandrealizethestate-heldsharescaninnowayguaranteethatsuchcapitalwillnot“drainaway”.Numerousfactsprovethatwhenthestate-ownedcapitaldoesnotflow,theassetdepreciationduetotheoperatinglossesofthestate-,onemayfindthatafterstockreductionandrealization,thestate-ownedcapitalhasavoided,,,thewagesreceivedbytheiremployeeswereonlyaportionofthetotalduetothem,,pension,healthcare,(orthestate-ownedenterprises),thereinfactexistedacontractualrelationshipthatthestateshouldprovidetheemployeeswithhousing,pension,sinceChinabeganreformandopeningupandastherehaveexistedshortcomingsinthecashbasissystemoftheseenterprises,thestate(orspecificstate-ownedenterprises),replenishingthesocialsecurityfundswithearningsfromthereductionandrealizationofpartoftheexistingstate-heldsharescanbeontrolitseconomicresourcesbywayofrunningenterprisesorcontrollingnon-stockandhigh-liquidityformsofassets,suchasbonds,funds,,suchachoicewasinevitable,foritwastrulydifficulttofindotherwaystomanagemoreresources,,however,onefundamentalchangeisthatresourcesorassetscanbreaktheconfinementofmaterialformandtaketheformofvalue,ghtofthenumberofthestate-ownedorstate-runenterprises,:onescenarioisthatthestate(governmentsatalllevels)isincontroloffinancialrevenueequivalentto20%ofGDPandatthesametimepossessestheassetsofthestate-ownedenterprisesequivalenttoanother20%ofGDP,andthattheseenterprisesarepoorlyoperating,mostlymakinglossesandhavingverylittleliquidity;anotherscenarioisthatthestate(governmentsatalllevels)isincontroloffinancialrevenueequivalentto40%ofGDPandatthesametimepossessesacertainamountofbonds,fund,then,enablesthestatetocontrolmoreresourceargeEnterprisesOneimportantprogressinthereformofstate-ownedenterprisesinrecentyearshasbeenthatgreatbreakthroughshavebe,observationsindicat,attentionisfocusedonthelargestate-ownedenterprises,eachofwhichgenerallyhasassetsworthofseveralhundredmillion,,purchasebyprivatecapitalorothermethodsusedtorestruc,oneimportantquestionishowtofindinvestorswithadequatefinancialstrengthtorwnedenterprisesoperateatahigewlargeinvestors,butalsotheissuesrelatingtotheirtechnologysources,,itispreferable,reducingstate-heldsharesmustfocusonthelargestate-ownedenterprisesa,itshouldenabletheenterprisestoformeffectiveinternalgovernanceandorganizationalst,therecanbemanyoptions....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.LongGuoqiangAsaninternationalorganizationdevotedtohandlinginternationaltraderelations,theWorldTradeOrganization(WTO)isinessencedesignedtorestrictthetradepoliciesofitsmembersafterenteringtheWTO,,thispaperhasputforwardsomeproposalsonthereformoftheforeigneconomicmanagementsystemstobeimplementedafterChina’’seconomyfromaclosedonetoanopenone,thecontentsofeconomicactivitieshavebecomericherandrichersincethelate1970s,andmoreandmorefoemastheultimategoalofthereform,thepaceofreformhasbeennoticeablyslowerthanthatoftheopen-updriv,meanwhile,haslgementsystemisrestrictedinagementwillbesubjecttorestrictionfromthedomesticplanningsystem,theinvestmentandfund-raisingsystem,thefinancialsystem,,thecurrentforeigneconomicma,governmentofficialsarehauntedbyred-tapism,theforeigneconomicmanagementsystemispermeatedwiththemanagementconceptof"biggovernmentandsmallmarket",andthereisthetendencyofpreferringadministrativemeasurestolegalmeans,examinationandapprovaltomanagementandservices,andhandlingofspecifi,however,thefunctionsofgovernmenthaveremainedaswhattheywere,governmentpowershavenotbeenreduced,andproblemssuchasproductionofpilesofdocuments,overlappingoforganizationalestablishments,management,complicatedformalities,numerousloopholes,,ywillhaveadirectbearingupontheabilityofcompetitionofitsenterprisesattheinternationalmarket,uponitsinvestmentclimate,,thescaleofinternatia,however,hasmadeithardlypossibleforthecou(MA),forinstance,,however,thereisnotyetanylawtogovernthisnewkindofforeignactivity,thuspreventingChinatostepuputilizationofforeigninvestmentorspeed,foranotherinstance,hasdevelopedextremelyrapidly,,however,ts,bigchangesinprice,"zerostock".InChina,however,customsandcommodityinspectiondepartmentsarestillsupervisingandmanagingthehi-techindustryinsuchawayastheytreatthetraditionalindustries,andthelowefficiencyofthesupervisionandmanagementsystemhasoftenimpedede,somehi-techenterpriseshavetotransfersomeoftheirhigh-profnagementsystemwillseriouslyrestrictthesharpeningofthecompetitiveedgeofChina’seconomyattheinternationalmarketandcausethecountrytol,reformofChina’sforeigneconomicmanagementsystemisaninherentdemandofChina’rstrengtheningtheabilityofacountryininternationaleconomiccompetition,butalsosupplyamechani,ithasadirectbearinguponacountry’seffortstogarmofthestmicstructures,,andtheabilitytomeettheimpactso,itisnecessarytocreatecertainmechanismofprotectiontoguaranteethesecurityofChina’snationalandeconomicinterests.ZhangXiaojiLongGuoqiangOpeningtotheoutsideworldisafundamentalstatepoebasisofsummarizingthesuccessfulexperienceofthepastandadaptingourselvestoeconomicglobalizationatthetimewhenChinaisapproachingaccessiontotheWorldTradeOrganization(WTO)isofimportantsignificancetocarryingoutChina’,Chinaimplementedthepolicyofopeningtotheoutsideworldanddidquitewellintakingadvantageofthefavorable,’sbasicexperienceinopeningtotheoutsideworldconsistsofthefollowing:First,nancialcrisistookplaceorwhentheinternationalsituationwasinturmoil,Chinapersistedinitsfundamentalpolicyofopeningto,Chinamadefulluseof“internationalanddomesticresourcesandmarkets”,activelyparticipatedintheinternationaldivisionoflabor,,,Chinaproperlycoordinatedinstitutionalrefo,thecountry’,themarketizationdomesticeconomyandthemajorrestructuringofforeigneconomicrelationsandtradeint,Chinaadoptedtimelystrategicmeasuresforfurtheropeni,itputforththe“strategyofexpandinginternationalmarketsharebyimprovingquality”,“marketdiversification”and“strategyofbroadly-basedforeigntradeandeconomiccooperation”.Furthermore,itpracticed“all-dimensional,multi-tieredandwide-rangingopeningtotheoutsideworld”.,Chinaconsistentlymainta,,struckagainstevasionofforeprinciplesguidingChina’conomicglobalizationasthebackdrop,Chinawillbe’seconomiclifeaswellasabasicpointofdeparturewhenweanalyz’sm,,oreandtheinternationalindustrialandtechnologicaltransferbringChinawithanhistoricopportunitytound,technologicalinnova’esintheinternationalstructureofdemandsthataretakingplacearoundtheworldandthusfailtocarryoutstructuraladjustmentdomesticallyandacceptinternationalindustrialtransfer,Chinawillfindthatitwillnotonlybeunabletoupgradeitsindustrialstructure,,thechangeintheaggregatesupplyanddemandpatternofthedomesticmarketcreatedfavorableconditionsforChinatograduallyopenitsdomesticionhaveyettobecompleted,insufficientdemandhascreatedtremenfteritsaccessiontoWTOandincreasetheshareChina’apitalandimportthoseresourcesan,whetherChinacantrulyreapthebenefitsofopeningitsmarkettotheoutsideworld,relaxingtherestrictionsontheentryofforeigncapital,andfurtherlinkinguptheinternationalanddomesticmarketswillenableChinatogiveplayonawi,thepresentdomesticmarketisstillplaguedbybarriersexistingbetweendifferentdepartmentsandbetweendifferentregions,iciesandestablishaunifiedlargemarketinthecountryduringthetransitionperiodafteraccessiontoWTOwilldirectlyaffectChina’soptimizationofresourcesallocationandeconomicdevelopment....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.ZhangChenghuiResearchReportNo190,isesSincethemid1990s,alongwiththedevelopmentofthemarketeconomyinChinaandchangesintheinternalandexternaleconomicandtradeenvironments,theslowtransformationoftheoperat,,duetotheexuberantvitalityandmarketcompetitiveness,theprivateeconomyhasovertakenthestate-ownedeconomytobecomethemostactive,thef,theproblemoffinancingdifficultythathaslonghauntedprivateenterprisesbeginstoattracttheatt,financingdifficultyoftheprivateenterprisesremainstobeapracticalproblem,,thereislessdifficultyinobt,thankstotheeffortoflocalgovernments,,thecurrentfinancialsystemhasonlygrantedshort-termloanstoprivateenterprises,whilethemid-,insteadofshort-termlending,alargenumberofhigh-techenterprisesinthestart-upstagearemostinneedofthemid-andlong-termloansandequityinvestment,,theproblemoffinancingdifficultyoflargeenterpriseshasbe,,suchasHaire,withovertenbillionyuanofannualsa,therefore,s’,,withtheirproductioncapacity,assetsandreputation,,,sufferfrompoorcredibilityornocredibility,havefewassetsformortgage,with,,thesee,thelargeandmedium-sizedcitiesenjoysufficientcapitalsup,lendingcapitalconcentratesincreasinginthecities,,88countiesinShandongProvinceexperiencedzeroornegativegrowthinloansin2000,whilenoneofthecountiesinH,thedifferenceamongtheownershipsystemisdiminishing,,the“privateownershipfearphobia”,theideologicalproblemsofthelawenforcementandauditingdepartmentsleadthemtoneglectthebadloanaccountsofthestate-ownedenterprises,buttoinvestigatefor,thelendingstaffofbanksusuallytrytoavoidmakingloanstoprivateenterprises,inspecificlendingappraisal,theytendtoreporthigherrisksass,despitearelativelysufficientsocialcapitalatpresent,neithertheformalindirectfinancingsystemnortheca,many,manyprivatehigh-techenterpriseswithhig,theywillnotonlyinfluencethedevelopmentoftheprivateeconomy,butalsofurtherintensifyfinancingactionsoutsidetheformarrentIndirectFinancingSystemOntheonehand,thecommercialbanksholdabundantcapitalbutgenerallyfeelitis“difficulttolend”.Ontheotherhand,manysmallandmedium-sizedprivateenterprisessufferbitterlyfrom“difficulttoborrow”.Indeed,reform,inordertobreakthehighmonopolyofthestatebanksandpromotemarketcompetition,Chinahasgraduallysetupover,theorganisationaenterprises,thenumberandcapitalstrengthofthesmallandmedium-siz,%%,respectively,akenintoaccount,%%,,,lendingdepartments(committees),therehavebeenfewachievementsinpractice,blygeneraterelativelylargeoverheadexpenses,wnedbanks,minimisingcapita,thelendingrightsofthebranchagenciesofthestate-ownedlargecommercialbanksweretakenback,manynon-bankingfinancialinstitutionsweredissolvedorannexed,,abusinessblankemergedandthefinancingdiffifinancialinstitutionsThefourlargeststate-ownedcommsolvedsincereform,leadingtoseriousdistortionsinthelegalpersongovernances,tocertaindegree,thegovernmentstillregardsth,beartheresponsibilityfortheirownrisksandset,itisverydifficultforthefourlargeststate-owedbankstooperateaccordingtobusinessrules,,withthestrengtheningofloanriskconstraintsandthelackingofthematchingintereststimulatingmechanism,thelendingstaffusuallytrytoavoidrisksinpracticebystressingonthe“absenceofgoodproject”,whichonlyintensifiesthefinancingdifficultyofthesmallandmedium-sizedprivateenterprises....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.20108月通过ISO9001:2000国际质量管理。

    我公司以LiShantong,LuZhongyuan,HouYongzhi,LiuYongandFengJieAsacomplicatedandhugesystemengineeringundertaking,thesouth-to-northwaterdiversionprojectwillgenerateprofoundandlastingimpactonth,itisimperativetocorrectlyhandletherelationshipbetweenwatersavingandwaterdiversion,pollutioncontrolandwatersupply,environmentalprotectionandwaterutilization,pamongwatersupplyareas,waterreceivingareasandareasalongthewaterdiversionroutes,aswellastherela,effortsshouldbemadetostartwatersavingpriortowaterdiversion,andchangethesituationofext,industryandurbanconstruction,whichwillfatallyoffsettheeconomicandsocialef,,China’stotalwaterutilisationforagriculturalfieldirrigationhasreached344billionm3,%,theeffectiveutilisationrateofirrigationwaterisonly30-40%,whilethatofthedevelopedcountriesstandsat70-80%.InChina,grainproductioncapacitypercubicmeterofwaterisonlyaroundonekilogram,%oftheirrigatedareasinChina,thissystemleaksaway130billionm3ofwatereachyear,accountingformorethan70%,waterutilisationinin,theoutputofonetonofsteeluses23-56tonsofwater,whileintheUSA,JapanandGermany,,whileinthedevelopedcountries,,therateofre-utilisationofindustrialwaterisonly30-40%,whileitisover75%%,andinsomecities,itisashighasabove15%.Facedwiththeshortsupplyofwaterresource,thesituationofextensiveutilisation,thesouth-ges,soastoc’sextensiveutilisationandseriouswasteofwaterresourceincludetheoutdatedconceptionsaswellasthewaterre,itisnecessarytocompletethefollowingsixconceptionandinstitutionalchanges:(1)changetheconceptionthatregardswaterasinexhaustible,increasetheawarenessthatfreshwaterresourceislimited;(2)changethepracticeofonlypreventingthedamageofwatertohumanbeings,preventespeciallythedamageofhumanbeingstothewaterresourceaswell,soastoachieveharmoniousco-existenceofmanandnature;(3)changethepracticeoffocusingonwaterresourcedevelopment,utilisationandcontrol,strengthentheappropriateallocation,effectivesavingandreasonableutilisationofwaterresourceonthepremiseofprotectingandimprovingtheecologicalenvironment;(4)changethepracticeofwatersupplybasedondemand,increasewaterutilisationefficiencyandguaranteedwatersupply,makenationaleconomicdevelopmentplansandindustrialdistributionbasedonthedemandandsupplyconditionsofwaterresource;(5)changethepracticeof"givingequalprioritytoopeningupmorechannelsofsupplies,watersavingandpollutioncontrol"to"watersavingfirst,pollutioncontrolmust,andseekingmorewatersupplyfrommultiplechannels";and(6)changethewaterresourcemanagementdispersedinseveraldepartmentsundertheplannedeconomytoacentralizedmanagementthat"coversbothlandandwaterareas",,pollutionalongthebankoftheYangtseRiver–thewatersourceareaoftheeasternrouteofthesouth-to-northwaterdiversionproject–,largevolumeofuntreatedurbanwastewaterisdirectlydischargedintotheRiver,creatingatleastbanwasterwater,thewaterofthewatersourceareaalsoconcealspotentialproblemsofbio-pollutionbyspecificorganismsparticularlyfoundintheSouth,,relevantmeasuresshouldbeadoptedassoonaspossibletocontrolpollutionanddGanziregions,,theysufferfromserioussoilerosioncausedbydegeneratedgrasslands,desertificationandwildrats,whichnotonlyrunagainstwaterconservancyatthesource,butalsoseriouslythreatelutionandecologicaldamagesmalongthemiddleandeasternr,theprop%.In2001,eightministriesandgovernmentdepartments,includingtheStateEnvironmentalProtectionAdministrationandtheStateDevelopmentandPlanningCommission,carriedoutaninspection,whichdiscoveredthattherewasnofundamentalchangeinthestructuralpollutionalongtheHuaiRiver,anditwasespeciallydifficulttobring,52sewagedisposalplantsshouldbeconstructedintherivervalley,promotingco-ordinatedeconomicalongthewaterdiversionroutesAsahugecross-valleyandlong-distanceproject,thesouth-to-northwaterdiversionprojectmayinvolvestate-levelecologicalprotectionzonesoroftheseareas,,effortsshouldbemadetobringbenefitratherthanharmtotheareas,effectivelymaintaintheecologicalprotectionzonesandspeeduptheareasandtheconstructionofsmalltowns,resettlementanddevelopmentoftownshipandvillageenterprisesalongthe,themajorcausesofthedisasterincludedisrepairofthewaterconservancyprojectsandtheconstructionoftownshipandvillageenterpriseandprivatepremisesinsidetheflooddischargeandfloodstorageareas,,whileeffortsshouldbemadetoeffectivelyplanandprotecttheflooddischargeandstorageareas,relocatetheprivateandthetownshipandvillageenterprisepremisesfromtheareas,andincorporatetheeffortofconstructingsmalltownswiththatofacceleratingthedevelopmentof,effortsshouldbemadetoprotecttheimmediateinterestsofimmigrantsandensurethattheyarecontentwiththeirnewhousingandjobstopreventthemfromreturningtonativeplaces....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.、金沙城下载app送奖金用户至上威尼斯人盘口平台LiuShijinEconomicrestructuringinvolvesmanyissuesandthefollowingopinionsareherebyputforwardwithregardtothegoals,themainthemeandprinciplesthatnee,economicdevelopmegrowthontheonehandanddownsizesbackwardproductioncapacityontheotherhandthroughtechnologicalprogress,industrialtransformation,aswellastheinnovationofthesystemandorganization,“TenthFive-YearPlan”,itisarestructuring,whichcomesattheendoftheperiodofscarcity-inducedeconomyandanoversupplyoftraditionalindustries,verafairlylongperiodinthefuture,anumberofnewfast-growingindustriesmustbecultivatedthroughindustrialupgradingafter,itisarestructuringaimedatincreasinginternationalcompetitivenesswhenthetrendofeconom“advancesandbackingoffs,”thecomparativeadvantageofourcountryshouldbebroug,itisarestructuringaimedatpromotingtechnologicalupgradingwhentechnologicalprogresshasbeenacceleratundofrestructuring---todevelopnewandhi-techindustriessoastonarrowthetechnologicalgapwithdevelopedcountriesinsomekeyareas;totransformtraditionalindustrieswithnewandhightechnology;andtoestablishamechanismoft,itisarestructuringaimedatforminganewmechanismforstructuraladjustmentwhenmajorprogresshasbeenachievedinestablishingamechanismofasocitionstemlargelyfromthedeep-rootedcontradictionsandproblemsleftoverfromtheolentionnotonlytothestructuraladjustmentitself,,twobasicgoalsshouldbesetforthenewroundofstructuraladjustment:oneistorealizestructuraladjustmentthroughpromotingindustrialandtechnologicalupgradingaswellasincreasinginternationalcompetitiveness,soastomaintainarelativelyhighgrowthrate(presumably7-8%)overafairlylongperiodoftime(presumablyaround10years),theotheristoacceleratetransformationandconstructionofsystemsduringthereadjustment,soastoestablishanewself-adj’,ment,,(particularlythosetownshipenterprisesthatemergedinthe1980sby"departingfromfarmlandwithoutleavingthehometown"),tralandwesternareascontinuestowiden,andthe,,levels,,,clothi,transportationandotherserviceconsumptionaimedatimprovingthelivingstandardhasmetsystemandpolicybarriers,whichledtoa“consumptionfault”.Inruralareas,somekindofconsumptionc,ervicestotraditionalstate-ownedenterprises,,smallandmedium-sizedenterprisesandsomefast-growinghighandnew-techenterprises,whichhaveplayedanincreasinglyimportantroleintheeconomy,,,andtheadjustmenttasksof“advancesandbackingoffs”“effectivelymobilizingsocialforcesforinvestment”roved....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.ChengXiusheng,LuHuapu,,roadcapacityinChinesecitieshadbeenlow,theper-capitaroadar,roadconstructionbegantospeedup,,maintaininganannualgrowthofabout10%.Althoughthegrowthspeedwasfast,itstilllaggedfarbehindthe20%,vehiclesinChinesecitiesgrewatanannualrateofmorethan15%,andtheannualgrowthrateofprivateautomobileswasashighas28%.fhighefficiency,energysavingandlowemissionaretobedeveloped,,improvethecitystructureandregion,thefastgrowthofautomobileswouldgiverisetosuchproblemsasenvironmentalpollution,slowerdrivingspeed,increaseinthenumberoftrafficaccidents,thelowerlevelofpublictransportservice(lowerdrivingspeedandlowpunctuality),anddi,thepublicbustransport(includingtrolleybus)inbigcitieshasbeenshrinkingintermsofoperationefficiency,operationmanagement,,,,/1,,however,droppedfrom12-14kilometers/hourto5-10kilometers/hour,thenewlyin,ofallmeansoftransportforurbanresidents,theuseofpublicbusdroppedfrom30%toabout10%rivatecars,this,inreturn,resultedawiderareaoftrafficcongestioninciti’urbanizationandthewideruseofvehicles,urbantransportsystemwilloccupymoreland,consumelargeamountofe,China’scurrentresources(includinglandresources)reserveandenergystructure,environmentalcapacityandtheenvironmentalbearingcapaci,DirectoroftheTransportation,WaterSupplyandUrbanDevelopmentBureauoftheWorldBank,stressedthreemutuallysupplementaryprincipleswhenassessingthesustainabledevelopmentofurbantransport:sustainabilityofeconomyandfinance,,citiesindevelopedcountriesachievethesustainabledevelopmentofurbantransportfromthefollowingtwoaspects:comprehensiveplanningoftransportati’snationalconditionsthatChinesecitiesmustmakegreateffortstodeveloppublictranspordevelopmentofacitycouldbeachievedandwhetherwideruseofautomobilesa,landisinshortsupply,populationdensityishigh,therefore,ntprincipleofgivingprioritytopublictransportforurbanpassengertransportation,andthispolicywasclearlystipulatedinseveralStateCouncildocuments,itiesandintheprocessofurbantransportplanning,con,includingpriorityincapital,planningandconstruction,orintermsofthelong-termdevelopmentstrategyoftheurbantransportation,priorityisgiventoconstructingthefasttracktransportsystem,ictransportsystemintermsoftimeandspace,toincreaseitsspeed,shortentimespentonroadandimprovethetranspor,,inHongKong,carsarenotallowedtomakerightturnsduringrushhoursandonlypublicbuseshavetheprivilegeofmakingrightturns(inHongKong,peopledriveonbenefit).Intermsofspacepriority,specialla,Japan,specialpublicbuslanesaresetalongtheroa,thecityisplanningtoconstructelevatedpublictransportroadsinthecityareasothatthespeedofgroundpublicbusescouldbeincreasedto20km/hfrom10km/emisbasedonthepublictransportsysteminCuritiba,,ithasthefeaturesoflarge-capacitytracktransportsystem,specialroadrights,,italsohastheflexiblecharacteristicsoftheconventionalpublictranspsystem,itisanewandhighlyefficientmodeofpublictransportsolutionwithlowcost,shortconstructionperiod,"groundsubway"nBrazilCuritiba,locatedinsouthernBrazil,(300carsper1,000residents).Thetransportforsu,,thecityhopedtodevelopamodern,,,thelandreservedfovelopedatplacesnearthepublictransportsystem,,designersandplannerspaidspecialattentiontothepublicbusstops(crystaltube-shapedplasticbusstops),whichwereconstructedatthesameheightofthebottomofpublicbus(800mmtotheground).,passengerscouldbuyticketsfirstattheplatforms,andthencou,inordertoreducethestoptime,theleaningpassagefrompublicbuscouldbeextendedtotheplatformwhenthebusstops,sothatp,CuritibafinallydevelopeditsuniqueMetrobussystem....Ifyouneedthefullcontext,ZhaoJinpingAfteritsWTOaccession,Chinahasbeenfacingadualstrategictaskofacceleratingopeningupandexpeditingstructuraladjustmentinordertorespondtothenewchangesininternationaldivisionof,analyzingthebasicfeaturesofforeign-investedindustriesandtheirimpactonstructuralupgradingisofvitalimportanceforstudyingandformulatingindustrialprialenterprisesareclearlybetterthanthoseofthenon-foreign-investedindustrialenterprisesandhavehelpedimprovethetechnicalcompetenceandinternationalcompetitivenessofChina’,theaveragerateofcapitalequipmentofChina’,whichwas31p/totalassets,salesrevenue-profitrateandpercapitasalesrevenuewererespectively41percent,11perc,theelectronicandcommunicationsequipmentmanufacturingindustries,thenon-foreign-dustrialenterprises,terpriciencyoftheforeign-investedindustrialent’sindustryaswhole,includingforeign-investedindustrialenterprises,was912,000yuan,whichwas6percenthigherth,salesrevenue-profitrateandpercapitasalerevenueincreasedrespectivelyby8percent,ctronicandcommunicationsequipment,transp,theycouldberegardedastheannualaverageofthelhavemadetangiblecontributionstotheimprovementoftheoveralltechnicalequipmentandinput-outputefficiencyofChina’,itisalsoamanifestationofthetechnology,swheretheproportionofforeign-investedenterprisesishigher,theexportofthe,theindustriesthathavemoreforeigninvestmenthaveastrongerinternationalcompetitivenessandexportadvantageandhencebecomeanimportantfactorforspurringthedevelopmentofChina’sexport-orientedeconomyandustrialpreferenceforlabor-intensiveindustries,andthisstructuralfeaturreign-investedsectorinallforeilytheprocessingindustriesoffinishedproducts,(1)themonopolyindustriesinthestate-ownedeconomicsector;(2)thedomesticindustriesthathavesolidbasesandenjoymarkedcompetitiveadvantages;and(3)theindustriesthatentaillongertimeforin(orthelesscapital-intensive)anindustry,’slabor-intensiveindustriesorthelabor-intensiveprocessinglinksofthecapital-intensiveindustries,whichenjoycomparativeadvantages,,thelevelofiheindustriesnationwidecanbefurtherdividedintotwofactors:theaveragel,theastries,tmentdistribution,,theroleofforeigninvestmentinpromotingstructuralupgradingis,thepreferenceofforeigninvestmentforlabor-intensiveindustriesoffsetsinacertaindegreetheupgradingeffectoft’homecountries(orregions)forindustrialtransfer,theinternationalmarketstrategiesoftransnationalcorporations,,;twoisthemarketaccessrestrictionsontheindustriesofnaturalmonopolyandtheindustriesofspecializedequipmentinthestate-ownedeconomicsector;andthreeistheneglectofthetechnicaltransformationandupgradingofthetraditionalindustries....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.、DVORZhangWenkuiAnunprecedentedwaveofmergerandaquisition(MA),valueofMAintheworldwasUS$2,500billion,,thefigurerosetoUS$3,,,t’saccessiontoWTOisapproaching,andtheexcessivecapacityandcompetitioninlotsofindustriesareaggravating,indualbackgroundofintensificationofeconomicglobalization,however,itisofgreatimportancetoaccuratelyunderstandthemeaningofrestructuring,correctlykeeptothetargetofrestructuring,,restructuringrefersnotonlytochangesofthebusinessscopesandrelevantassetsofenterprises,andthecontrolofassets,suchasMAspin-offanddivestiturebutalsotoequityreorganizationandtheresultedchangestocorporategovernance,suchastender-offer,sharerepurchase,goingprivate,MBO,andESOP,andrecapitalizationofenterprisesthathaveplungedintodebtcrises,suchasreadjustmentofcategoriesofrelevizationareusuallylinkedtothereorganizationofequityrights,thereo,however,,reorganization,orrecapitalizationoccurstoacertainindustryinamassiveway(especiallywhenrestructuringhasbeenresultedfromMA),ucture,andsubsequentlythemarketbehaviorsandmarketperformanceoftheindustryconcerned,suchasincreasesintheextentofcentralization,specializationorallianceonagreaterscale,loweringofaveragecosts,differentiationofproducts,sincertainindustriesonalargescale,inparticularOfcause,recapitalizationisignitedbydebtcrises,withoutanyargument,whilethefactorslea,especiallywhenbigchangestakeplaceinexternalenvironmentsandinternalconditionsandbreaktheorganizationalbalanceoftheseindustries,,toachievebusinessmy,enlargementoftheextentofspecialization,,fiationoffinancialleverage,andinternalizationofbankingactiviti,underestim,rentitiesofequities,,,marketsofcompanycontrolwoulddevelop,,overheatedpursuitbyenterprisesformarketsharesorevenmonopoly,orenthusiasmonthepartofenterprisemanagersintheexpansionoftheirfieldsofbusinessore,transnationalindu,landregionalboundariesintointernationalmarkets,intensifiedcompetition,andforcedenterprisestor,theyhavenoother“reshuffleofcards”,re-orienttheirmarketingtargets,italmarkets,nstockmarkets,inparticular,haveenabledtheenterprisesinEuropetomakeEurodollaroffersduringtheMAcampaignin1999,andfacilitatedtheannowardthestandardson,too,,aUSeconomist,studiedtheextentofcentrali,ent,thisindexwouldcomeustrialorganizationisgreatandprovidesasolidtheore,Mobil,Boeing,andMacDouglas,forinstance,,,however,theUSgovernmentapprovedthesemergerplanswithoutanydelay....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.LiuShijinResearchReportNo212,:ThereExistsImmenseSpaceforReducingState-HeldSharesThankstotheeffortsintheoretical,policyandpracticalexplorationinrecentyears,majorprogresshasbeenmade,thestateneedstomaintainitscontrolovercertainareas,namelythosethatareimportanttostatesecurity,theareasofnaturalmonopoly,theareasthatprovidepublicgoodsandservices,,thegeneralorientationofthereorganizationofthestate-ownedeconomyandthereductionofstate-heldsha,thereares,thestate-ownedcapitalcanquitfromtheareasofgeneralcompetitiveneywellandwehavereasontobelievethatthestate-ownedcapitalintheseenterprisesdoesnothavetoquit(thatwillhelpthestate-ownedcapitalpreserveandincreaseitsvalue).Butinlightof“majorprinciples”,itisperhapsabetterchoiceforthiskindofhigh-qualitycapitaltoquitandtoreplenishthesoc,theso-calledcontrolcanbeintheformofexclusivestateownershipand,inmostcases,canbeintheformofstateshare-holding,includingabsolutestateshare-holding,,wecanevendrawonforeignexperienceandintroducethe“goldenshare”system,thatis,thestatehasno“controlthesameamountofothercapitalwithaslessstate-ownedcapitalaspossible”.Sointheareaswherethestateneedstomaintainitscontrol,,telecom,electricity,petroleumandpetrochemicalindustriesareactuallythose,whosehigh-qualitycapitalcanbe“soldatbetterprices”.thereductionandrealizationofpartofthestate-ownedcapitalonlychangestheformoftheexistenceofthestate-ownedcapitalanddoesnotnecessarilycauseanylosstoor“drainaway”,itisindeedimpossibletoruleoutthepossibilityofthestate-ownedcapitalbeing“drainedaway”,thelogicconclusionshouldbetorectifytheexistin,,refusingtoreduceandrealizethestate-heldsharescaninnowayguaranteethatsuchcapitalwillnot“drainaway”.Numerousfactsprovethatwhenthestate-ownedcapitaldoesnotflow,theassetdepreciationduetotheoperatinglossesofthestate-,onemayfindthatafterstockreductionandrealization,thestate-ownedcapitalhasavoided,,,thewagesreceivedbytheiremployeeswereonlyaportionofthetotalduetothem,,pension,healthcare,(orthestate-ownedenterprises),thereinfactexistedacontractualrelationshipthatthestateshouldprovidetheemployeeswithhousing,pension,sinceChinabeganreformandopeningupandastherehaveexistedshortcomingsinthecashbasissystemoftheseenterprises,thestate(orspecificstate-ownedenterprises),replenishingthesocialsecurityfundswithearningsfromthereductionandrealizationofpartoftheexistingstate-heldsharescanbeontrolitseconomicresourcesbywayofrunningenterprisesorcontrollingnon-stockandhigh-liquidityformsofassets,suchasbonds,funds,,suchachoicewasinevitable,foritwastrulydifficulttofindotherwaystomanagemoreresources,,however,onefundamentalchangeisthatresourcesorassetscanbreaktheconfinementofmaterialformandtaketheformofvalue,ghtofthenumberofthestate-ownedorstate-runenterprises,:onescenarioisthatthestate(governmentsatalllevels)isincontroloffinancialrevenueequivalentto20%ofGDPandatthesametimepossessestheassetsofthestate-ownedenterprisesequivalenttoanother20%ofGDP,andthattheseenterprisesarepoorlyoperating,mostlymakinglossesandhavingverylittleliquidity;anotherscenarioisthatthestate(governmentsatalllevels)isincontroloffinancialrevenueequivalentto40%ofGDPandatthesametimepossessesacertainamountofbonds,fund,then,enablesthestatetocontrolmoreresourceargeEnterprisesOneimportantprogressinthereformofstate-ownedenterprisesinrecentyearshasbeenthatgreatbreakthroughshavebe,observationsindicat,attentionisfocusedonthelargestate-ownedenterprises,eachofwhichgenerallyhasassetsworthofseveralhundredmillion,,purchasebyprivatecapitalorothermethodsusedtorestruc,oneimportantquestionishowtofindinvestorswithadequatefinancialstrengthtorwnedenterprisesoperateatahigewlargeinvestors,butalsotheissuesrelatingtotheirtechnologysources,,itispreferable,reducingstate-heldsharesmustfocusonthelargestate-ownedenterprisesa,itshouldenabletheenterprisestoformeffectiveinternalgovernanceandorganizationalst,therecanbemanyoptions....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.ItcanbeseenfromCh,,theannualgrowthratejumpedover14percent,,theCentralGovernmenttookstrictmeasuresofmacro-regulationincludingadoptionofadministrativemeasuressu,theslowdownofgrowthduringthisperiodoftimewasanormalresponsetothemeasu,however,,theCentralGovernmenthasshiftedtoanexpansivefinancialandmonet,,andlargeamountsofproductioncapacitiesremainidle,,surplusofproductioncapacitieswhenithasjustreachedafairlyprimarystageofdevelopmentToanswerthisquestion,itisnecessaandfornon-governmentalinvestment--twomajorfactorsrestrictinggrowthofdomesticdemandDemandcanbedivided,firstofall,,theAsianfinancialcrisisin1997anditsseriousinfluenceuponChina’sexportshaveconsti,forinstance,China’,domesticdemandwillalwaysplayadecisiveroleintheeconomicgrowth,fromalongpointofview,theinfluenceofexportgrowthontheeconomicgrowthasawholewillbecomparativelysmaller(asshowninChart2).Domesticdemand,theretailofconsumergoodsinChina’,,,theslowdowninconsumptiondemandgrowthhasitsrootmainlyintheruralareas,:Theabsolutefigurefordomesticdemandisthesumofdomesticinvestmentanddomesticdemandcalculatedincurrentprice,withreadjustmentmadeaccordingtotheaverageindexofnationalincomeduringthecalculation.。

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