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澳门淘金PT超级狮子【hhkpzn.buzz】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。贵州欢傻赶广告传媒有限公司(原神农架臃枷机械设备有限公司)成立于1999年,占地面积38037平方米,銀河体育手机app下载其中生产厂房占地5808平方米,仓库面积占地1172平方米。固定资产1447万元,流动资产5213万元,干部职工共591人,工程技术人员39人。澳门淘金PT超级狮子NiHongriInthefirsthalfofthisyear,theStateCouncildecidedtoreducebusinesstaxrateforfinancialenterprisesfrom8%to5%,,thereisstillasignificantgapbetweenthead’simminententryintotheWTOandthegeneraltrendofopeningupofthefinancialsector,itishighlynecessarytore-examineandstudytheappropriatetaxpolicyandsystemforfinancialenterprisesbasedontheeffectivenessoftheabovepolicyadjustment,thegeneralinternationalpractice,China’sparticularconditions,thedevelopmentofChina’sfinancialsector,thepromotionofthecompetitivenemsinOECDCountriesMosto(directtax)arebasicallysimilartothoseforothersectors(withslightdifferencesinparticularstipulations),buttheirtaxationsystemforindirecttax(namely,China’scirculationtax)followthelightratherthanheavytaxationrules,,thepracticeso,theOECDcountriesdonotlevyindirecttax(whichapproximatelyequalstoChina’sbusinesstax),includingmonetarysettlement,depositbusiness,lending,financialguarantee,noteandstocktrading,futures,optionsandlifeinsurance,an(excepttheUnitedStates)implementtheVATandGSTsystemsandadop(1)taxation;(2)taxexemption,whichallowsnorecoupmentfortheVATofthepurchasedgoods;(3)zerotaxrate,whichallowsrecoupmentfortheentireVATofthepurchasedgoodswhilegrantingtaxexemption;and(4)VATexemptionforfinancialservices,namely,financialservices,olicyformostfinancialbusiness,suchasmonetarysettlement,thetaxbaseofVAT,thenon-recoupingtaxationfortheincomeofthepurchasedgoodsisclosetothe“correct”taxationofthefinancialservicesand,therefore,ises,itwillnotonlybedifficulttooperatebutancialservices,suchasthecustody,,,,basedonrelevantdata,itleviesconsumptiontaxoninsuranceservic,Japantaxesitsfinancialservicesectorwithsignificantlymore,,%educationtaxlevied’sTaxationPoliciesandSystemforFinancialEnterprisesSincethestartofthereformandopeningup,andalongwiththefinancialsystemreform,therelationshipbetweenthegovern’stu,thefinancialinstitutionsnowpaytaxesandthegovernmentmakesinvestmenttosupplementth,especiallyforthestate-ownedfinancialinstitutions,to“differentiate”,therateof%%rateo,therateofenterpriseincometaxforthestate-ownedfinancialinstitutionswasadjustedto33%,whiletherateofbusinesstaxforallfinancialenterpriseswasraisedfrom5%to8%.SinceMay1,2001,therateofbusinesstaxforfinancialenterpriseswillbereducedto5%,itwillstillbehigherthanthe3%rateofbusinesstaxforthetransportation,telecommunicationandconstructionandinstallationsectorsinChina,,theChinesefinancialenterprisesbearagreatertaxburdenthanfinancialenterpriseswithforeigncapital,asthelatterenjoypreferentialtaxtreatmentintermsofenterpriseincometax,andareexemptedfromthemunicipalmaintenanc,uptothepresent,thestate-ownedfinancialinstitutionsstilltakeupadominantproportioninthefinancialsectorandholdup60%-ownedfinancialinstitutionssomehowleadsthegovernmenttoregardthestate-ownedfinancialinstitutions,especiallythestate-ownedbanks,asthe“secondarypublicfinance”orstatecoffers,,th,majoradjustmentsinthefinanceandtaxationsystemsinthepasthavebeenbasedonshort-termpublicfinanceinterests,andthetaxationsystemofthefinancial,comparedwithothersectors,t,underChina’scurrentinterestmanagementsystem,thegovernmentmaycontrolandregulatetheprofitsoffinancialenterpriseswithtaxleverag,’sFinancialEnterprisesundertheCurrentTaxationSystemAlthoughVAThasbeenadoptedinChina,duetovariousreasons,theVATsystemhasnotbeenappliedtosomeservicesectors,suchasthefinancial,transportationandconstructionsectors,asedgoodswhenpayingbusinesstax,’staxationframeworkdominatedbythecirculationtax(internationallynamedasindirecttax),financiale,theamountofcirculationtaxpaidbyfinancialenterprisesisoverRMB50billionyuan,,ncialenterprises....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.XieFuzhanEconomicsecurityandotherelementslikeeconomicgrowth,fullemployment,economicstabilityandequa’smacro-managementdifferatdifferentdevelopmentstages,indifferentcountriesandagainstdifferentinternationalbackgrounds,buteconomicsecurityisthetargetofmacr,eachcountryisgraduallyexpandingitsopennessandthecross-countryflowofcapital,information,,thereisnoeconomicsecurityforindividualsandhouseholds,,wealsoneedtopayattentiontoandconcernaboutanumberofhouseholdsandindividualstroubledandthreatenedbyeconomicsecurityproblemsevenwh,socialandenviron:first,theinfluencesofmacro-managementonhumaneconomicsecurity;second,thechallengesfacingChina’seconomicsecurity;third,ecurityofindividualsandhouseholdsinvolvesemploymentopportunities,incomelevel,wealthappreciationanddepreciation,utofpovertygraduallywhilewealthyindividualsandhou;short-termorlong-termandsustained;:First,,fastandhealthynationaleconomicgrowth,,,Chinahasbeenstickingtothepolicyoftakingeconomicc,%,andtheannualgro%.%.om250millionbeforethereformandopening-upto34millionbytheendof1999andthegenerallivideconomicdevelopmentwiththenationalforeignexchangereservetotaling160billionUSD,,,nomattercausedbyinflationordeflation,willexertnecome,tojoblesspeopleandtopeopleandhouseholdsbelongingtothedepartments,sect,duetothesupplysurplusonthemarket,,whichresultinunemploymentordeclinedincome,,,theincreaseofnetincomepercapitaforruralresidentssloweddown,andin1990and1991,theincreaseratewasonly2%.Undertheconditionofdeflationin1997and1999,the,therewereincreasedlaid-offworkersanddecreasednewempl,Chinesegovernmentincreasedbyalargemargintheincomeofmediumandlow-incomeurbanresidents,andtookmeasurestoissuetimelythebasiclivingcostallowndandoptimizingthequalityofmacroeconomicoperation,ontheotherhand,,currentlyinChina,somemacro-policieshave,thechangesinemploymentsystemhavebrokenthe“ironbowl”oftheplanningeconomicsystem,whichhaveraisedtheuncertaintyofpeople’sincomeexpectationandpeople’sawarenesstohandlecrisisinfutureeconomicsecurity,,housingreformandmedicalcarereformhavebrokentheoriginalbenefitdistributionpattern,,thereformofhighereducationsystemhasincreasedtheprospectexpenditureonchildren’’sfutureincomeandexpenditurebalancebroughtbythesereforms,people’sconsumptionpsychologyandbehaviorhavebeenaffectedandtheirreactiontot,butmanyreformmeasuresaremorefavorabletopeoplewithvestedinterestsandresultedingreatervulnerabilngreformandimplementingmacro-policies....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.。

    ZhaoYangResearchReportNo58,2001Inthelatterhalfofthe1990s,’netincomehas,from9%in1996,%lastyearafterfouryears’,thefarmers’,thefarmers’burdenisstillserious,especiallyinthecentralandwesternregions."Increasingincomeandreducingburden"hasbecomeahard’,thecentralgovernmenthaspaidmuchattentiontoreducingfarmers’,,severeconftforsuchalongtimeWereviewedtheresearchofdomesticandforeignscholarsandsummarizedtheirviewsintothefollowingthreeaspects:Oneoftheirviewsisthattheincreasinglyheavyburdenisaresultoflocalcadres’,thevillagesinthecentralandwesternregionsdonothaveothersourcesforinc’s"thetheoryofincomesources",,ontheonehand,,thegrass-rootsorgani,itisnouseblaminglocalcadres,becauseinthesecases,theincreaseoffarmers’alsatthecounty,,givingrisetotheso-called"payrollbudget.",themostimpo’burden,,muchofthefarmers’burdeni’’burdenisabout140billionyuanayear,,8billionyuanofcashpaymentinplaceoflaborcontributionandabout20billionyuanof"indiscriminatecharges,finesandlevies".Theviewfromthetheoryof"incomesources",’income,especiallythedevelopmentofcollectiveeconomy,,thetownshipenterprises,evenintheeasternregion,,therefore,itisobviouslyimpracticaltoreducethefarmers’"overstaffadministration",ifwecarefullyanalyzetheburdenstructure,wewillfindthatmuchofthetownshipfinancehasbeenusedinbuildingroads,constructionoffarmlandandschoolbuildings,,somepeoplesimplybeliev,thisitemofexpensesarehardtobecutthrough"trimmingadministrativestaff"iftheproblemwithcurrenteducationsystemandirrationalallocationeducationresourcesisnotsolved....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.--AsurveyreportfromSOEmanagersin2000ResearchReportNo53,2001TheChineseEntrepreneursSurveySystemunderthePersonnelCentreoftheDevelopmentResearchCentreoftheStateCouncilandtheResearchDepartmentofChinaEnterprisesFederationjointlyorganizedandimplementedthe"2000:Asurveybyquestionnairesamong1,000SOEmanagers".Atotalof4,000questionnairesweredistributedattheendof2000and1,ses(SOEs)basedin31provinces,autonomousregionsandmunicipalitiesexceptHongKong,,%,46%%.Thesurveyshowsthatmostofthemanagersagreethattheadministrativereformandrelationshipadjustmentbetweenthegovernmentandenterpriseshaveachievedinitialresults;gratifyingchangeisseenintherelationsbetweenownershipandmanagementofenterprises,thepositionofthestateasaninvestorhasgraduallybeenclarified,andthesimultaneousassessmentofmanagersandstateassetshaschangeddrastically;thenumberofenterprisestransformedinstructurehasincreased,butthereisalongwaytogobeforeasubstantialprogresscanbemade;theenterprises’stockrighthasbeenmorediversified;’effort,sifymanagementandhavethereforemuchupgradedtechnologicallevel,butcomparedwiththedevelopedcountries,therestillexistsawidegap-theinvestmentinRDisnotsufficient,andtechnologicaldevelopmeivemeans;thestatelawsandregulationsexerciseeffectivepowerovertheenterprisemanagers,buttheappointmentofthemandtheirdeputiesaremainlymadebysuperiordepartments;lackofincentivemechanismandadministrativeinterfer,themanagershaveputforwardquiteafewsuggestionsforthegovernmenttoimprovemacroeconomicenvironment:thegovernmentshouldcreateamorelenientclimateforSOEs,stepupeffortstocurb"arbitraryfines,chargesandlevies",furtherreducethetaxburdenonenterprises,continuetoseverelycrackdownonsmugglingandimprovemarketorderthroughstricterl(1),th"howwouldyouevaluatethecurrentadministrativereformandadjustmentofgovernment-enterpriserelationship",1%ofthemanagersresponded"verysatisfied";20%ofthemsaid"fairlysatisfied";%"so-so";%"notquitesatisfied";%"verymuchunsatisfied."Thisindicatesthatamajorityofmanagersbelievedthattheadministrativereformandadjustmentofgovernment-enterpriserelationshiphasgainedinitialresults.(2)Theenterprises’,"guaranteeingenterprises’decision-makingpower",45%ofthesurveyedsaid"fairlygood";%"so-so";%"fairlybad".Thesurveyindicatesthatthe14itemsofdecision-makingpowerthatthestatedecl,moreeffsesandEstablishmentofaModernCorporateSystem(1)Gratifyingchang"Inwhataspectshastherelationsbetweenownershipandmanagementofyourenterprisebeenstreamlined",%ofthesurveyedanswered"thepositionofthestateasinvestorhasbeenclarified";31%agreedthat"thevariousself-decisionrightsoflegalentitieshavebeenbasicallyguaranteed";%said"enterprises’corporategovernancestructureiscomplete";%sharedthat"therepresentativeororganofstateownershipisclear";%ofthesurveyedbelievedthat"enterprisecorporategovernancestructureisreallyfunctioning";%replied"therelationshasnotbeenstreamlinedyet".Onthequestion"whethersomebodyororganisexercisingtherightofstateshareholdersonbehalfofthestate",%ofthemanagersreplied"yes"%,"no".,"whetherthedepartmentororgantoassessyourmanagersarealsoresponsibletoassessthemaintenanceandincreaseofstateassetvalue",80%ofthemanagerssaid"yes"andonly20%"no".ntrelations,butals,,%ofthemanagersbelievethattheircompanieshaverealizedstockrightdiversification.(2)%ofthemanagersreplied"havealreadyrestructured";%"notrestructuredyet";and39%"beingrestructured".Whatdoestherestructuringmeantoth%oftheanswerswere"thecompanies’internalmanagementsystemhasbeenimproved";%ofthereplieswere"theownership-managementrelationsareclarified";%oftherespondentssaid"ascientificandstandardizedcorporategovernancestructurehasbeensetup";%,"decision-makinghasbeenmorescientific";%,"thedecision-makingpowerhasbeenexpanded";%,"theenterprises’performancehasobviouslyturnedforthebetter"....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.10-200米GuoLihongTheproblemofaccessofnon-publicinvestmenttoinfrastructurearosefromtheneedfordevelopment,,%annuallyonaverage,almostni,governmentenlargedpro-activefiscalinvestment,,statisticaldataoninvestmentofvariouslocalitiesoverth,suchasdifficultiesinfinancingorobtainingbankloans,thisarticlewillfocusoninfras(barriertomarketaccess)fairsTheStatePlanningCommissioninearly2000adoptedthemostliberalattitude,itannouncedthe"abolitionofforbiddenareastonon-publicinvestmentwiththeexceptionofthoserelatedtostatesecurityorinneedofstatemonopoly,alltheotherareasshallopentonon-publicinvestments."Atfirstglance,,"accesstoallareasexceptthoseoutofbounds(tonon-publicinvestment)".,therearetwoapproaches--exclusiveorexhaustivelistingsofthedosanddon"RegulationsfortheZhongguancunSci-techPark"adoptedbytheStandingCommitteeofthePeoplesCongressofBeijingMunicipality,"anyindividualsororganizationsmayengageinactivitiesnotexplicitlyforbiddenbylaws,decreesandregulationsintheZhongguancunSci-techPark".:"Large-scal(SOEs)quitfromthecompetitivesectors,givingwaytoprivateenterprises,,thereadjustmentplanfortheoperationsscopefortheSOEsisasfollows:,includingthenationalsecurity-relatedindustries,suchasmilitaryindustry,mintingandaerospaceetc.,resourceindustriesthathavedirectbearingonthenationseconomyandthepeopleslivelihood,suchasoil,naturalgas,forestry,andpublicutilities,suchastapwater,electricity,nmonopoly,,ironore,cementandnon-ferrousmetals;high-techindustriesrelatedtocomprehensivenationalstrengthorcompetitivenesslikecomputer,newmaterials,andbioengineering;andgrowingpillarindustriessuchaselectronics,motorvehicles,s,consumergoodsandservicesinparticular,whichshallbereadjustedthroughmarketmechanismandthenon-publiceconomywillplaytheleadingrole,,non-publicenterprises(includingthosefromoverseas)gasandelectricityfromwesterntoeasternregions,fore"large-sizedprojectsshouldberunbySOEs",suchascement,electronics,computer,motorvehiclesandnewmaterials,,thecentraldepartmentsshouldworkoutassoonaspossiblearationalandfeasiblecatalogue,whichshoapi,kersLocalgovernmentshavenoqualmsaboutencouragingnon-publicsectorstoinvestincompetitiv,theriseofprivatetextileenterprisesinthevillagesandtownsoftheeastcoastalJiangsuandZhejiangProvinceswillonlysqueezeoutState-ownedtextilemillsinBeijingandXi’an,andthegovernmentsesultedfrominvestmentbythenon-publicsectors,whoseefficiencyhasbeenuniversallyacknowled,itsallone(Celebrity)Company,whichhadsuccessfullybuiltabridgeinCitongCounty,intendedtoinvestinbuildingacross-seabridgeinQuanzhou,itencounteredvisible,,perhapsonlythelocalgovernmentsinWenzhouandTaizhoucitiesofZhejiangProvincehavebeenadheringtotheprincipleof"threefavorable"(,nationalstrengthandthepeopleslivingstandards),XinzhouDistrictGovernmentofWuhanMunicipality,oninvitingtendersforenlargingawaterworkswithadailyproductionoffivetonsofwaterandrelatedpipingandnetworks,turnedtoadomesticbidderfromthenon-publicsector(theWuhanHaidaCompany),theHaidaCompanybackedout....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.。

    金狮线上网址eoverthegainsandcostsofChina’sentrytoWTOaccordingtothecommitmentChinamadeduringthenegotiationssothattheinstitutionsofvarioussectorswons,weadoptedthecalculablegeneralequilibriumapproachtoanalyzetheoverall,departmentalandregionalimparkandaffectedbyexogenousshockorpolicychanges,,stimulatedbytheWorldBank(WB)andotherinternationalorganizations,manyresearchersusecalculablegeneralequilibriummodeltoanalyzet’svariousdepartmentsandregions(DRCCGE).IttakesintoconsiderationthestructuralcharacteristicsofChina’seconomyintermsofforeigntrade,’,,weadoptedthelatestinput-outputtable(1997),web,thismodelanalyzesandtakesintoconsiderationoffouraspectsconcerningChina’sentryintoWTO:(1)Reductionoftariffonindustrialproductsandeliminationofnon-tariffbarriers;(2)Reductionoftariffonagriculturalproductsandintroductionoftariffquotamechanism;(3)Increaseofforeigncapitalinflowduetotheopeningofmoreinvestmentareas;(4)EliminationofMFAquotaforChina’,wehavenotincludedsomeotherimportantaspectsrelatingtotheWTOmembershipintheanalysis,suchasopeningservicetrade,intellectualpropertyright(IPR),’,itisassumedthatChinajoinsWTOin2001andpolicycha–fre-allocationbasedoncomparableadvantageswhilethelatterreflectsthe“overfloweffect”causedbytheexpansionofforeigntradeandentryofforeigncapitalastheyarepromotingmarketcompetitionandintroductionandabsorptionoftechnologies,ionisconsidered,afterChinaimplementsitscommitmentsforWTOentryin2005,China’(pricein1997),%considered,weestimatethattheWTOentrywoulddriveupChina’,wecanfindthatagricultural,it,’(SeeChart1).China’stextileandgarmentsectorwillbethemainbeneficiaryof(automobiles,edibleoilandwheat),astheimportquotasforwheatandcottonincreasemoreslowly,by7%%respectivelyfrom2000to2005,’movementand,theshrinkageofagriculturemeansthatpartofthe,from2001to2005,m,ductsareofsignificancetothetransferofChina’,theirgrowthwouldbeconducive’sentryintoWTO,fWTOwouldnotthreatenChina’,thegrainself-sufficiencyratewouldstillbekeptatmorethan94%.cgrowthofChinaandbringsgreatgainstothecountryingeneral,butthimportprotectionmeasures,,whichwouldint,somefarmerscouldtransfertoothersectors,butcomparedwiththebenchmark,ruralresidents’%%.Consideringthealreadybigurban-ruralincomegap,China’sentryintoWTOwouldbringnegativeimpactovertheincomedistribution....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.’sAutomobileIndustryNotCompetitiveOfthemanyindustriesinChina,,Chinahasseensomefast-developingindustries,,theyaregenerallyhealthyanddynamic,andoutperformotherindustriesinproductupgrading,technologicalprogress,quality,serviceandguaranteeingconsumers’’hefactthattheyhaveexperiencedaprocessofmarketopeningandintensivecompetition,thussolvingthethreekeyproblemscrucialtothedevelopmentofanindustry:First,the"discovery","screened"throughcompetitionbeforebeing"discovered".Anyindividualsororganizationsincludingthegove’sadvan,thelearningandtrainingofenterprises’competitiveness."Competitivenesscanonlybeacquiredthroughcompetition"’smarketing,management,RDandfinancingabilitiescanonlybeacquiredandaccumulatedfromthetwistsandturnsinthecourseofcompetition,andconsequently,theorganization,,,,raiseproductquality,improveservices,,bothbelongingtoprocessing,assemblingandmanufacturingindustries,aresimilarintermsoftechnologicalandmarketstructure,forinstance,theybothhaveahighdemandforscaleeconomyan,autoindustryhasnotshowntheactivedevelopmentmom,weshould,inparticular,reflectonandexamine,inadditiontotherestrictiononthemodel,varietyandspecificationofautomobiles,thecompetitionisnotcompleteandlimited,andfrombeingunleashed,andatthesametime,"EstablishingtheCompetitiveEdgeasaBigCountryintheCourseofOpening":TheOptionfortheDevelopmentPatternofChina’sAutoIndustryundertheNewSituationThedevelopmentpatternofChina’sautoindustryunderthenewsituationshouldproceedfromthecurrentdomesticandofautoindustry,especiallythoseofthenewlydevelopedcountries,"establishingthecompetitiveedgeasabigcountryinthecourseofopening".Thismeans,firstly,,weshouldgraduallyintegratetheautoindustryintothesystemofinternationalworkingdivisionundertheframeworkofWTOsoastoadapttoandmakeuseof,notreject,,Ch,itshouldtakeanactivep,,theadvantagesofChina’sautoindustryincludetheoverallcapabilityofthemanufacturingindustry,,,strategyandpoliciesundertheopeningpolicyinordertoturnthere,,China’shugemarketwillyi,China’sdom,itcanalsoprovidespacelargeenoughforala,Chinesemarketisnotonlylarge,butalsoappearstobeobviouslymulti-layered,whichisconduc,thenewdevelopmentpatternshouldincludethefollowingfeatures:mobilesinthefuture20to30years,China’scurrentautoindustrywithmanufacturingandm,therewillbeanecessary,possible,toputitmoreprecisely,unavoidableprocessofcompetitiondesignedtoselectadvantageousenterprises,raiseenterprises’urrentindustrialbasis,thegradualentryoftransnationalcorporationsandthegovernment’srationalpolicyguidance,competitionwithintheautoindustrymaytakeondifferentcharacteristicsfromthatintheelectricalapplianceindustry,andthe;asthegovernment’sdirectinvestmentstops,variousresponsibleinvestorsincludingnon-stateinvestorsshouldbeallowedtoentertheindustry;theadministrativemonopolybydepartmentsandregionsshouldbefurtherdoneawaywithsoastoformanopenandunifieddomesticmarket;competitionordershouldberegulated,andnewsystemthactiveandfullcompetition,,wewillhaveeveryreasontopredictthatinashortperiodoftime(fiveyearsorlonger),Chinawillhaveabatchofcompetitiveenterpriseswithinitialinternationalcompetitiveness,whichincludejointventureenterprises,solely-foreigninvestedenterprises,ionalcorporationswillbeacomponentofthecountry’’sentryintoWTO,thetransnationalcorporationswillhavetwochoices:first,exportingcarstoChina,second,,’sentryintoWTO,weshouldrelaxorabolishtherestrictionontheequityandlocalizationratesetforforeigninvestorsatapropertimesothattheywouldmakemelyimportanttoproductupgrading,speedinguptransnationalcorporations’transferoftechnologiestoChina,,weshouldencouragedomesticenterprisesandenterpriseswithdomesticcapitaltocultivatetheircorecompetitivenessandsupportthemtocooperatewithforeign-investedenterprisesinvariousforms(notjustjointventure),especiallytheireffortindeveloping,upgradingandenlargingthescaleofRD,ndentde,butmoreoften,theywillcooperate,uniteandmerge,eventuallyraisingtheoverallcompetitivenessofChina’sautomobileindustry....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.Inthisformula,Yrepresentsthegrowthrateofoutput,Fstandsforthegrowthrateofkeyfactorsofproduction,αi,meanwhile,indicatestheproportionoftheremunerationsofvariouskeyfactorsofproductioninoutput.(Thesumtotaloftheremunerationsofvariouskeyfactorsinproductionundertheconditionoffullcompetitionandneutralityofscaleremunerationis1,,theremunerationsofvariouskeyfactorsofproductiondivideuptotaloutputcompletely.),however,,canbefurtherdecomposedintotwoparts:(1).Movementofproductionfunctionitself,ortechnologicalprogressinastrictersense.(2).Effec,,whatproductionfunctionstandsforisthemaximumoutputachievedby,theyaxlerepresentsoutput,andTE1andTE2showthetechn(1957),Aigner,Lovell,Schmidt(1977),andMeeusenandvandenBroech(1977):Me,theinSolow’sframeworkcanbedividedintotwoparts--technologicalprogressandchangeoftechnologicalefficiency,,economicreforminfluencesproductivitygrowththroughtwochannels,,thatis,toimprovetheoutputlevelbywayofrevolutiontoletitapproachthepossiblefrontierofproduction(toimprovetechnologicalefficiency),theanotherchannelistopromoteinnovationandinvention,thatis,’sproductivity,especiallythechangesthathavetakenplaceinthetwocomponentpartsofproductivity,whenwetrytounderstandtherootcauseofChina’secono,thepaperextendsthetraditionalSolowmethodbyintegratingitwiththemethodmentionedabovetoconstructionfunct:(1).Theremunerationsofproductionscaleremainunchanged.(2).Theoutputelasticityofcapitalandlabourchangeswithtime,andthestructureofproductionfunctionchangesaccordingly.(3).Technologicalprogressmovesatdifferentspeedduringdifferentperiodoftime.(4).,,however,productivitycanbedecomposedintotwoparts:uction,whilethelatte,underdevelopedcountriesandregionscanachievepositiveproductivitygrowthbynarrowingthegapbetweentheiroutputandoptimumoutput(improvementofefficiency).Thismethodofdecompositiondistinguishes,fromaquantitativeangle,theeffectproducedbyeconomicreformsonthelevelandgrowthoflong-termeconomicgrowth(Lucas,1988).Ontheonehand,theleveleffectofeconomicreformsleadstogrowthofactualoutput(movetowardthepossiblefrontierofproduction),andontheotherhand,thegrowtheffectmeansthateconomicreformleadstosustainabilityofeconomicgrowthbyraisingtheleydisappearwiththeelapseoftime,lyzethepane,,,autokofStatistics,withth,apricee"man/hours"....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.澳门淘金PT超级狮子重合同守信誉企业市级明星企业,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.ChinaEntrepreneurSurveySystemResearchReportNo212,2001TheChineseentrepreneurssurvey2001wasorganizedbytheChineseEntrepreneur,000questionnaireswereissuedinmid-August2001,ofwhich4,’s31provinces,autonomousregionsandmunicipalitiesdirectlyunderthecentralgovernment,exceptHongKong,,state-owedandnon-state-ownedenterprisesrespectivelyaccountedfor31percentand69percent,andthelarge,,,generalmanagers,chiefexecutiveofficers,nincl,thesurveycoveredcorporatesystemchange,economicrestructuring,marketeconomicorderregulationandChina’wnturnintheUnitedStatesandJapan,China’’smacroeconomicperform,however,entrepreneursbelievedthatproblemssuchassaggingeffectivedemandandfinancingrestraintswerestillimpedingthedevelopmentofenterprisesandthatteadyprog’songoingeconomicrestructuringwastodevelophigh-anditutedthekeytocopingwithChina’sWTOacces,theybelievedthatcorporategovernanceneededfurtherimprovementandhopedthatthegovernmentcouldfurtherregulatemarketeconomicorder,,China’,however,thedemandforChina’sexportswa,ingeneral,,“normal”.“rathercool”or“toocool”.Thisproportionisroughlyidenticalwiththatinlastyear’ssurvey,’smacroeconomicoperationthisyearhaslargelymaintainedthegooddevelopmenttrendsince2000(seethefollowingfigure).Figure1ProportionofEntrepreneursBelievingMacroeconomicOperationWas“RatherCool”or“TooCool”inRecentYearsZhangChenghuiResearchReportNo162,cingactivityreferstoinformallyorganizedpublicfinvestmentandfinancingprocesseswherethesurplussocialcapitalsaretransfondepartmentsaresovigorousistyaimedatservingtheprivateeconomyandfillingupthevacancyofthesupplyanddemandmarket,ficultiesSincethereformandopeningup,China’,householdindus,,,theto,,,,ts"supplementary"s,however,thefinancingdifficultythathasalsystemandstructuralproblemsintheformalfinancialsystem,neitherthecapitalmarketnorthefundmarkethasev,about80percentoftheenterprisesregardfinancingdifficultyastheirmajordevelopmentobstacle,andover90percentofhouseholdandprivateenterprise(exceptlistedcompanies),theirowncapitaltakesup65percent,privateloansandcommercialcreditstakeup25percent,bankloansonlytakeup10percent,rivateenterprisescanhardlysatisfytheircapitaldemandthroughformalchannels,informalfinancingactivitieshaveremainedvigorousinareaswithdevelopedprivateeconomyandhavebecomeamajorsourceyrestrictedvarioustypesofprivatefinancingactivitiesandstrictlybanned"illegalfundraising"activities,,theymainlytakethefollowingways:,privateborrowingmarkethasneverceasedthanthatofbanklending,manyurbanresidentsinvestedtheirfundsintothismarketall-sizedenterprises,downstreamenterprisesdelaytheirpaymentsforupstreamenterprises,enterprisesdelaypaymenttooneanother,a,whenenterprise,theguaranteedenterpriseusesitsenterpriypartytodoso,thecreditor’,significantnumberofunderground(orsemi-underground)privatebanksandmiddlemenhds,:First,strength,buttheyhavetopayinterestsforinformalfinancingatadoubleratethanthatoftheformalfinancing,,’scapitalmarketrevealsthatthecostforlistingisveryhighwhetheranenterprisegetsdirectlylisted,orthroughpurchasingthemajor,,,duetohighinvestmentrisks,,,asthesharesofnon-listedcompaniescanhardlycirculate,manyundergroundtransactionstookplace,,undergroundstocktransactionsusedtoprevailinXi’an,Chengdu,Hainan,,theincomesfromstockownershiptrusteeofonly50enterprisesdelistedfromthestockexchangeamountedtoRMB30millioninoneyear,uitycirculationbycertaindegree,theyalsocreatedlotsof"primarysharefrauds".Somecompaniesjoinedtoge,aldoesnotonlyintensifytheproblemofchain-debtsinsociety,,,inter-en,however,,somelawlesspeoplehaveexploit,withsomeloansgrownfromthesizeof"ant"intothatof"elephant",andtheborrowersbeenruined,whichseriouslyaffectedsocialstability....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.--------------------------------------------------------------------------------1DatafromtheAll-ChinaFederationofIndustryandCommerce.,someimportantdevelopmentshavetakenplaceinstructurala,theautomobileandthehousingindustrieswcommercialhousingremainedover20%.FromJanuarytoJulyin2001,,%,theproportionofsalesofcommercialhousingtoprivateownerstookup85%,whilethegrowthofdemandforprivatehousingbec,thegrowthintheincomesoftheautomobileindustryroseevenhigherto25%,whichwasonlynexttotha,theautomobilepartsmanufacturingsectorachievedanevenfasterincreaseandmaintainedagrowthrateofover40%,th,%;%%respectively,,thecomparativeadvantageofcerta,internationalmulti-nationalcorporati,thePhilipsElectronicGroupmoveditsentiremobilephonemanufacturingcapacitytothejointventureinShenzhen,sShanghaibaseto14millionnextyear,sChinamanu,angeexpressedtheintentiontomovethemanufacturingbaseselsewhere,while70%,thegrowthrateofthe,thesalesincomeofthecoalindustryhasgrownby15%,cceleratedgrowthofthehighenergy-consumingheavyindustryandrawmaterialsindustry,aswellasthefluctuatinginternationaloilprices,,suchastheconstructionindustry,themachineryindustry,thelightindustryandtheautomobileindustry,aswellastheincreaseininternationaldemandforsteel,,,,som,Zhejiang,Anhui,Shanghai,Hebei,Sichuan,rovinceandextendedthereformexperiencefromsmalltownshipstolargecities,eholdsandnon-agriculturalhouseholdsandadoptaprincipleofac,adoptedaregistrationsystembasedonresidentialareasand,themostimportantaretheemergingleadingroleofthehousingandtheautomobileindustries,thetransferoftheinternationa,China’sexportgrowthdecreasedasaresultoftheslow-downofinternationaleconomicgrowth,’,,therefore,,expansionofdomesticdemandshouldbecon,,China’seconomystillremainsinthedual-structuralstagewithsignificantdif,expandtheoveralleconomicscaleandpromotethetransferoffarmerstonon-agriculturalsectorstoraisetheirincomes,andthencreatemarketsforalargenum,theslowgrowthoffarmers’non-agriculturalsectorsandcities,whichiscausedbytheconstr,thepriorityinupgradingtheconsumption,theleadingrolesofthehousingandautomobileindustrieshavejustemergedthereon....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.20108月通过ISO9001:2000国际质量管理。

    我公司以HanJunResearchReportNo044,tegicideaandpolicydecisiontoensurethesustainedandhealthydevelopmentofcrequireme,Chinahadneversucceededinestablishingarelationshipbetweentheurb,thestatehad,industrialandfarmproducewereunabletobetradedonanequalfooting,andthestateobtainedanenormousamountoffundsfromtheagriculturalsectorthroughth’sstatusasthefouother,theprod,forthefarmpopulationintheruralareasandforthenon-farmpopulationintheurbanareashavecausedinequalityinsa,alongwiththeintroductionofmarketmechanism,andthedevelopmentofmarketeconomy,,therehasbeennofundamentalchangeinthedualstructurethatseparatestheurba,,theimbalancedrelationshipbetweentheurbanandruralareasispro,China’spercapitafarmer’sincomewas2,366yuan,whileitspercapitadisposableincomeintheurbanareaswas6,:,medicalandhousingsubsidiesenjoyedbyurbanresidentsaretakenintoaccount,theactualratiobetweentheresidents’incomeandconsumptionintheurbanandruralareaswas1:anareas,andinreturnurbandevelopme,interdependent,,failingtoplantheurbanandruraleconomic-socialdevelopmentinaunifiedwayandfailingtofundamentallychangethedualstructurethatseparatestheurbanandruralareasfromeachotherconstituteatremendousimpedimenttotheexpansionofdomesticdemand,thethrivingofthemarketandtherealiz,theyalsobringaboutaseriousnegativeimpactoisamajorguidelineandamajormeasureputforwardbythe16thNationalCongressoftheCPCafteranin-depthsumming-upofChina’sdecadesofriche,thismajorguidelinealsoputforwardthebasicprinciplesthatmustbeobservedwhenhandlingtherelationship,theruralareasmustnotbeignoredandtheurbanareasmustnotbeoveremphasized,,theurbanareas’roleinhelpingandpromotingtheruralareasintheirdevelopmentandtheruralareas’clearlyshowedthewayandisalsoamajorinnovationforafundamentalsolutionoftheproblemsfacingagriculture,,,theproblemsfacingagriculture,entofChina’snationaleconomyhaseased,theirrationalstructuresofagricultureandtheruraleconomy,thelowoverallefficiencyofagricultureandtheslowincreaseoffarmers’’slivesonthewholehaveattainedthelevelofbeingwelloff,cesoftheentirepeoplehaveimprovedsteadily,buteducation,medicalcareandother’sstatusasthefoundationofthenationaleconomyandtoimprovethefarmers’livingconditions,whereasthewideningincomegapbetweentheworkersandthefarmers,betweentheurbanandtheruralareas,theproblemsfacingagriculture,ruralareasandfarmersconstituteconstraintsofde,thereisaprevailingconceptthatemphasizestheurbanareasandignorestheruralareasconsciouslyorunconsciouslyduetothelong-terminfluenceofthedualiststructuresepre,,thefarmershavetobearmostoftheexpensesfortheoperationoftheruralgrassrootsadministration,foreducationandculture,familyplanning,publicsec,thestatehastakenmorefromthefarmersthangivenbackt,duringtheperiodofplannedeconomy,Chinahadnotexpeditedtheshiftoftheruralworkforceandpopulati,ithadrestrictedthedevelopmentoftheurbanareasandthemovementofworkforce,especiallythemigrationoffarmerstothecitiesforemploymentandsettlement,intheformsofsystems,’sindustrializationhasreachedtheleveloftheworld’smoderatedevelopedcountries,,’,China’,,andtheshiftoftheruralsurpluslaborisdifficult,,theGDPproportionofChina’,whereasagriculturestillaccountedforashighas50percentofthecountry’non-farmpopulationincreasedfrom1::,,inordertofindafundamentalsolutiontotheproblemsfacingagriculture,ruralareasandfarmersinthenewstage,ntradictionsconfrontingagricultureandruraldevelopment,onchangingtheguidingprinciplesforhandlingtherelationshipofinterestdistributionbetweenthestateandthefarmers,andonchangingthevarioussystemsformedund,theproportionoffarmersinthetotalpopulationmustbereduced,theurbanizationprocessofruralpopulationmustbespedup,andtheroleoftheurbanareasinhelpinayhasclearlyshowedthewayandisalsoamajorinnovationforafundamentalsolutiontotheproblemsfacingagriculture,ruralareasandfarmersinthenewperiod....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.、澳门淘金PT超级狮子用户至上利高BBIN捕鱼达人ZhangWenkuiResearchReportNo97,’s,tosolvetheproblemsofheavydebtofChina’sstate-ownedenterprises(SOEs)andtheresultanthugeamountsofnon-performingassetsofnationalbanks,someprogramswereputforwardforrestructuringthedebtsofbanksandenterprises,includingthedebt-to-equityswapprogramwithgreatinfluence(byZhouXiaochuanetal.,1994).Afterafewyearsofdeliberation,thedebt-to-equityswapprogramwasacceptedbythed,aninvestmentdepartmentwastobesetupineachcommercialbank,whatisactuallyadoptedist(AMCs)receivere-loansfromthecentralbankandpurchasethecreditor’srightstoenterprisesatfacevaluefromrespectivecommercialbanks,andtransferthemintoequityofenterprises,finally,alltheAMCsshallexi,thatistosay,theyshouldwithin10yearsaccomplishthe,thedebt-,therelevantdepartmentsrecommended601enterprisesforcarryingoutdebt-to-equityswaps,,themajorityoftherecommendedenterpriseshadconclu,thegeneralenterprisesurveyteamoftheStateStatisticsBureauconductedanoverallsurveyof504enterprisesthathadsignedofficialandframeworkagreementswithAMCs,itshowsthatinthefirstyear(2000)ofdebt-to-equityswaps,theenterprisesinvolvedintheswapwouldligh,aftercompletingthedebt-to-equityswap,,,enterprisesexpectedtogainprofitin2000amountedto439,,ofwhich,ownbyastilllargermargininsomelocalities,takeBeijingforanexample,in2000therewere17SOEsthatconcludedadebt-to-equityswapagreementwithAMCs,andaftercompletionofdebt-to-equityswap,,andlikewise,mosto,thedebtislibereachedin10yearsandthatthedebt-to-equityswappolicyisadvancingtowardstheexpectedgoalAsamatteroffact,theimmediateemergenceofprofitwasbasicallynotbroughtaboutbythedeep-rootedchangeintheenterprises,instead,themajorpartofprofitwasattributedtothechangeintheirfinancialstructure,inotherwords,lessdebtandinterestpaymenthasmadetheirbookslook"better"toanyfundamentalchangeintheirsituation,whatismoreimportantthanthefinancialstructureisthechangeinthestructuresofoperation,propertyrightsandgovernance(ZhangWenkui,1999).Inordertodeterminewhethertheimplementationofthedebt-to-equityswappolicyisconducivetoreachingtheexpectedgoal,wecannotbutemofenterprisesisworthyofourattention,becauseitnotonlyinvolveswhethertherestructuredenterprisesareabletofulfilltheirdebtobligationinthefuture,butalsohasabearingonwhethertheywillestablishasoundmechanisminafartherfutureunderwhichalltherespoisofvitalimportancetothesuccessofdebtrestructuringwhileanuncturedenterprisesinHungaryandPoland,itwasnotdtheinternalsituationoftheindebtedenterprise,thecreditorswereusuallyputintothepositionoffigureheads,therefore,notmuchimprovementwasmadeinthebusinessperformanceofmostdebt-restructuredenterprises(ZhangChunlin,1999).China’sdebt-to-equityswappolic,andtheinterestandbehavior-orientationofthenewshareholderwillexertanimpactonthegovernancestructureoftheenterprise,andthisisve:InternationalPerspectiveandTheoreticalProbeModerncapitalstructuretheoriesbelievethatequitycapitalanddebtcapitalplaydifferentrolesinenterprises,andanappropriatecapitalstructureisbeneficialtobot,however,thecapitalstructuredeviatesfromthereasonablelimitwithtoohighadebtratio,,debtrestructuringisusuallymoreacceptabletoallthepartiesconcernedthanliquidationafterbankruptcy....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.:aMajorImpedimenttoIndustrializationofHighTechnologyExperiencesofforeigncountrieshaveprovedthat,intechnologicaldevelopmentsystem,transsthescientificresearchachievementsmadebyscientificresearchinstitutes,universi,theratiooftransformationofresearchachievementshasforyearsbeenaroundalowlevelof5%,ades,wepacedalongtheoldpathtotransferscientificre,thefundsprovidedbythegovernmentwerefarfromsufficienttosupportthetransformationofresearchachievements,so,somewithmarketpotentialhadtobes,duetothelackofrealinvestmentbodiesandmechanismsoflimitingcost,andencouragingbettereconomicreturnsfrominvestmentinparticular,theeffectofthefundsusedforthetransformationofresearchachievementswasverylow,therefore,itcouldhardlyposeavirtuouscyc,therealityisthatscientificresearchandhi-techindustryareseparatedasiftheybelongedtodifferentsectors:Scientificresearchersdonotcareforcommercialbenefitsfortheirach,meanwhile,hasnowaytoarousetheenthusiasmofresearchersinupgradingproductsandprtegrationofthetwosegments,,thegovernmentmadetremendouseffortstoencouragebanksreditco-opsinvariousareasacrossthecountry,thegovernmentsparednoeffortstoadjusti,however,nologicalenterprisesdidnotoperateasoriginallyrequired,butturnedintonon-bank,commercialbanksbecamenotso"obedient"asbeforewhentheirreformtowar’sBankofChinain1998showedthattheenterpriseslocatedinthehi-techdevelopmentzonesinBeijing,Tianjin,Jilinandotherprovincesandmunicipalitieswereuniversallyhauntedbyshortageoffunds,,forinstance,plannedanincreaseofRMB100millionasspecialloansearmarkedforscientificandtechnologicaldevelopmentin1997,gNewTechnologyIndustrialDevelopmentandTestZonehasalsorevealedthatonly7%oftheenterpriseslocatecingmethod,plansandadministrativemeasures,commercialbanks,obligedbytheirpromisesofrepayingtheprincipalsandintereststodepositors,havetooperateinasteadfastwayathecharacteristicsofhigh-techenterprisesthatareunstable,lackingguaranteeassets,,therefore,banksappeartobeveryprudentintheirselectionoftargetproj,’sBankofChina,theshort-termloanswithinoneyearaccountedformorethan95%entralgovernmentestablishedtheprincipleofactivelypromotingdevelopmentofhi-techindustry,therehasbeenacommonunderstandinginrecentyearsthatthecapitalmarkattheShanghaian,thestatusquoofChina’scapitaoneisatypicalexample:a)Ofthe2,343joint-stockenterpriseslocatedinBeijing’sZhongguancunarea,onlythreeraisedfundstotalingRMB860millionfromthestockexchangebyissuingA-sharesin1998.(StudyReportofBeijingNewTechnologyIndustrialDevelopmentandTestZone,1999)b)Therehasbeennoexamplesoforthatanyscientificandtechnicale)ThepropertyrightsmarketinBeijinghasbeenkeptbypainstakingeffortssinceitsestablishment,,)TheBeijingMunicipalGovernmentpooledRMB500millionin1998ands.Withotherfundsearmarkedforventureinvestment,thet,,whilethedeep-rootedcauseliesintheincompletenessofmarketandrisksassessmentsystemsandinsomepr)Atpresent,therearethreeguaranteefundsinBeijingforsmallandmedium-sizedhigh-techenterprises,setupbythemunicipalgovernment,formalitiesforobtainingguaranteesaretoocomplicatedanddifficult,whe,however,thatmorethanhalfofhi-techenterprisesagreeth%ofenterpriseshavetakeortinghi-techenterprises,themajorproblemslyinginChina’scapitalmarketaremanifestedinthefollowingfouraspects:a)’scurrentmarketwithaunitarylayercanneithermeetthefinancingdemandofalargenumberofsmallandmedium-sizedhigh-techenterprises,,Chinascapitalmarkethasdevelopedtowardshighcentralizationandsimplifiedtobetwostockexchanges,imited,itisinevitabletoexcludecertainmar,namely,thestockexchange,thismarketisboundtofavorbige’traisesufficientfundsfromthecapitalmarket,wlayeroftrading,itscapacitywouldbelimiteddueto,aphenomenonatChinasstockexchanges,,invederaconsiderableamountofsocialfundsfromenteringintothecapitalmarket,thusleavingthemidle....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.,2002Inrecentyears,alongwiththeexpansionoftheroleofprivateenterprisesinlocaleconomicdevelopment,localgovernmentsaregivingmoreandmoreattentiontothectiveprotectionofthelegitimaterightsandinterestsofprivateenterpr,eventsofencroachmentonthelegitimaterightsandinterestsofprivateenterprisesremaincommonandserious,,problemsrelatingtotheprotectionofthelegitimaterightsandinterestsofprivateenterprisesmainlytakethefollowingforms::DifficultmanagementafterpurchaseBasedontheinvestigationofrelevantdepartmentsincludingtheFederationofIndustryandCommerceofAnhuiProvince,inSeptember1998,HaitianGroup,aprivateenterpriseinMa,HaitianGroupwastobuyoverMaAnShanRubberPlant,abankruptenterprise,,,butmostofthemdidnotsinouncements,itstoppedissuingwagesfortheseworkersandstaffsinceJunethenextyear,resultingina,thecompanyreissuedthewagesoftheabsentworkersandstaffaccordingtotheopinionofthecoordina,astheworkersandstaffdidnotchangetheir"bigpot"mindset,theconfrontationalmooddidnotsubside,,theworkersandstaffappealedto,theChemicalIndustryBureauofthecityinformedHaitianGroupinwriting,askingHaitianGrouptowithdrawfromHaixiangCompany,,theChemicalIndustryBureau,backedupbythecityleaders,appealedtothecou,:Privateenterprises’,duetovariousconstrainingfactors,privateenterprise,butonceprivateenterpriseswanttopurchasethem,enbeinglaidoff,butoncetheirenterprisesaretobepurchasedbyormergedwithprivateenterprises,theybecomeprovocativeandtouchy,,thegovernmentusuallytriestomaintainst:GovernmentconstructionprojectstrangledaprivateenterpriseinGuiyangGuiyangXinghuaFerroalloyPlantisaprivate,thesittingofthenewGuiyangairportin,atthespecialmeetingpresidedoverbyavicemayor(concurrentdeputycommanderfortheconstructionoftheLongdongbaoAirport)ofGuiyang,,XinghuaFerroalloyPlantmustcompleteitsmovebeforeMarch1996;aspecialworkinggroupforthemovingwouldbeestablishedtooverseetheimplementation;andasXinghuaFerroalloyPlantenjoyedgoodeconomicresults,,theworkinggroupforthemovingrelayedtheideaofthespecialmeetingtoXinghuaFerroalloyPlant,(1995)ofHuaxiDistrictG,XinghuaFerroalloyPlantimmediatelystoppedbusinessactivitiesands,theplantconductedassetassessmentaccordingtolegalprocedures,formulatedthebudgetreportforreorgani,aftertheplantstoppedproduction,ibilityamongthem,,themovingfeeswereembezzledbycertainleadersforrenovatingbuildingsinthe,theplantreportedtotheprovincialgovernmentofGuizhouandobtai,,,,,themanagementofXinghuaFebur,theairportthenclaimedthatthesiteoftheplantwaswithintheclearancezoneoftheairportandits,theheadofenvironmentalprotectionbureauofHuaxiDistrictGovernmentofGuiyangCitycametotheplantwithsomeotherpeopleandannou,leadingtodirecteconomiclossesofoverRMB400,,theplantisstilltr:Thiscase,theimportantdecisiontomovetheplantfromitsexitingsite,whichrelatedtoenterprisesurvival,roup"relayedtheideaofthespecialmeeting"toitandwas"demandedtoimplementaccordingtotherequirementscontainedinthedocument".Second,aftertheenterprisestoppedproduction,thedepartmentsconcerneddidnottrytosolveitsactualproblems,,whentheenterprisehadtoresumeproductiontosaveitselffouryearsafterproductionstopped,apieceofhand-writtenpaperofthechiefofthedistrictenvironmentalprotectwithforeigninvestment,coulditbetreatedinthatwayComparedwiththesetwotypesofenterprises,privateenterprisesapparentlycouldnotnegotiatewithgovernmentdepartmentsontheirexistingstatus,andtheirrightsandinterestsarenothinginfrontofgovernmentdocuments....Ifyouneedthefullcontext,、DVORZhaoJinpingAfteritsWTOaccession,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.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.ZhangWenkuiAnunprecedentedwaveofmergerandaquisition(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.。

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