Abstract 2
Abstraot
ThedifferencebetweenNon—state andstate
EnterprisesEnterprises
of and
a reform
arenot but mechanism.Asresult
ownershipworking
than
createdmore
have
EnterpriseS,_hich 70%percent
opening.Non—state
since
ofthetotal va]ue 1996,contributeslargely
industryproduction
of economic are
tothe Chinese
development life.However,there
quick
difficu]tiesfortheNon—state to
seriOUS Enterprisesfinance,which
backthe oftheNon—state finance
holding development Enterprises.The
leadtothe ofcurbmarket.
oppression phenomenon
izationhasbecomeaim
liberal the offinancereforminchina.
Now,rate
Ithasbeen in andin thatrate1iberalizationis
theory practice
proved
to of underthe ofdual
efficiencyfinancing.Butbackground
advantageous
financial resultofrate
system.the 1iberalizationwillnotbeideal.
Ontheother financialcannotbeen the
hand,dual system eliminatedin
ofrate has
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