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| Author: | Yang, Lirong |
| Title: | A factual inspection on the circulation mechanism of social funds in China and consideration of reform of financial system (original in Chinese) |
| Journal: | Economic Reform (c)
1998 : 4, p.25-27 |
| Index terms: | CAPITAL MARKETS DEBT FINANCING FINANCIAL POLICY CREDIT MARKETS CHINA |
| Language: | chn |
| Abstract: | The current condition of China's social funds circulation is typically characterized by residents' high obligatory rights, government's high debts, bank's high interest rates, enterprises high costs and the three-dimensional debt crisis of government finance, finance and enterprise, which is formed on the above-mentioned basis. This is attributed to the disequilibrium of financial system in the changes of basis. Therefore, financial measures to optimize the circulation of social funds include: establish the modern commercial bank system which is multiple, harmonious, ordered and competitive; specifically, adjusting interest rate policy, initiating the market for consumption loans, widening enterprises' financing channels, developing the market of common funds, etc. |
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