haku: @journal_id 1517 / yhteensä: 128
viite: 29 / 128
| Tekijä: | Tang, Zhihong |
| Otsikko: | An estimation of China's average profit margin (original in Chinese) |
| Lehti: | Economic Research Journal (c)
1999 : 5, p.61-65 |
| Asiasana: | PROFIT CHINA |
| Kieli: | chn |
| Tiivistelmä: | This paper through the computing analysis argues that the return margin of capital investment in China cannot be very large. If the capital cost is too high, the investor will not possibly plan to return the loans. The high expectation by an investor for investment return is, in the main, due to the fact that China's system is now in the violent change. The short term of return expected by an investor prevents him form doing long-term investment. The growth rate of profit margin is -0.5% and the profit margin is narrower and narrower. This is mainly caused by the successive decrease of the marginal return rate of capital f"(k)<0, or the expenditure owing to competition, of super profit under the former planned economy. |
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