Chapter VIII of the bureaucracy of the door

 Chapter VIII
the door of a bureaucrat, who will pay the credit?
GDP in addition to pressure political leaders strongly advocated because of the market, the late 1990s China's market from the strong driving force in the late .1990, and bureaucratic interest groups and the shores of the powerful Chinese capital is already quite mature. This refers not only to their capital strength, talent pool, too, is their ability to maneuver on the market insight and. In the past 20 After years of hibernation and temper, and now finally turn to them (with the power of collaboration from within) to the capital to show their talents in the market in the name of the. In the late 1990s, elements of market, media, utilities, education, health care and other fields still in the monopoly of executive power under the high, and these areas can bring the speed of wealth accumulation is far from the general area of commodity production can be compared. monopolized power to manipulate the conditions created by the huge benefits brought about internal motivation, co-inspired Chinese rapidly in the late 1990s the a service in a particular target of the In December, China's Jiangsu Province Economic and Trade Commission, a responsible person once said with pride: 200 than 10 billion yuan, 20 more than 10 billion yuan of private enterprises. for the Chinese mass market late 90s provided the impetus for the process. In China, the politically correct means not only legitimate, it also means that the government provided a specific credit market players, or implied. So, when Ironically, Jiangsu Province Economic and Trade Commission who represents the Government announced plans to create private enterprises, the government is actually implied warranties provided for private enterprises. With the Government's credit or guarantee, private companies also worry not in the short term development, activities and indispensable condition for market expansion. In other words, as a consequence of a guarantee transaction,cheap UGG boots, any transaction must in fact have a potential credit provider. modern market activity has been able to transcend geography, across the nation national boundaries, but in essence the extension of credit. no credit, modern large-scale, complex market activities is simply impossible. for any one specific company, the credit is actually used as a great capital to be used. Under normal circumstances, this capital market activities should be gradually through the accumulation of endogenous made. But China has a short history of market development decisions, whether the market itself, and whether or not with this credit capital. so, in order to market and rapid expansion in the short term, it must be injected from outside the credit market. In highly dependent on the Government and the Chinese culture of trust, government credit is probably the most valuable capital. Therefore, as long as the Government is willing to provide kinds of capital, market size can be expanded rapidly in the short term. In the late 1990s, governments at all levels for the GDP, a variety of powerful capital of profits, have a very urgent requirement, so I wish you love, understanding two-phase , a government credit deforestation on the The main characteristics of an unknown, but also the Chinese market during this period the process of rapid expansion in all fields is an important implied conditions. This is, in the performance of China's emerging stock market was fairly typical.