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in addition to severely affected by the international financial crisis in 2008, the housing value growth rate is generally faster than nominal GDP growth over the same period, thereby resulting in a ratio of two to 1.8 times from 1.2 times. Secondly,louboutin homme, to catch up with the system formed under liabilities. In China over the past 30 years of rapid growth process, the government has been playing a leading role. In such a system development model of the decision, on the one hand, the government directly involved in economic activities,nike tn officiel, thus forming a large number of explicit sense of government debt, especially at the local level of government debt; on the other hand, the government carried out a large number of indirect economic activity intervention or provide implicit guarantees,louboutin femme escarpin, so that state-owned enterprises, commercial banks' non-performing loans as well as the social security fund gap become implicit government liabilities. First,barbour france, under the system of catch-up growth in strategic priority; second, building type and local government debt expansion. All levels of government take a lot of economic functions.
correspondingly large amounts of financial resources and energy into the production and management fields. Local governments take a lot of economic development functions, and institutional funding has a serious shortage,hollister, which makes the local governments have to go through a lot of non-standard debt to support its ambitious investment plans. "Local financing platform" came into being and has made great progress. According to the National Audit Office data, to the end of 2010,louboutin soldes, provincial,louboutin 2015, municipal, and county government has set up financing platform 6576, including: 165 provincial,chaussure louboutin pas cher, municipal 1648, county 4763. Audit data show that by the end of 2010 government debt financing platform balance 4.971068 trillion yuan, accounting for 46.38 percent of local government debt balance; and third.
China's national balance sheet showed a rapid expansion of the potential. Foreign assets,chaussure louboutin pas cher, infrastructure and real estate assets accumulated rapidly expanding assets constitute the dominant factor. It describes the historical process of China's industrialization and urbanization accelerated development under the export-oriented development strategy. Liability side, all levels of government and state-owned enterprises is higher than the growth rate of debt in order to expand the private sector. This highlights the government-led economic activity institutional characteristics. First, the structure changes in capital formation. First, export-oriented industrialization and accumulation of foreign assets. Rapidly advancing industrialization of China,air jordan pas cher, at the same time the formation of large industrial fixed assets, still under the guidance of export-oriented formation of large trade surpluses, and thus bring a lot of accumulation of foreign assets. This constitutes a Chinese asset accumulation in particular to the accumulation of sovereign assets,chaussure louboutin pas cher, as prominent a feature; second,christian louboutin pas cher, accumulated infrastructure assets. Since the new century,louboutin soldes, China to promote the accelerated urbanization. 2000-2011, the urban population in the total population rose from 36.22% to 51.3%,nike air max 1, an average increase of 1.37 percentage points higher than in 1990 - 0.44 percent increase in the average annual growth rate in 1999. Expanded rapidly accelerating process of urbanization,barbour, resulting in infrastructure and real estate assets of the scale; third,nike tn officiel, real estate assets accumulated in the context of accelerating urbanization and monetization of housing reform, housing,barbour catalogue, urban residents quickly accumulate assets. Since the housing market-oriented reforms, the total value of urban housing from the 10.1 trillion yuan in 1998,air jordan 4 retro rouge noir, the rapid expansion of more than seven-fold. 2010 reached 71.9 trillion yuan. In the meantime.
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发表于 2015-9-22 20:55:27
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