YY体育平台

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      1. YY体育平台

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        YY体育平台GuoLihongandZhangChenghuiOn22October2001,ChinaSecuritiesRegulatoryCommissionhastilysuspendedtheInterimManagementMeasuresontheReductionofStateSharestoRaiseS,whichfullyreflectedtheenthusiasmofallwalksoflifeinsocietyonthedevelopmentofChina’,theStateCouncildecidedtostopthepracticeof"share-reductionthroughmarket"forstateshares,,wethinkitisanabsolutelycor,itcorrectedthemistakeinatimelymanner,soth,iteliminatedtheimpactofstatesharereductionandfocusedthenextsteponthebottleneckandsolutiontoChina’sstockmarket–,completecirculationinthestockmarketmeanstoturnthenon-tradablesharesofthelistedcompanies(includingstateshares,legalpersonsharesandinternalemployeeshares)determinedattheirinitiallistingstageintotradableshares,,,,continuouseffo,:First,inthesegregatedmarket,itisimpossibes,therearetwosetsofinterestsassessmentsystemsanddif,themarketpricesforsharesarenotvalueindicatorsofallshareholders,,sellingstatesharesatmarketpricesisnothingelsebutplunderingtheholdersofthetradableshares(seeZhangWeixingandZhangChenghui,"MarketSegregationistheRootofAllProblemsofChinaStockMarket",ResearchReportofDevelopmentResearchCenteroftheStateCouncil,,2002).Therefore,,itisalsodifficulttobescientificandfairtoreducestatesharesbasedonotherpricemeasurements(suchasnetassets).For,suchpracticewilleasilyacceleratespeculativemanipulations,andharmboththecommoninvestorsandtheinterestsofthestateshareholder(Forexample,therepresentativesofthestateshareholderscangangupwithspeculatorstoholddownthevalueofnetassetswithillegalmeans,market,whichhavelongbeenpracticedskillfullybyspeculators).Second,statesharereductionis,whichischaracterizedbypartialandlocalreformfirstandcross-the-boardreformlater,maybesuccessfulinotherfields,,thestockmarketishighlyliquidandsensitive,whereatinyproblemofthe"experiment"willgene,withaproportionof2/3,thelargeamountofnon-tradablesharesisliketheswordofDamocleshangingabovetheheadsofinvestors,,asstatesharereductioncannotbecompletedinoneeffort,itwillgiv,,thenon-tradablestateshareswillnotbesoldoutcompletely;orelsethewithdrawingstrategicadjustmentofthestateeconomyandthe"strengtheningcombinedwithwithdrawing",torealizecompletecirculation"statesharereductionthroughmarket"aretwodifferentconcepts,whichshouldnotbemixedtogether,’sstockmarketliesinmarketsegregation,andonlybysolvingtheproblemofcompletecirculationcanotherproblemsofChina’’,relevantdepartmentformulatedprinciplestipulationsontheequivalentsharevalueofstateassetsinthelistedcompanies,thetransferconditionsandthepremiumratesofissuedshares,inordertoguaranteestate,theseambiguousstipulationscreatedsuchcustomaryrulesaslistedbelow.(1)Thesharestructureofthejointstockcompaniesisdefinedtoconsistoffourkindsofshares,namely,thestateshares,legalpersonshares,publicsharesandforeignshares;andtheproportionofthefirsttwokindsofsharesgenerallytakeup2/3ofthetotal.(2)Statesharescannotbetradedfreelyinsecurityexchangeslikepublicshares,andlegalpersonsharescanonlybetransferredamonglegalpersons.(3)Sharepr,whilethepremiumofpubliclytradab,ithastintedChina’sstockmarke(notthemarketforce)astheprincipalforcedominatingthemarket,,itistheadministrativedepartments(insteadofsponsorsoflistedcompanies)whodecideontheequitystructuresofChina’’rightstomaketheirowndecisionsoninvestment,,differentinvestorsenjoydifferentrightsandsharedifferentobligations,thuslayingdowntheunequalbasisattheinitialestablishmentstageofjointstockcompanies....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.DRCTaskForceEconomicperspectivesNo11,quartersof2003,despiteimpactofSARS,%.,%,whichindicatesthat,GDPgrowthrateofourcountryisleveledoffabove8%since2002,,andheavyindustryandchemicalindustryaregettingmoreandmoreindustrializedInthefirstthreequartersoftheyear,pillarindustries,suchaselectronicengineeringequipmentmanufacturing,electricmachineryandfacilitymanufacturing,transportationequipmentmanufacturing,metallurgyindustryandchemicalindustryrealizedfastgrowth,%.Inc%%.%ofthetotalindustrialaddedvalue,(%).Since1998,growthofheavyindustrytakesonanacceleratingtendencycomparedwithgrowthoflightindustry,andtheproportionofheavyindustry’saddedvalueinoverallindustrialaddedvalueiscontinuouslyincreasing,especiallyinthisyear,whichexemplifiesthatecr,andiscloselyrelatedtoconsumptionstructurewithafairlystrongmarketendogenousmechanism,andheavyindustrializationwillbethemainsupportingp,andconsumptionupgradingremainsitsmomentumInthefirstthreequarters,%,yofheavyindustryandchemicalindustry,,,%,%percentagepoint,whichhasrecoveredtothenormalgrowthlevel,consequently,,,%,%,andthatoftelecommunicationsequipmentincreasedby74%.ConexistInthefirstthreequarters,%overthesameperiodoflastyear,,%overthesameperiodoflastyear,,favorablebalanceoftradedecreasedascomparedtothesameperiodoflastyear(,).Intermsofdifferentcountriesandregions,favorabletradebalancetotheUnitedStatesandsomeEuropeancountriesiscontinuouslygrowing,whileadversetradebalancetoJapan,Korea,’smainexportmarket,expandedtradesurpluswillinevitablyintensifytradefrictions,and,export-orientedmanufacturesinJapan,Korea,andTaiwanprovincegraduallymovedtomainlandChinatoestablishfactories,whichisanimportantre,whilesupplyofsomeenergyresourcesandrawmaterialsseegapsAsdomesticmarketgrowsmoreactiveandexportincreasefast,,%ascomparedtothesameperiodoflastyear,%,butfallingdownstablybytheseason(%,%,and4%).Supplyofelectricpower,coal,steel,,supplyofthoseproductsisrapidlyincreasing,,priceismaintainedatalowlevel,demandconstraintuniversallyexists,,supplyanddemandrelationsbynomeansreversedAccordingtorelevantstatistics,grainyieldofthisyearispredictedtobelowerthan450billionkilograms,,,itisestimatedthatbytheendofthisyeargrainstockwillstillmaintainabove200billionkilograms,whichisalothigherascomparedtonormalyears();ontheotherhand,thegrainproductivityislarge,rbyabigmargin....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.

        YY体育平台XiaoJunyanResearchReportNo126,2002Steadyperformancehasbeenthemainfeatureoft,grain-growingareabecamemorestable,cotton-growingareadroppeddrastically,,;peasantincomeslightlyincreased;,,thestateintroducedaseriesofreformandpolicymeasures,whichwouldhelpimprovetheenvironmentforthedevelopmentoftheruraleconomyandespeciallyforthealleviationofthepeasants’(1),ivationwasthatafterthespringwheatinthenorthandthelong-grainednon-glutinousearlyriceinthesouthquitfromthestate’sprotectiveprices,,,theprolongedcoldrainsinthemiddleanddownstreamsoftheYangtzeRiver,llowRiver-HuaiheRiverregion,theYangt,thecontinuousrainsintheabsthanthatoflastyear,,(2)PeasantincomeThepercapitacashincomeofthepeasantsinthefirsthalfoftheyearwas1,123yuan,,,:’,thepercapitacashincomeofthepeasantsfromthesellingoffarmproductswas469yuan,’,thepercapitacashincomeofthepeasantsfromthenon-farmindustrieswas566yuan,’,China’sexperimentonreformingruraltaxandfeecollectionexpande’,thepercapitaspendingontaxesandfeesnationwidewas18yuan,(3)TownshipenterprisesThemainfeaturesoftheeconomicperformanceofthetownshipenterprisesinthefirsthalfoftheyearwereasfollows:,thetownshipenterprisesnationwiderealizedatotaladdedvalueof1,,,ofwhich,theindustrialaddedvaluewas1,,;theoperatingrevenuetotaled8,,;,;,;,,thetownshipenterprisesaccomplishedatotalindustrialoutputvalueof4,,,,,,,,omentum,,theirannualsalesrevenuetotaled5millionyuan;theindustrialenterprisesrealizedanaccumulatedaddedvalueof380billionyuan,,,,,,,,,,,risesofconsiderablescales,,however,hemonthlyaveragelevelofgrowthinthesecondhalfoflastyear....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.’,comparedwiththeworld’sadvancedlevel,Chinastilllagsbehindinthefieldofindustrialstructure,coretechnology,managerialskill,,ChinashouldadoptvariousmeasurestoencouragetechnicalrenovationandtoincreasetheproportionofproductswithChina’sownintellectualpropertyrights,thusrealizingthetransitionfromalargeelectronicandinftionalmarket,China’scomprehensivecompetitivenessmaybeenhancedasawhole,’sentryintotheWorldTradeOrganization(WTO),importan,thereisnotatradeassociationthatrealetitionamongChineseenterprisesonbothdomesticandinternationalmarketsandcausedtradedisputes,,tradeassociation,asa"thirddepartment"besidesgovernmentandenterprises,hasactedasabridgebetweenthegovernmentandenterprisesandmarket,andalsoasasocialorganizationthatpromotesself-discipline,’sreformofmarketeconomicsystemdeepens,itisnecessaryforChinatoestablisharealmarketizedtradeassociationassoonaspossibleinordertoensurethesustained,’smajorelectronicandinformationproductsmanufacturerskeepmovingtheirproductionbasestoChina,’factoriesinChina,localChineseenterpriseslaalChineseenterprises,andthekeyistofindeffectivewaystocombinelocalizationwithglobalresourceallocationandtoseeknewdevelopm

        Inthefirsthalfoftheyear,thestructuralfactorsthataffectedtheCPImovementdemonstratedtangiblechanges:Theriseoffoodpriceswasvisiblyloweroverthesameperiodoflastyear,,,,becom,,,,theprice,butbeganshowingsomestructuralchangesInthefirstfivemonths,theex-,,,,whilepolicyregulationbeganshowingresultsInthefirstfourmonthsandfirstfivemonths,,,housingpricesroseataclearlysl,Jiangsu,Zhejiangandotherplaceswherehousingpriceshadbeenrisingexcessivelyfast,ricesbeingrelativelystableCarsalespickedupasfromthesecondquarter,,,,,arBasedontheanalysisofallaffectingfactors,theconsumerpriceindexwillcontinuetorisemoderatelyinthesecondhalfoft,andgrainpricesarevehikesinthesecondhalfoftheyearThemainfactorstodriveuptheconsumerpriceindex:First,,someregionalgovernmentsraisedthepricelevelsforpersonaluseofwater,coalgas,rentalandpublictransportandthereforeservicepri,thepriceincreasesofenergyandrawmaterialswillbefurthertransmittedtothepricesofthedownstreamindustrialco,thedeclineofstablestofautumncrops,grainoutputforthewholeyearwillcontinuetoincrease,whichwi,thestablepricesofmainnon-stablefoodstuffswillalsobegintofall,lyinthethirdquarteroftheyearbutthemargino,,andthatforthewholeyearwillbewithinthreepercent.双博体育注册WangWeiSince2001,thedevelopmentofChina’sconsumergoodsmarkethasbeenonasteadygrowingtrend,andgrowingconsumerdemandhasbecomean,theconsumergoods(I).,,%overthepreviousyear,,allmonths,excludingthefirstquarterinwhichthegrowthratefluctuated,%to11%(asshowninChart1).Inthesecond,thirdandfourthquarter,%,%%respectively,,,againstthebackgroundofalowretailpricelevel,,,,thecontributionrateofthedomesticconsumptiondemandstotheGDPgrowthwas51%,featuringthestimulationofdomesticdemands,hadpaidoff,andthesteadyandfastgrowthoftheconsumergoodsmarkethasbecomeanimportantfactorsupportingtheChineseeconomicgrowth.(II).,theoverallConsumerPriceIndices(CPI)%rise,%%,:First,,itroseslowlyfromJanuarytoMay,%%,,NovemberandDecemberdropped,andinDecember,%,,thepriceleveloffood,medicalandhealthcareanddailynecessitiesremainedbasicallyunchanged,thepricelevelofhousing,andrecreation,culture,%%,clothing,householdappliancesandservice,,thepriceofclothing,%%respectivelyoverthesameperiodofthepreviousyear,,thepricelevelindifferentregionswasunbalanced,,theCPIof18provinces,,42%oftheprovinces,autonomousregionsandmunicipalitiesregisteredarisingpricetrend,butthepercentageroseto68%,theCPIofruralresidentsforthefirsttimereversedthedeclinetrendforthreeconsecutiveyearsandbegantorise,%overthepreviousyear(%in2000).

        Thetrendofmarketpricesin2,thegen002,andthecommodityretailpriceindex,theproducerpriceindexofindust(1)Priceperformanceisinanewroundofdecline,,theperformanceofmarketpriceshasallalongbeeninalow-lev,,,,,,theleadingindexindicatingthechangesofthegeneralpricelevel,,,,,,,,,,,,,,,ceinthepastfiveyears,we,thege,thegenerallevelofconsumerpriceposteda24-month-longcontinuousfallfromApril1998toApril2000,andposteda15-month-l,,thegenerallevelofconsumerpriceshasbeeninanewroundofdecline,postingan11-month-longnegativegrowth.(2)Whiletherehavebeennofundamentalchangesinthegeneralsituationofoversupply,,thefactthattherehavebeennofundamentalchangesinthegeneralsituationofovers,theChineseeconomyhasbeenplague,thestatehasbeenstickingtoapolicyofstimulatingdomesticdemand,andasaresult,thedemandofdomesticinvestment,,inparticular,mmoditiesconductedbytheStateEconomicandTradeCommission,t,,theproportionofthecommoditiespostingabasicbalanceinsupplyanddemandfellfro,thecontinuousfallofChina’smarketpricesinrecentyearshasbeenalogicalreflectionofabuyer’smarket,,thech,thepricesofmostofChina’,’smarketcontinuestodevelopandmarketcompetitionbecomesincreasinglyfiercer,,inthefirstroundofpricedecline,thepricesofafewservicesandmonopolyindustrieswhosepricesweresetbythegovernmentweredrasticallyadjusted,whichplayedcertainrolesincontainingthef’spricingmethodsbecomingincreasinglystandardinrecentyears,however,the,,whichwasthelowestgrowthinrecentyears().AnothernoteworthychangeisthatasaresultofChina’smoreopeningtotheoutsideworldandespeciallybecauseoftheimpactofthecountry’saccessiontotheWorldTradeOrganization,thecountry’spricingmechanismshavebecomemoreopenandtheimpactoftheinternationalmar’sWTOaccession,andthetariffreductionandtheincreaseofimportquotasforgrain,chemicalfertilizerandsomeothercommoditieswillfurtherintensifythepressureondomesticmarketcompetitionan,thetechnologicaladvancefeaturedbyhigherlaborproductiissharplylower,whichbringslessemergenceofnewproducts,,communicationsproductsandhouseholdappliancesinrecentyears....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.YY体育平台

        YY体育平台LuZhongyuan,,ertheNext5-15YearsThankstohardworkinthefirstfouryearsofthe10thFive-YearPlan,,thepercapitaGDPislikelytosurpass1,,theeconomicrestructuringhasneverbeensoactive,nsaregraduallybecomingsound,ingroot,whichwillofferascientificguidetotheoveralleconomicandsocialdevelopment,however,heenvironmentThiswillbethemostprominentcontradictionconfrontingChina’,theeconomyisgrowinginafastandsustainedmannerandisinanewroundofgrowth,theaggregateamountoftheeconomyisvidinevitabl,theextensivemodeofgrowth,characterizedbyhighinvestment,highconsumption,lowoutputandlowefficiency,ispushingupthecostofecon,theyareproblemswiththeextensivemodeofeconomicgrowth,’sscientificadvanceanditseconomicconstructionhasnotbeenfundamentallysolved,andthelowtechnologicalcontentsimpeconomicgrowthTheincompletemarketeconomyhasbeentheunderlyingreasonofthelowqualityofChina’,thereformoftheinvestmentsystemislaggingbehind,whichisharmfulbothtoimprovingtheeconomicefficiencyofinvestmentsthroughthemarke,thefinancialandtaxsystemsarenotstandard,whichisharmfultoremoving,thefinancialsystemisunsoundandthefinancialparametersaredistorted,whichisharmfultooptimizingandupgradingthedomest,theuse-costoftheenvironmentandresourcesistoolow,whichmakesitdifficulttoformthecorrespondingmechanismstostimulateandcontrolthesubstitutionandconservationofresources,thereisnostandardandlong-termmanagementsystemfortheallocationoflandresources,which,politicalreformsarelaggingbehindeconomicones,whichtendto,butthedevelopmentofsocialundertakingsislaggingbehi,,China’ssocial,theallocat,theexistingpublicfinanceandsocialcoordinationmechanismareinadequatetocopewiththenewchallen,thetrendofpopulationdevelopmentisgrave,exertinganenormouspressureonsustainabledev,thepoverty-strickenpopulationgroupsareexpandin,diversesocialcontradictionswillinevitablyaffectsocialstabilityandcohesivedevelopmentiftheallocationofpublicserviceresourcesisnotproperlyadjusted,thesocialsecuritysystemisdefective,thenon-governmentalorganizationsaretooweak,thechannelsfortheexchangeofpublicopinionarenotsmooth,zationforallocatingoffactorsThegrossimbalanceinregionaldevfreerflowoffactorsofproductionandacersufficient,theintensityofthetransferpaymentfromthecentralfinancetotheunderdevelopedregionsisnotstrongenough,theregionalpoliciesarenotfullyplayingtheirexpectedrolesinmakingupformarketflaws,andtheinfrastructurefacilities,self-developmentcapacitiesandwelfarelevelsoftheunderdevelopedregionsarebadlyinneedofimprovementandenhancement.

        ’sRuralLaborMovementSinceReformandOpeningupSincethemid-1980s,,employmentbyTVEsroseto136millionpeople,,theoveralleconomicenvironmentforTVEsbeganundergoingtremendouschangesandente,theseenterprises’,TVEsemployedatotalof128millionpeople,,alpeopleare,AnhuiandGuizhouandthecityofChongqing,thoseworkingoutsiderespectivelyaccountfor65percent,,5,Hubei,,mostprovincesandautonomousregionshave,theimpactofruralpeopleworkingouts,,whilethephaveenteredtheurbanareas,withtheratiobetweenlargeandmedium-sizedcities,smallcitiesandtowns(includingthecounty-levelcities)andtheruralareasbeing4:4:,theruralpeopleemployedoutsidetheir,whilethefarming-relatednetincomeoftheruralpeoplecontinuedtodecline,theaverag,thegovernmentpolicyconcerningruralemploymentwastoencouragepeopletoflowlocally,namely"leavingfarmlandinsteadoftownshipsandenteringfactoriesinsteadofcities".Beginningfromthemid-1980s,however,thendustrialandcommercialoccupations,especiallyafterDengXiaopingmadestatementsduringhissouthChinainspectiontourinthespringof1992,thegovernmeuallyrecognize,,the3rdPlenarySessionofthe14thCPCCentralCommitteeissuedtheResolutionoftheCPCCentralCommitteeonSeveralIdguidedtograduallytransf,theMinistryofLaborissuedtheProvisionalReg-,asystembasedonemploymentpermissioncameintofor,thegeneralofficeoftheCPCCentralCommitteeissuedthe,aunifiedsystemofemploymentcertificateandtemporaryresidencepermitformigrantpopulationescopeofproduction,deve,rurallaborforceshouldbeguidedtoflowinanorderlymannerinkeep,thestate’sem’sCongressapprovedthe10thFive-yearPlanforNationalEconomicandSocialDevelopment,,thesystemofseparatingurbanandruralareasshouldbeabolishedinordertograduallyestablishanewurban-ruralrelationshipconsistentwiththesystemofmarketeconomy;theurbanresidenceregistrationsystemshouldbereformedinordertoformamechanismconducivetotheorderlyflowofurbanandruralpeople;theunreasonablerestrictionsonrurallaborforceseekingemploymentintheurbanareasshouldberemovedinordertoguidetherurallaborsurplustoflonfortnismshouldbebrokendown,thatexceptforafewmegacities,theemploymentsystembasedonurban-ruralseparationshouldbereformed,andtherestrictiveemploymentpoliciesinvariousregionsthatweresp,theStateCouncilapprovedthepublicationoftheProposalsoftheMinistryofPublicSecurityonPromo,permanentresidenceregistrationshouldbegrantedtothosefarmersandtheirdirectrelativeslivingwiththemintheurbanareasofthecounty-levelcities,thetownswherethecountygovernmentsarebasedandtheadministrativetownsaslongastheyhaownsshouldenjoythesamerightsandfulfillthesameobligationsasthelocalresidentsdoinareassuchasschooling,,anditwouldbeillegaltolevyurbancapacityexpansionfeeorothersimfarmersenteringtheurbanareasshouldbefairlytreated,rationallyguided,sonablerestrictionsandillegalleviesonthefarmerswhoentertheurbanareasfo,variouslaborintermediaryorganizationorkingintheurbanareassoastosafeguardtheirlegitimaterightsandinterests....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.ChenXiaohong,,:,oranti-monopolypolicies,softhemarketstructurethroughbreak-up,mandatorysale,acquisitionandmergerexaminationandothertoolsinlightoftheconditionsofthemarketstructure(degreeofconcentration).Behavioralpoliciesaredesignedmainlytopromotemarketcompetitionamongenterprisesthroughrestrictionsonenterprises’anti-competitionbehaviors,,,onlywhentheconcentrationindexthatreflectsthedegreeofthecompetitivenessofthemarketstructureisveryhighwilltheregulatorydepartmentscareaboutssuestothecompetitionpolicies,andtherefore,,regulatoryfactorsaregettingincreasinglyintegratedanddiverse,thepastpolicytosplitenterprisessimplyduetotheirhighmarketsharehasbeenrarelyemployed,becausepeoplearepayin,itsre,whetherstructuralregul,,searchanddevelopmeatedtoresearchanddevelopmentandspecificcorporateassets(intellectualpropertyandrelatedresearchfacilities,specificassets).Thereviewdealswiththepossibilityofcompetitionrestriction,,(forinstance,thestateofpatentaccumulation)hasbecomeanewfactorthatmustbetakenintoaccountwhenconduct,:factualstandards,positioninthemarketanditsst,burespectiswhetheran(1)Whetherastandardcartelcouldappearwhenthemarketshareofanallianceofenterprisesisverylarge.(2),,aconclusiononwhetheritrestrictscompetitionstillrequires,ifthereexistscompetitionbetweenthestandardsoftwoormorealliances,theclosenessofthealliancescanalsopromotecompetition.(3)chnologieshasmadethecoordinaantinformationshouldbemadepublictoavoidmisleadingallianceparticipants,whetherotherpeopleareallowed,undercertainconditions,toacquiretheaccesstotherelevantintellectualpropertiesandwheth(VESA)ontheconnectionbetweencomputerCPUsandforeignequipmentrequiresthattheparticipantsmustconfirminadvancewhetherthenewlydevelopedVESA,butannouncedwhentheVESAspecificationsweresuccessfullydevelopedandrapid(FTC)believedthatDellhadtakenadvantageoftheuncertaintyoftheVESAspecificationsandstandardstoforceupthecostsofthestandard-usinYY体育平台

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        ZhangXiaojiResearchReportNo177,2002Bilateralandmultilateraltradeingoodsisanimpo,however,regionaleconomicintegrationalreadyexceedstheareaofcommoditytrade,andmovementsofcapital,,transnationalcorporationsdeveloptheirintra-industryandintra-firmtradethroughcross-the-borderinvestmenttooptimiseproductiondistributionandfullyexerttheirtechnologyanedinregionaleconomicintegration,differencesineceaking,apartfromChina,JapanandKorea,NortheastAsiashouldalsocoverMongolia,,withregardtoeconomicvitalityandmarketcontact,China,JapanandKoreaconstitutetheeconomiccoreof,,,,economicvitalityofacountryoraregionisnotonlydemonstratedbyitsownrat,NortheastAsiahasbecometheglobalcenterofmanufacturingindustries,leadingtheworldintheproductionandexportofsteel,automobile,,theITproductsmanufac,thepercapitaresourceremainsbelowtheaveragelevelintheworld,butithasattachedgrtinglabour-intensive,easimportedlargevolumeof’sindustrializationanditsdevelopmentofexport-orientedmanufacturingindustriesstrengt,JapanandKoreaarech%ofChinaJapan’stotalexports,andKoreasellsmorethan35percent,wh,thepot,theforeignexchangereservesofChina,JapanandKoreatotaloverUS$,,especiallyaftertheAsianfinancialcrisis,,th,withtheturbulentstatefinancialmarket,,allthethivisionoflabourandresourceallocation,,outflowofdirectinvestmentofJapantookup20percentoftheworldtotal,whenJapan,theUSAan,th,whenover50percentofitflowedintotheEUandtheUS,,,theproportionofintra-regionalF,,itwas,theEUhasbecomethelargestregionintheworldintermsofFDIinflowandoutflow,whichtookup49percentand67percent,,,(FIEs),Chinaonlysharedlessthan1,Chinahadaverybackwardmanufacturingindustryandmainlydepende,itsexportsofprimaryproductsstilltookupover50percentofthetotal,,China’,itsshareinth’sdeve,,’,,thesurplusofChina’simportsandexportsreachedUS$,ofwhichabout1/3areowedtotheFIEs(Table1).ThemainexportgoodsofFIEsweremanufacturedindustrialproducts,–importingrawmaterialsandoriginalpartswithprotectivetariffsandexportingthemafterprocessingandassemblinginChina–,totalimportsoftheFIEsofprocessingtradereachedUS$,whichwere58percentoftheirtotalimports,whiletotalexportsofprocessingtradeamountedtoUS$,whichwere81percentoftheirtotalexports(Table2).ThesedatademonstratethatefficiencyremainsoneofthemajorgoalsofforeigncompaniesthatinvestinChina....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.YY体育平台MiJianguo,’sBankingIndustryAsanimportantpartofitsopening-uppolicy,,foreignbankshavedevelopedrapidlyinChina,approximatelyexperiencingthreestages:Firststage,since1979,,Chinaapprovedtheopeningofthefirstrepresentativeofficeoftheforeign-investedbank,,31foreig’,since1981,Chinaapprovedt,foreignbankswereapprovedtosetuptrialoperativeinstitutionsinfivespecialeconomiczones,includingShenzhen,,Nanya,Shanghaibecamethecoastalopeningcitythatintroducedfo,theregionsallowedtointrod,,23citiesandHa,in1983and1985,tworegulations–"ManagementMeasuresofthePeople’sBankofChinaforRepresentativeOfficesofOverseas-investedandForeign-investedFinancialInstitutionsinChina"andthe"RegulationsofthePeople’sRepublicofChinafortheManagementofForeignBanksandSino-foreignJointVentureBanksinSpecialEconomicZones"–wereissuedrespectivelytoputtheint,the"RegulationsofthePeople’sRepublicofChinafortheManagementofForeign-investedFinancialInstitutions"wasissued,,since1996,,selectedforeignbankswereallowedtohandleRenminbibusinessinShanghai’:Renminbidepositandcredit,settlement,guarantee,,thecentralbankapprovedeightforeignbankshandlingRenminbibusinessinPudong,,theStateannouncedthatallthecentral,theforeignbanks’businessscopeinShanghaiandShenzhenwereexpanded,theywereallowedtodob,thecentralbankalsoadoptedaseri,whenforeign-banksareshortoffunds,thecentralba,theforeignbanksareallowedtoissuesignificant-amoun,theforeignbanksareallowedtojoinintheissuingofrenminbisyndicatedloans,,theforei,therateoftotalRenminbidebttoitstotalforeignexchangecanberelaxedfrom50%to35%.In1997,aftertheAsianfinancialcrisisbrokeout,especiallyduetotheshockofeventof"Guangxin",,foreignbanks’,,’assetsinChina(1991-2000)

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