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Chinese government has raised an amount of investment to prevent the national economy from the financial crisis impact and to make economy increase stably and rapidly. How to maximize the utility of government investment plays an important role in the development of China. In view of the fact that government investment transmitting through the industrial chain can generate pull effect, and the fact...
At present, in China's financial market, there exists very strong financial restriction in both indirect financing and direct financing. Financing channels for private sectors are so narrow that the efficiency of capital allocation is low. Financial restriction leads to the situation that China's economic growth mainly relies on government investment. Moreover, with the enlargement of market size,...
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