People all over the world for peace and democracy、united! Go all out for a democratic China! Democracy、Freedom、Fairness、Rule by Law、Human Right、Better Life!
Homepage - > NewsandArticles
Rapid Rise of Chinese Stocks Sparks Alarm
Date: 5/19/2007 3:19:04 PM Sender: VOA
Rapid Rise of Chinese Stocks Sparks Alarm

China cannot reduce its heavy dependence on energy resources and address energy-related environmental problems unless it implements financial market reforms, U.S. experts say. The single most important factor driving up Chinese energy consumption is that country’s skewed financial system, which not only allows state-owned companies to keep much of their earnings but also affords them easy credit, according to a new research study.

Banks consider it less risky to lend to state-owned companies, which are concentrated in the heavy-industry sector, than to smaller, often privately owned and more energy-efficient enterprises in the light-industry sector, it adds. (complete text)

中国民主党           主席：王军    China Democracy Party    Chairman: Wang, Jun
Address:               41-25   Kissena   Blvd.   FLR 1 #110,   Flushing,   NY   11355   USA
 Website:                            http://www.cdpwu.org                                 http://www.cdpwu.org/en
  E-mail: cdpwu1998@gmail.com  cdpwu@yahoo.com(yahoo email Password Stolen Dont Use)