英语论文网

ents and the progress in price marketization, we can say that the degree of China''s markefization in the exchange of general commodities is above 70 percent. This is an important sign that a socialist market economy in a preliminary stage is already in place. Table 3 Estimated Degree of China''s Marketization of the Exchange of General Commodities Researcher Year Indicator Estimated result(%) Lu Zhongyuan & Hu Angang 1992 Price marketization index 81.8 Jiang Xiaowei & Song Hongxu 1994 Domestic market openness 82.8 Research group of State Development Planning Commission 1994 Degree of commodity market marketization 80 Gu Haibing 1996 Price marketization 60 Chen Zongsheng et al. 1997 Degree of commodity market marketization 85 Data source: See bibliography. 　　(2) Marketization of production factors 　　Compared with the marketization in the exchange of general commodities, the marketization process in the exchange of production factors has been slower. Various estimates indicate that the degree of production factors marketization is less than 50 percent (see table 4). The development of different production factors markets is uneven. The marketization of labor and technologies is higher. However, the assessment of the labor marketization cannot be optimistic because the urban and rural labor markets are seriously separated from each other. Table 4 Estimated Degree of China''s Production factors Marketization Researcher Year Indicator Estimated result (%) Lu Zhongyuan & Hu Angang 1992 Investment marketization index Production marketization index 71.70 45.39 Jiang Xiaowei & Song Hongxu 1994 Enterprise liberalization Market openness to outside world 42.8 16.2 Research group of State Development Planning Commission 1994 Degree of production factors marketization Labor market Capital market 50 70 28 Gu Haibing 1996 Labor marketization Capital marketization Production marketization 35 40 55 Chen Zongsheng et al. 1997 Marketizafion of industrial & commercial enterprises Marketizatio of labor market Marketization of financial market Marketization of real estate market Marketization of technology market 48 65 10 40 71 Data source: See bibliography. 　　It is noteworthy that many studies indicate financial marketization is at a very low level. In recent years, China has made important progress in financial reform and therefore it is necessary to further analyze the degree of financial marketization. Table 5 indicates that monetization of Chinese economy has been high and capitalization of the economy has drastically increased thanks to the rapid development of the stock market. In the meantime, important steps have also been made in interest rate marketization. A nationwide inter-bank market has been preliminarily established; the inter-bank interest rate has become an increasingly true reflection of the supply and demand on the market funds and also a most influential indicator of the financial market; the treasury bonds are issued through marketized bidding. Of course, the marketization of 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。