| The main object of my thesis is to aim at the most striking problem,which exists in the current status of China's national debt development,in another word,the focal point to carry out a deepening analysis. I will probe into any possibly practical strategies and resolution to the problem through practical experiment (using the statistics indexes),comparison and abstract deduction and soon.Like regarding any problem,we have to solve the national debt problem by starting from its basis and detail,which the profession is consisted of. The rational sequence of the studies should be from the near to the distant,from the easy to the difficult,from the internal to the external. We have to make effort to reach the fixed target step by step and stage by stage. The method of study or methodology of my thesis will be as above mentioned.The thesis can be divided into four parts.The first part begins from a review of the recovering the national debt issuance by Chinese government since 1981after an interruption for 20 years,thus evolve the prelude of China's national debt development. We can absolutely say that the national debt profession itself is a simultaneous economic phenomenon along with our country's reform and opening-up process. Just as the reform and opening-up policy has been deepening its'knowing,defining its direction and achieving its result in a long-term and hard-working probing,the issuance of national debt,circulation and the development of its financial and monetary adjustment function also have experienced a tortuous way that lasted for 20 years. Up to now,natal debt has played important role in the national economy no matter in depth,spread and its scale. While there is no need for reticence that much inevitable problem and difficulties exist From the point of overall situation,it is need to properly solve the "bottleneck" through the improvement of whole economic system . such as financial and tax systems,especially the further consolidation of the tax-dividing system;the defining of the central bank's indirect adjustment system;the market-subject function development of the financial institutions mainly composed of commercial banks and the last victory of the restructure of state-run enterprises. All the things mentioned above are included in internal policies which are carrying out and exist some arguments and obscure opinion. Meanwhile,it is also an important issue for the management officials to face the joining WTO and competition from foreign financial institutions and enact the corresponding strategies and gear to the international rules. China is a developing country and also is a socialist country from the planning system to modem market economic one. It is the same important for China to develop,reform and keep stability. It has to make up its shortcoming in the modernization and industrialization in the meantime of introducing the market economic system that has been performing for more than 300 yeas in western nations. During deeply studying the western economy history and our national debt development history,we often surprisingly find out that the natal debt almost play an irreplaceable role in economic growth and civilian's life. It is similar with a nerve center with high energy and multiply functions that can be used for accumulating resource,emitting,information,receiving control,balancing the dislocation,dredging the bottleneck and raising national economic quality and level. It touches all the comers from the government to things the common folks care for. As security,the history of national debt is much longer than the stock shares. While as government bond,its function is manifested mainly on the macroeconomic stratum.. So the national debt tool should include in economic system and domain of systematic factors,or the specific presentation and media of the system. Starting from this angle,I think that the structure and function of national debt directly shows the essence of our market economic system and that its function quality determines the operating efficiency of... |
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