Years of Poems and Spirits

Based on Nicholas Lardy’s Integrating China into the Global Economy

以开放推动改革 (wu jinglian)

由于四大国有商业银行的基本体制并未发生根本性变化，到２０００年末，其不良贷款率又提高到３３. ３７％。从２００１年开始，政府对四大国有商业银行下达了降低不良贷款率的指令性指标。在各地组织了专门班子，为商业银行的不良贷款逐笔建立专账，锁定基数，按月分析，按季考核。到２００３年末，它们报告的不良贷款率下降到２０. ３６％。 　　不过，银行不良贷款数字的这种降低并不足以使我们高枕无忧。这是因为：（１）它没有计入仍然悬在分属国有商业银行的四大资产管理公司账上的１万４千亿不良资产；（２）不良贷款率的下降，一半以上是因为贷款余额的大幅度增加所致，并不直接说明贷款质量的提高；
(http://www.china-week.com/html/02391.htm)

2000-2001 Auto price war in China in anticipation of lowering tariff on imports, consumer behavior:
(风舞云动——纵谈入世后的汽车价格, 汽车时代 2002.12, 敬伟)

Auto industry: 2nd most profitable, excellent sales in 2004, growth beyond anticipation, generally lowered price and increased competitiveness.
(降价引发中国汽车完美风暴, GD-HK&Macau Price 2004.06, 魏雅华.)

Interview with Long Yongtu (龙永图）, China WTO negotiator, “people lived on trading auto quota permit … removing tariff cleans up corruption”
Different view: import grows 20.5%, value gorws 24%, domestic inventory grows from 4.73 w to 11 w
Urging price coordination among domestic textile manufacturers. Domestic price war.
WTO anti-dumping patrol
Chinese setup factories in Mexico.
(”配额保护”取消汽车纺织农产品前景如何? 袁平 World Market Journal 2005.01 )

After 3 years of WTO, China has:
Lowered some tariffs more/sooner than promised
Actively improved bilateral trade channels
Enacted many trade laws
WTO’s impact on China:
+ # of large foreign companies in China
+ % of FDI growth
- Trade tensions with the U.S. (# of anti-dumping cases)
- Governmental support
(中国加入wto三年回顾与评析, 陈文敬. China Tendering “经济人文” 2005.Z1)

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