Older Chinese people have seen the ballet white-haired girl ", the story is the heroine of the father YangBaiLao you unable to pay usury, so HuangShiRen will take you owe, you are forced to run to the mountains. Because of lack of salt, the more you QingSi became white hair, become a savage white-haired girl. This story tell us, death usury. The story is very far away from our s. China's reform and opening up, lending relationship also changed a lot. In normal capital market, often appear the debtor of debt phenomenon, make creditors to do, once a debtor bankrupt, but cause systemic financial risk. And in the folk lending market, the possibility of debt greatly reduced,NFL Jerseys both strong human relationship, but also because of debt collection methods and let all cost increase in debt. QianZhaiHaiQian, perfectly justified, but still don't pay? One is run road, you like that to HuangShiRen find hiding place. Or with its life, an. Recently some corporation boss because capital wenzhou chain rupture, unable to pay usury, had to run road, even commit suicide. According to reports, at least in wenzhou of more than 80 business owners fled or enterprise collapse, which occurred on September 26. September 22,, since, more have three boss jumped off a building suicide, two died a wound. The plight of the wenzhou businessmen to SOB. Wenzhou people can endure hardships, keep promise, and to pay attention to the person of hometown relationship, not absolutely necessary, wenzhou businessmen will not choose to run the road and jump off a building. Wenzhou emotions in man again, the folk rich, private economy developed, civil lending is also very active, my friend in wenzhou family are all involved in the activities of the folk lending. The economic boom times, folk lending to small and medium-sized enterprise saved nasty, also let the rich fund got effective use, but funds, folk borrowing costs could significantly improve. China's inflation this year is serious, tightening policy was implemented, the market funds, small businesses is financing difficulties. Necessary, a few small enterprise can only seek usury. Though usury can solve the enterprise short-term money problems, but high borrowing costs also let enterprise to bear. Wenzhou folk lending interest as much as 3-5 points, individual or even to six points to 1 Angle, this means that the highest interest rate you borrow-and that is per month is equivalent to the 10% usury, if by compounding, as high as 214% annual interest. In such a high interest rates, the borrower can only use usury solve a rainy day, if their too rely on, the reimbursement of pressure. Wenzhou boss run road after suicide, the local government has adopted a series of measures, in an effort to ease enterprise money trouble. Government measures can alleviate wenzhou enterprise debt crisis remains to be seen, but caused by usury enterprise credit and survival but should pay high attention to the government. On the one hand, reflects life difficult for small businesses, on the other hand reflects the financial system has deficiencies. Lead to wenzhou boss credit is the main reason for the tragedy has two, one is the policy, and the second is system. The discrimination of corporation policy has led to small businesses have to use usury. In addition to industry admittance system discrimination, macroeconomic regulation also add to corporation damage. The government to stimulate the economy, will turn to financial resources to the state sector. The state-owned enterprise funds rich, seeks for excess profit, wantonly in resources and land acquisition activity and pushing prices up. And when to restrain inflation in the government, the corporation credit limit,NBA Jerseys make corporation financing environment dramatically worse. Small businesses in order to survive, on the one hand, to deal with rising cost pressure, on the one hand, had to borrow usury. Wenzhou is more and more big jump off a building boss in the production cost pressure, lost the ability to service its debt. And in a system level, due to the lack of financial system, and the financing difficulties in small businesses. In developed markets, to solve the difficult problem of financing for small businesses, the government hand to encourage the development of community bank, on the one hand, protect folk raise money. In China, the folk raise money belong to illegal activity, and community Banks to build just start, folk lending has not yet the sunshine. Practice and theory prove, rely on large Banks to small business loans is not realistic, China now will solve difficult financing for small businesses to encourage large Banks in question bets on the development of credit for small businesses. Desire is very good, but wrong direction. Short-term administrative measures or can alleviate wenzhou debt crisis, but small businesses facing the predicament and long-term policy discrimination is small business credit expedites the root cause of the crisis. Only in a system level and reform policy aspect, can solve small businesses survival problems. Persecute you become white-haired girl is not the HuangShiRen, but "the evil old society". Also, lead to wenzhou boss and the real problem is not enterprise tragedy usury, but not fair economic policy and unreasonable financial system.
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Don't put the yuan depreciation think so well
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