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葫蘆島翻譯公司關(guān)鍵字：residents from the indicators in the western region the country's total savings deposits of urban and rural residents in the proportion of 1998, 2000 and 2002, respectively, accounting for 16.35%, 17.77% and 17.37%, while the eastern region over the same period compared to 59.31 %, 58.50% and 59.45%. The banking sector, on behalf of regional financial institutions in their levels of accumulation of deposits indicators, the western region in 1998 accounted for 16.74%, 17.01% in 2000, 16.23% in 2002, far lower than the eastern region of 62.96%, 63.02 %, 64.48%; in the introduction of external funding, the western regional financial institution loans in 1998, 2000 and 2002, respectively, accounting for 19.22%, 18.26% and 17.34%, while the eastern region over the same period compared to 55.04%, 57.75 % and 60.95%. Equity financing in the corporate market, the western region in 1995, financing 1.404 billion yuan, accounting for 18.09% the amount of equity financing, financing of 13.089 billion yuan in 1998, accounting for 18.59%, finance 25.508 billion yuan in 2000, accounting for 19.09%, 2002 sharp decline in financing to 6.629 billion yuan, accounting for only 9.86% that year; while the eastern region over the same period the proportion of the financing of 60% -70%. A small number of western companies, public financing of small-scale, re-financing is not strong. Look at foreign investment, reform and opening up the eastern region has been attracting over 80% of foreign investment, 1995 to 2002 in eastern China using foreign investment accounted for 85.8% of total foreign investment -87.91%, while only the amount of foreign investment in western China use about 35% of total foreign investment. [11]
2.2 China's east-west differences in the evolution of capital formation mechanism and compareIn the planned economy period, the country in a "unified" management system, implement the strategy of balanced regional development, something between the capital region is very much the same formation mechanism, the central government in the regional capital formation plays a leading role . Government, through the individuals to take low wages, high taxes on state-owned enterprises paid to the way, focus on economic surplus, capital formation was the main source of supply, has become a national state-owned economic sector to support the rapid growth of capital formation basis. Therefore, the pre-reform China's unique capital formation mechanism so that capital formation depends on the Government's financial investment, and thus there is no inter-regional differences in capital formation.
Before the reform, the gap between east and west of the capital formation is not great, but after the reform, the gap is gradually increasing. Efficient mechanism to establish whether or not capital formation is caused by differences in capital formation in the east and west, which led to a key factor in regional economic disparities. In other words, the eastern region's rapid development is the key to the eastern region to establish an efficient mechanism for capital formation, this efficient system has significantly contributed to capital formation, economic development to meet the needs of the East, and this mechanism is the lack of backward western regions, and therefore, increase the capital and the eastern region of the gap, thus resulting in a regional economic disparities. [12]
After the reforms, as the economy continues to reform and improvement of workers and peasants "price scissors" reduced labor costs and multi-property rights system, the main correction of the formation of a competitive situation, the original state by individuals to take low wages, the state-owned enterprises to adopt high profits and taxes turned over to the control of the unique socio-economic surplus capital formation mechanism of the gradual collapse of the government to rely on traditional financial resources for capital investment means blocked, but then set up a still functioning to support economic development of the new channels - the financial support system. At this point, the central government with strong state control is still in the fiscal capacity is declining, the banking system through state-owned postal savings system and focus on social savings, to support state-owned economy. [13] (p115-116), but this arrangement a single financial system ignores the financing of non-state economy. In this financial system under the conditions of reform and opening up the eastern region to seize the opportunity, a bold attempt, in the state-owned financial institutions, the establishment of a financing mechanism for non-state economy, and thus the formation of a local economic development, capital formation model, making the state-owned economic
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