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For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select A Theoretical Reflection on Interest Rate Restraint and Interest Rate Liberalization——Also on the Relationship between the Accumulation of Monetary Capital and the Accumulation of Real Capital Chen Xiang-guang Teaching and Research    Select A Political Economic Inspection of Financialized Accumulation Mechanism CHEN Xiang-guang, YUAN Hui Teaching and Research    2011, (12): 45-52.   Abstract （1245）      PDF （380KB）（1710）       Knowledge map    Save The rapid development of financialization promoted the process of monetary capitalization and capital virtualization in a society with the consequence that accumulation is operated through different forms of capital.Thus,an accumulation mechanism suitable for financialization is formed accordingly.With the financialization of accumulation mechanism social accumulation process develops along with accumulation of monetary capital and virtual capital in the society.But the financialized accumulation mechanism has its own critical contradictions.The internal instability is a case in point.This will not only cause obstacles to accumulation,but also trigger fluctuation and crisis in economy and finance. Reference | Related Articles | Metrics Select On Causes for and Solutions to Imbalanced Distribution of Income in China CHEN Xiang-guang Teaching and Research    2007, (7): 29-35.   Abstract （1191）      PDF （563KB）（1710）       Knowledge map    Save The preliminary distribution of income under market economy is directly related to the distribution of production conditions.This distribution of production conditions refers to not only the shares among members of a society,but also those among different departments.Thus,fair distribution of income depends on fair distribution of production conditions in these two respects.The author claims that it is in these two aspects that the cause for unfair distribution of income in China lies.In order to solve the problem of a large gap in income and unfair income distribution,it is necessary that the problem of unfair distribution of production conditions be solved first before a fair foundation of income distribution can be established. Reference | Related Articles | Metrics Select Economic Incentives for the Demand to Raise RMB Values and Adjustment of Relevant Policies CHEN Xiang-guang Teaching and Research    2005, (7): 5-10.   Abstract （1227）      PDF （1181KB）（1685）       Knowledge map    Save The favorable balance in China’s foreign trade and our increasing reserves of foreign currency have turned out to become incentives for a demand that the value of RMB be raised. However, the claim that the need for raising the RMB value lies in the low exchange rate of RMB is not well grounded. Instead, the most crucial cause for this situation has come from the relative low value or price of the Chinese laborers, which in turn gives rise to some direct and indirect effect. Therefore, the right policy is not to change the RMB exchange rate, but to adjust the relative value or price of the laborer. Reference | Related Articles | Metrics Select On Contradiction between Excess Savings and Inflow of Foreign Capital and Solution to the Problem CHEN Xiang-guang Teaching and Research    2004, (8): 25-32.   Abstract （1188）      PDF （2926KB）（1629）       Knowledge map    Save The conventional two-gap model analysis associates introduction of foreign capital with shortage of savings and foreign currency. Thus, coexistence of excess savings and introduction of foreign capital is considered impossible. However, this is not true of the reality of China today where excess savings and inflow of large amounts of foreign capital go hand in hand. This is an indication of both low efficiency in operation of the capital, and disorder and imbalance of savings and investments under circumstances of economic opening-up. The author points out that this problem can be solved neither by controlling savings nor by limiting inflow of foreign capital, as these measures will only intensify the imbalance of savings and investments, and eventually affect our long term economic development. The author suggests that solution to this problem lies in raising efficiency of capital operation and evenly distributing savings from home and abroad. Then, we will be able to adjust foreign capital and foreign investment, in order to raise the balance between savings and investments. Reference | Related Articles | Metrics Select Designation of Rate and Regulation Function of Rate CHEN Xiang-guang Teaching and Research    2000, (11): 19-25.   Abstract （1044）      PDF （476KB）（1582）       Knowledge map    Save Aspects that affect the level of rate include profit of the enterprise and relation between demand and supply of capital allocated to loans. This relation is influenced by the amount of savings and investment from non-financial bodies, and by activities of administrative organizations of currency. The rate may fulfill functions of regulating savings and investments, resulting in a rational distribution of the capital. To reinforce the regulation function of the rate, proper economic foundation should be established accordingly. Reference | Related Articles | Metrics Select Reform in State-Owned Enterprises Requires a Change in Subsidy Mechanics Chen Xiang-guang Teaching and Research    1997, (2): 18-23,63.   Abstract （1061）      PDF （895KB）（1652）       Knowledge map    Save Enterprise subsidy is an economic phenomenon existing in a certain economic system.If properly utilized as a means of adjustment it can effectively adjust the whole process of economic operation and,in turn,prompt economic progress and ensure technological improvement.Compared with enterprise subsidy under traditional economic system,enterprise subsidy in China today is different in two ways.One is reflected in a change from cover subsidy to overt subsidy;the other is a more rapid increase in the quantity of subsidy.In the course of the shift in economic systems large amounts of subsidies not only mean a heavy burden on national finance,but also pose serious obstacles for economic development and further reform in economic system.It is utmost urgent that a reform be carried out in enterprise subsidy mechanics so as to reduce the amount of protective subsidy of enterprises by the government. 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