| 1. | Non - state economic sectors
非国有经济部门 |
| 2. | Financing deregulation decreases the resource transfer from the banks to the state - owned sector , and increases the funds resource of the non - state - owned sector
放松融资管制，将减少国有经济部门从银行获得转移资源，增加非国有经济部门的投资资源。 |
| 3. | The model argues that investment deregulation is the start - point of chinese market - oriented reform , and it causes the development of non - state - owned sector
放松投资管制，允许居民投资和自己组织生产，会导致非国有经济部门的成长，这是中国市场化过程的起点。 |
| 4. | It is the resource transfer between state - owned sector and the non - state - owned sector that makes chinese economic growth and fluctuation in the process of market - oriented reform has different characters
正是国有和非国有经济部门之间的资源转移使中国市场化过程中的增长与波动具有不同的特征。 |
| 5. | In this way , investment deregulation accelerates the capital stock and economic growth both in the state - owned and in the non - state - owned sector , i . e . in the whole economy
因此，放松投资管制在促进非国有经济部门的资本积累和产出增长的同时，也加速了国有经济部门的资本积累和产出增长，促进了整个经济的资本积累和产出增长。 |
| 6. | Until the non - state - owned sector gets sufficient development and occupies a bigger share in the output , relieving financing regulation can improve the capital stock of the non - state - owned sector and then the output growth of the whole economy
只有当非国有经济部门得到充分发展，并在产出中占较大份额时，放松融资管制才会促进非国有经济部门的资本积累和整个经济的产出增长。 |
| 7. | Investment regulation and financing regulation can influence the investment demand of the non - state - owned sector , by this reason , the change of the degree of investment and financing regulation will cause the fluctuation of the aggregate demand and the economy
投资管制和融资管制由于能影响非国有经济部门的投资需求，因此，投融资管制程度的变化，将引起总需求波动和经济波动。 |
| 8. | There is resource transfer between the two sectors . the resource transfers from state - owned sector to non - state - owned sector through the expenditure of wage , and it transfers from non - stated - owned sector to stated - owned sector through resident ' s saving deposit
两部门之间存在资源的互相转移，国有经济部门通过工资支出向居民和非国有经济部门转移资源，非国有经济部门通过居民储蓄存款向国有经济部门转移资源。 |
| 9. | But in the period when the non - state - owned sector has not developed sufficiently and the growth of non - state - owned sector still depends on the resource transfer from the state - owned sector , if we relieve the financing regulation too early , it will harm the growth of the state - owned sector and then the growth potential of the non - state - owned sector , so the growth of the whole economy gets damage
但是在非国有经济部门还没有充分发展以前，非国有经济部门的增长还需要大量依靠从国有经济部门的资源转移时，如果过早地放开融资管制，将损害国有经济部门的增长，从而也会损害非国有经济部门的资本积累和产出增长潜力，最终不利于整个经济的快速增长。 |
| 10. | As severe financing regulation in the non - state - owned sector exists in the process of investment deregulation , state - owned sector gets more funds from non - state - owned sector in the form of saving deposit in the market - oriented process , thus accelerates the capital stock and economic growth in the state - owned sector
由于在放松投资管制的过程中，仍然对非国有经济部门实行了较严格的融资管制，伴随非国有经济成长的居民储蓄存款增长，使国有经济部门在市场化过程中获得了更多的投资资源，加速了国有经济部门的资本积累和经济增长。 |
