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“拨改贷”和“债转股”以及“国企改革”三组词构成一幅语音不错的对联,读来很上口。回想起来,当年宣传和实行拨改贷的时候,是有一大套说法的。主要的意思是,预算软约束是国营企业的根本性问题或者很严重的问题,而国家对企业无偿拨款是导致软约束的基础;实行拨改贷以后,企业借钱要还,约束变硬,就会在经营上比较努力。现在的说法
“Dial Loans ” and “Debt to Equity ” and “State-owned enterprise reform ” three groups of words to form a good voice couplet, read very catchy. In retrospect, when propaganda and implementation of the loan reform was made, there was a large amount of argument. The main idea is that the soft budget constraint is a fundamental issue or a serious problem for state-owned enterprises. However, the state-funded grants to enterprises are the basis of soft constraints. After the implementation of the policy of granting loans to banks, the enterprises borrow money to repay and harden the constraints. Will operate more hard. Now saying