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抗战时期,纺织工业的国营、民营之争就已开始,但国民政府一贯坚持纺织工业民营化的原则。然而,战后国民政府却接收原在华日伪纱厂,建立国营中国纺织建设公司,违背了纺织工业民营化的诺言。以后为补充财政不足,国民政府又一度积极推进中纺公司民营化及其股票发行工作。尽管如此,1948年以后由于内战扩大、通货膨胀等种种原因,纺织工业走向全业破产。纺织业资本纷纷逃货南下,国民政府对财政经济状况失去控制,资本市场日益失序,无法正常运作。在这种情况下,中纺公司的股票出售不能按预期顺利进行,其民营化方案也自然未能实现。
During the war of resistance against Japan, the struggle between the state and private sectors of the textile industry began. However, the Kuomintang government consistently adhered to the principle of privatization of the textile industry. However, the post-war National Government took the former China Fake Yarn Mill and established a state-run Chinese textile construction company, violating the promise of privatization of the textile industry. To supplement the fiscal deficit in the future, the national government once again actively promoted the privatization of China Textile Corporation and its stock issuance. However, after 1948, the textile industry went bankrupt due to various reasons such as the expansion of civil war and inflation. The capital of the textile industry flee south one after another, the national government has lost control over the financial and economic conditions, the capital market has become increasingly disorderly and the normal operation of the capital market has become impossible. Under such circumstances, the sale of shares of China Textile can not proceed as expected, and its privatization program will naturally not be realized.