��Y��ˮ��

��r�g��2011-08-08 08:42 ��Դ��H��ڈ� ��: ��x��2568

�ڲ��h�Č��ˮ��K��Ͷ�Y��,��ݔˮ�ܵ��W(w��ng)�j(lu��)�Įa(ch��n)�܌��^��ʯ�ͺ��Ȼ��,��ˮ��܇�̓�ˮ�O(sh��)��Ҏ(gu��)ģ��^��Ƶ�ʯ��,��Ȼ��Һ��⡣

ˮ��(w��)Ͷ�Y��Ȼ�L��ˮ��,��(j��)��ԃ��˾“Ͷ�м��F”(ChinaVenture)��ڰl(f��)��Ĉ��,��“��Ї�ˮ��(w��)�I(l��ng)��˽��Ͷ�Y��7��_��4�|��Ԫ,��ȥ��ȫ��Ͷ�Y��~��5000�f��Ԫ,��”Ͷ�Y�~��@��j��y��ˮ��͸��X;,��

��Ј��

�Ќ��ұ�ʾ,��Ї��ˮ��(w��)�Ј��ԭˮ��ˮ,��ˮ̎��,��ˮ��̎��ИI(y��),��߀��O(sh��)ʩ��O(sh��)Ӌ�c��,��

��P(gu��n)��(sh��)��(j��)��Ї�ˮ�YԴ��_27711�|��,��˾�ˮ�YԴ��ֻռ��ƽ��ˮƽ��1/4,��ˮ�YԴ��ȱ��r�£��Ї��ĳ��ˮ̎��ֻ��70%,��Ŀǰȫ��ԭˮ�ϸ��Ҳֻ��65%,��(j��)��ҭh(hu��n)��ֵıO(ji��n)�y,��ȫ��s1/2�ĳ��Ѕ^(q��)��ˮ��Ⱦ��,��֮��ˮ̎��g(sh��)��˞��ˮ�YԴ�ľoȱ,��

Ŀǰ,��ڽ�Q��Ć��}�ϲ��“��(n��i)��”��Y(ji��)�ϵķ�ʽ��2002��,��Ї��I(y��)�I(l��ng)��S��(j��ng)�I�ƶ��ԁ�,��ˮ��(w��)Ͷ�Y��Y��I��I(y��)�_�ţ�ˮ��(w��)BOT(��S��(j��ng)�I�ƶ��I(y��)��O(sh��)��A(ch��)�O(sh��)ʩ�ĵ��ͷ�ʽ)�đ�(y��ng)��׿�г�Ч,��l(f��)չ�Ї��,��˽�I�ɷ��ṩ�Ĺ�ˮ��l(w��i)��(w��)��Ҋ,��ͨ��ֻ�в��3%��˿��˽�˹�˾��˽�˳ɷֵĹ�˾�ṩ��(w��),��⣬��2008��׆��ӽ�(j��ng)��̼�Ӌ��ԁ�,��ˮ��(w��)�̶��Y�a(ch��n)Ͷ�Y��ѽ�(j��ng)�B�m(x��)4�곬�^25%,��LͶ��ұ�ʾ,��M��Ŀǰ�Ј��̎�ڷ�ɢ�A�Σ��Ј��̶��ѽ�(j��ng)Խ��Խ��,��

��(j��)�A(y��)��,��2010��Ї��ˮ��(w��)�Ј��s3500�|Ԫ��2015��7500�|Ԫ,��S��ص�ˮ��Ⱦ,��ˮλ��½��ɺ��ͺ��(z��i)�o��Һ͇��񽡿��{,��ˮ��}�ѳɞ��һ��֮��,��δ��ʮ�꣬�Ї��ʂ��ˮ��(w��)��A(ch��)�O(sh��)ʩ��Ͷ�Y4�f�|Ԫ��,��ν��O(sh��),��ˮ��ˮ̎��ϵ�y(t��ng)�ϵ�֧��

�Ї��L�UͶ�Y�о�Ժ��Ժ�L�r��x�ڽ��ܡ��H��ڈ�ӛ�߲��L�r��ָ��ˮ��(w��)�Ј��Դ��ڏV��Ј��g,��ָ��,��S��ҕ��(ji��)�ܭh(hu��n)��Լ��h(hu��n)��a(ch��n)�I(y��)��߼�Ͷ��Y�h(hu��n)��څ��,��δ��Ї��ˮ��ˮ̎�팢ӭ��޴��Ј��,��Ї��F(xi��n)�й�ˮ��I(y��)�ʬF(xi��n)��ɢ��ԣ��@Ҳ��ˮ��(w��)Ͷ�Y��˾�Ĳ�ُ�l(f��)չ��޴��Ј��C��,��,��^Ŀǰ��ֹ��һ�Pˮ��(w��)��ُ��ף��2.82�|��Ԫ��ُ��¼��е��_��H��F,��_��һ��Ҫ��Ї��\�I�Č��I(y��)ˮ̎��˾,��

ǰ��l(f��)Ͷ�Y��

“�h(hu��n)��o��ȴ��M��ˮ̎��ИI(y��)�İl(f��)չ��ˮ�r�ĸ��ˮ��(w��)�Ј��ľ޴��̙C,��”һλ�LͶ��V��H��ڈ�ӛ��,��ǰ��н�˾�A(y��)�y,��δ��3��5��,��ˮ��(w��)�̶��Y�a(ch��n)Ͷ�Y��L��څ��߀��^�m(x��)��֧��Ͷ�Y�ĸ��L,��Ї��ˮ�r��ɱ��ϝq,��ˮ�r�ϝq��ˮ�Ŀֱ��档

��y��ȫ��Ԏ�Willem Buiter 7��21��Ҳ��,��δ��,��ˮ��͸��Ͷ�Y�rֵ��(j��)��A(y��)�y��ڲ��h�Č��,��ˮ��K��Ͷ�Y��,��ݔˮ�ܵ��W(w��ng)�j(lu��)�Įa(ch��n)�܌��^��ʯ�ͺ��Ȼ�⣬ˮ��܇�̓�ˮ�O(sh��)��Ҏ(gu��)ģ��^��Ƶ�ʯ��,��Ȼ��Һ��,��µ�ݔˮ�\��ϵ�y(t��ng)��Ї��ˮ��{(di��o)��ô��󡣴��,��25��30��(n��i)��γ�ȫ��һ�w��ĵ�ˮ�Ј�,��һ��ˮ�ĬF(xi��n)؛�Ј��F(xi��n)��һ�w��؛��ˮ��P(gu��n)��Ʒ��ڹ��ߵȵȶ��^��,��ˮ��K�ɞ��Ҫ��Y�a(ch��n)��һ��Ʒ,��׌ʯ�͡��~,��r(n��ng)�a(ch��n)Ʒ��F��ǰ��ʧɫ,��

�ڇ��(n��i)��ڹ�(ji��)�ܭh(hu��n)��“ʮ��”��(zh��n)��d�a(ch��n)�I(y��)��֧��a(ch��n)�I(y��),��Įa(ch��n)�I(y��)朵��(q��)��,��Y��(��I��Y)��ӿ�룬ˮ��(w��)Ͷ�Y�F(xi��n)��׃��ֿɟ�,��ǰ,��˽�˹ɱ��˾KKR�͌��҇�(li��n)�ϭh(hu��n)��g(sh��)��˾��һ�P�_1.14�|��Ԫ��Ͷ�Y��2006��P��ԁ�ˮ�ə�(qu��n)�D(zhu��n)׌��_�Ⱥ�,��ֹ,��ж��Y�Ը��r��ُ��ع��Ї��ˮ��(w��)�Ŀ��а��Themes Investment�ͼtɼ�Ї��˽�˹ɱ��˾,��

��(j��)�˽�,��“ʮ��”��g��Ї��h(hu��n)��Ͷ�Y�~�A(y��)Ӌ��_3.1�f�|Ԫ,��h(hu��n)��a(ch��n)ֵ��^2�f�|Ԫ,��ˮ��(w��)��鹝(ji��)�ܭh(hu��n)��ИI(y��)��{��P(gu��n)��T��ƶ��ġ��(zh��n)��d�a(ch��n)�I(y��)�l(f��)չҎ(gu��)��У��һϵ��߶��ˮ��(w��)�ИI(y��)ֱ�Ә�(g��u)��L��,��(j��)�Ї�ˮ�W(w��ng)�l(f��)��һ��Ȉ�桶�Ї�ˮ�I(y��)��c�Ј��A(y��)�y,��څ��“ʮ��”��g,��ˮ��(w��)�I(l��ng)��Ͷ�Y��Ӌ�_��1�f�|Ԫ,��⣬�A(y��)Ӌ2010��2015��g,��Ї��й�ˮ�ИI(y��)��Ͷ�Y��2200�|Ԫ,��ˮ̎��ИI(y��)��Ͷ�Y��7000�|Ԫ,��

�r��xָ��S��YԴ�h(hu��n)��r��ĸ�,��̼��(j��ng)��P(gu��n)�a(ch��n)�I(y��)��ߵ��ƣ�Ŀǰˮ��(w��)��I(y��)Ͷ��Y��߭h(hu��n)��Ҳ��u��,��ҷe�O�Ą�˽ļ�ə�(qu��n)��Ͷ��,��ˮ��(w��)Ͷ�Y��Ј�ǰ��ʮ�֏V韡��P(gu��n)�C��(g��u)�A(y��)�y,��ˮ�YԴ�ИI(y��)��ɞ�δ��ߝ��Ͷ�Y�Ŀ,��Ќ��ָ��Ї�ˮ��(w��)�a(ch��n)�I(y��)��,��ԁ�ˮ��(y��ng)�ѽ�(j��ng)���,��ˮ̎��ИI(y��)�İl(f��)չ߀�кܴ��g��

ֵ��ע��,��Ŀǰˮ��(w��)�Ј��̎�ڷ�ɢ�A��,��ھ޴��Ј��֮�£��Ї�ˮ��(w��)��I(y��)�ܷ�ץס�C��F(xi��n)��a(ch��n)�I(y��)��һ��ش��(zh��n),��Ќ��ұ�ʾ,��ˮ��(w��)�ИI(y��)��Ј��ʹ�ÿ�^(q��)��U��ɞ��ܣ�ֻ��Ј��ɢ�r�ڳ�֔U��Ј��~��I(y��)��δ��ИI(y��)��ռ��(j��)��λ,��