融资租赁中英文对照外文翻译文献.docx

1、融资租赁中英文对照外文翻译文献中英文资料外文翻译附录1： （原文）The Determinants of the Leasing of Small Companies1, international for small and medium-sized companies were discussedAt the beginning of the 20th century, appear with ford motor as a representative of the mass production methods, people believed in the enterprise of

2、 large-scale business is the trend of The Times. But last of the twentieth century ago in economics leading view also think big enterprise is efficient, the scale become the pronoun of efficiency, enterprises economic development of large-scale become direction. Yet the century in the 1970s, a kind

3、of traditional ideas began challenged. In 1973, the British scholar schumacher (E.F.S chumacher) published a small is a good book. Quickly and has caused a great echo. The author thinks that the western countries specialization, large-scale production pattern looks is solved production problem, but

4、actually is an illusion. This mode of production caused economic inefficiency, environmental pollution, resource exhaustion, and fostered many social problems. Therefore, must choose again a development pattern or way. Schumacher pointed out the development of large-scale and automation error, advoc

5、ated the development of small and medium-sized intermediate technology. He thinks. To make the society enduring development, must go miniaturization, among the development of roads, especially to the development of small and medium-sized enterprises and intermediate technology. British prime ministe

6、r Tony Blair also put forward by 2005 to the development of small businesses of British construction become heaven .2, small and medium-sized enterprises in Chinas economy contributionSmall and medium-sized enterprises is an important means of technical innovation. Before world war ii, the century w

7、ith different since the 1960s and 1970s gradually arisen on information technology and biotechnology as the core of the new technology revolution is mainly in small and medium-sized enterprises, and at least in lots of small and medium-sized enterprises tody develops. In the middle of the century ag

8、o, rich economies in the proportion of small and medium-sized enterprises has been declining trend; In the middle of the century especially after the 1960s and 1970s, and small and medium-sized enterprises and started mass development (see Storey, D.J., 1994). This suggests that small and medium-siz

9、ed enterprise is to adapt to this new trend of technological progress. According to statistics, so far, small and medium-sized enterprises in China has more than 800 thousand, accounts for the enterprise 99% of all. In since 1960s of rapid economic growth, industrial output value of new 76% above is

10、 created by small and medium-sized enterprises. Small and medium-sized enterprise output and realize profits tax have accounted for 60% of the national respectively and 407., in recent years in the total export, small and medium-sized enterprises accounted for about 60 percent. no doubt, small and m

11、edium-sized enterprises has become the new growth point of boosting the national economy, promoting Chinas economic boom is the main driving force of uplink. About smes in the countrys economy, the importance of roughly boils down to:First, provide employment opportunity, absorbing surplus labor for

12、ce. Compared with large enterprises and small and medium sized enterprises are using more labor-intensive technology, so the development of small and medium-sized enterprises can help alleviate current employment pressure. In fact, although small and medium-sized enterprise role far more than that,

13、but it is small and medium-sized enterprises of this feature, to medium and small-sized enterprises for people increasingly attention. Our country the industry and commerce registration of small and medium-sized enterprises, more than 1,500 million, accounts for the total enterprises ninety-nine per

14、cent, to be town provides seventy-five percent of the jobs.Second, create the mainstay of GDP. According to the above information: small and medium-sized enterprises in the national industrial output account for about 60, realize profits tax of up to 40%. Table 3-1 for our independent accounting ind

15、ustrial enterprises in 1995-2000 some data, including various types of enterprise of gross industrial output and the proportion of total assets, value added of industry and the proportion of total assets and profit tax amount to total assets ratio (namely fund LiShuiLv). We can find that, regardless

16、 of in the output value on the proportions still in proportion of small and medium-sized enterprises are superior to large enterprises. This shows that every unit fund of small and medium-sized enterprises than large enterprise creates more social wealth. But, in addition to 2000, small and medium-s

17、ized enterprises outside the capital LiShuiLv below large enterprises. So, in proportion with capital value LiShuiLv appears between some contradictions. Because the latter reflects the former distribution relationship, this is because of hard to get the bank low-interest loans to small and medium-s

18、ized enterprises to use capital interest of proportion of those enterprises.Lease financing background is socialized production developed market economy development to a higher level, industrial products, developed countries and its relative surplus of industrial capital seek and develop new market,

19、 therefore in the investigation of its function and advantages, cannot be separated from the historical background. Only understand this historical background, can answer financing lease why produced in the 1950s and to worldwide development, rather than creating and developing in other time periods

20、. Financing lease improved social reproduction pace, acceleration of capital goods circulation and consumption, drive investment demand and the fellowship demand expanded. Eventually have a promotion aggregate demand growth, and thus to promote full employment and economic development.3. Move invest

21、ment demandBritish lease experts, the bott who specially in the world on the lease yearbook of literary theory and the effect. He said: in fact, some governments are shifting in full-scale lease to stimulate domestic investment. They moved to increase employment desire from an . He in investigating

22、the German and British examples. Conclusion: lease industry in ensuring the role of main domestic investment was profound. Governments also encourage leasing company for capital equipment finance to expand exports, in order to improve their producers in the international market competition in positi

23、on. Lease financing are able to expand domestic demand, increase employment in plays a unique role, reason mainly has two sides, the first, the financing lease of the equipment supplied whatever is located where requires some personnel, this undoubtedly will increase employment; Second, governments

24、for lease provides preferential tax reduced leasing companies and enterprises financing cost, thus make many enterprises want to use lease form to carry on an investment, investment increase is apparent.4 our experienceOur country economy in the 1990s, has maintained a strong growth momentum. During

25、 this decade, there are eight years is the Clinton administration office. Chinas President economic commission chairman is 2001 Nobel Prize winner Joseph. SiDiGeLiCi as he died, but also by the Nobel Prize winner, lemon, the author of the article George gram rove lady janet Aaron, which are both as

26、a new Keynesian representative figures, they advocate information asymmetry theory that completely on market economic regulation is not solve all problems. As a free economy does not guarantee during the trade information symmetry, causing some areas of adverse selection (vicious circle) and moral h

27、azard (credit crisis), this shows that our country was inclined to conditionally government intervention and control the market. Our country government to use tax and interest rate leverage to regulate the market, with investment policy caused investment direction. These again and lease have interna

28、l relations. Our so-called tuyuhun equipment leasing the financing lease of by the financing involving rates, strong city in the policy has led to $rising interest rates to lease bring the opportunity of the development. Our tax on rental industry has certain preferential, while rental industry is m

29、ore relying on talent advantage and control the ownership of the lease objects legal status, make full use of our country to encourage investment preferential policies, and designed the system lease, such as: leveraged lease, tax leasing, etc in accord with the government encourages investment direc

30、tion lease modes, enlarged policy efforts, promote the economic development of our country. From our lease data can be found in a decade ago our lease permeability (leasing forehead occupies equipment investment proportion) is 32%, lease the forehead is $120 billion, after 10 years (1999), the leasi

31、ng of statistical data, the lease 34.4% permeability is the forehead is 2260 billion dollars. Lease lease frontal doubled. Its economic permeability (rental amount of GDP) 30% of the proportion of GDP of China accounts for almost a third. Lease with the China economic double forehead, but no major p

32、ermeability changes show that lease is not omnipotent, just a economic levers, from our own experience, lease for economic development in the ability to move around. Lease has so magical function, it mainly in the operation of the real rights and use separation concept in action, property and rights

33、 separation gave lease activities to enlarge government control of the will, become market between government and market between effective macro-control measures. From since 9/11, our country and take several rate cuts and tax adjustment policy, as well as expand access to war, lay particular stress on government input control economy