Like our major enterprises, our policy makers and we in the crowd have to find new roles.
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The National Development and Reform Commission, the top economic planning agency, is in charge of long-maturity bonds typically issued by major state-run enterprises, while the securities regulator runs a separate exchange-based bond market for listed firms.
Hovnanian Enterprises, a major, family controlled builder, just reported a bulge in the sequential rate of contract cancellations.
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He said it was compatible with the world's other major global satellite navigation systems, and encouraged Chinese and foreign enterprises to help develop terminals that could use the Chinese network.
"Foreign-funded enterprises, including those of the United States, are major beneficiaries" of this system, Mr. Wen said.
The provincial government granted Zhejiang the exclusive right to construct and operate major highways in Zhejiang Province - which, as home mainly to township enterprises, private companies and foreign enterprises rather than rickety state-owned enterprises, enjoys a relatively healthy economy.
In return, Beijing is getting engineering contracts to build port and road infrastructure, winning business for Chinese state-owned enterprises, and showing off what China is good at: building major infrastructure projects in record time.
Hovnanian Enterprises (nyse: HOV - news - people ), a major, family controlled builder, just reported a bulge in the sequential rate of contract cancellations.
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