More than 2000 years ago, there was a well-known Chinese thinker named han Fei Zi.

2000多年前，%中国一位著名的思想家，叫韩非子。

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In Part One, Han Fei advocated that the principles of benefits be drive of ruling the country.

第一部分，韩非提出用利益原则来作为治国的驱动力。

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The Qin Empire relied on the philosophy of legalism (with skillful advisers like Han Fei and li Si).

在大秦依靠法制的哲学(与熟练顾问像韩霏和郦司)。

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But research by Mr Elekdag and Fei Han, also of the IMF, suggests that such external factors explain only a small portion (16%) of the variation in credit growth in emerging Asia.

ECONOMIST: Emerging markets