Mao Yushi usury exploitation benefits the country

The 82-year-old well-known economist, in recent years was invited to discourse at home and overseas for many years to sprint around to various cities and people can not do without each heading is closely related to the aggregate of pedagogy, house, land, private lending and other issues. But for 18 million mu of arable land ruddy line answer, the proposed
5 mid-May, Ningbo, Zhejiang. Saw the new financial reporter was named Due to age, he had to DAI Qi with a hearing aid, also recently said that while the center does not. Interview, the wife of Mao Yushi is tacitly TRADITIONAL the comfort of their side,PULSERA BLANCA CON MEXICO, quietly hearing.
speak about the controversial private lending in recent years, Mao Yushi believes that lead to such a high interest rate private lending hand to push the state to finance monopoly. He admits, does not release the private lending is not the answer, to let you do first up, in practice lessons studied. When constricting the year for many small and medium enterprises survive embarrassment,
usury is not exploitative
New Finance: In recent years, private lending controversial, most of the interest rate four times higher than the bank base rate (about four times the annual interest rate of 25.24%), and even called usury, how do you think?
Mao Yushi: I think usury well, this is the outcome of optimal allocation of funds. Funds should be dispensed to the maximum efficient projects, which is capable to pay the maximum interest of the project. This auction, as goods should be sold to the highest bidder, no one has said that goods should be sold to the lowest of the people.
New Financial: Currently, more than a lot of small and middling loan-sharking 1% to 10% daily return on investment, many enterprises can not afford, some people say compound interest loan sharks, favor a vampire sucking the blood of SMEs in common will , how do you see this view?
Mao Yushi: This is simple, and immediately there is something, such as a house, now 100 million, I'm not supply price but I still absence to buy, how do you rate this thing? 30 yuan, alternatively a writing, I absence to buy, but I do not have so many money. This private lending interest now, you do not want to borrow, borrow something else to work, you have not reason to say he was out of high interest, not allowed to lend him to be lent to you. Market economy is the delivery of resources through the price of any one entity a price, you can not pay the price you must do not buy.
New Finance: You average, whether the company can not pay this interest ought not have to borrow?
Mao Yushi: Yes, and it, why interest rates so high is because the Government does not encourage everyone to do,PULSERA TRANSPARENTE VENEZUELA, resulting in a serious absence of supply. If more people do, the interest certainly down.
New Financial: insufficient asset in the context of affair, some SMEs desperate to borrow money, be remedied as business people terminal straw has also led to high lending rates in argument.
Mao Yushi: This makes no sense,PULSERA TRANSPARENTE CON FRANCIA, your business is not too valuable raw matters, land is not too expensive, your fatigue is not too priceless? Can not complain (private lending) market interest rates too expensive, you can not pay, do not borrow; or that the boss the erroneous course, you should not do this. Many people complain that business is now increasingly difficult to simply live, the reason is this business of the closing of the alternate, and you forever keep in there, of course, is appropriate increasingly difficult. The boss going to attempt to ascertain new investment opportunities, entrepreneurs, is the ability to detect new markets persist to need the flexibility to alteration your manufacture.
New Finance: the main problems of private lending where?
Mao Yushi: Now is no valid basis for the important private lending, the Government do not patronize such business; The other is the monopoly of state-owned undertakings are not allowed private undertakings and individuals capable good shop and go, the state-owned enterprises so that we can not allow private enterprises and individuals can get there. Meanwhile,PULSERA NEGRA CON LOGO XB, the main obstacle now is that people consider that usury is the exploitation. He does not know how to usury is to build asset, is gainful to entire, the country's magnificent newspaper, on the economy boom and a very big role.

who is the promoter of private lending
New Finance: Zhejiang, many people do not do money transmit industry and business, to send
Mao Yushi: (laughs) We have a wrong prescience that the banking industry is ######## money,Balance arriesgado, not create wealth; harvesting money is real, this is to create wealth. This view is completely wrong. Money is the same, can buy things, the purchasing power of money in various ways are the same. In truth, if you do not damage the interests of others, you make money is to create wealth, you lose money is to demolish wealth.
New Finance: Some human mention that some administration officials and bank staff also deed as a fiscal broker character, indirectly involved in personal lending, you discern how this action?
Mao Yushi: This is good for the financial, you memorize that one, at a time both parties agree to and without presupposition to the interests of any third party activities will create new wealth. Some brokers, you trust me give me the money, I'll make some money, he agreed, and this method that either sides agree. Certainly can not have cheated, is equal to the consent of deception do not agree.
New Financial: How do you understand the private lending and illegal deposits from the public to heave funds for deceit in other?
Mao Yushi: Illegal fund-raising is the money from the state monopoly of our banks are state-run bank's lifeline is everyone's deposits, we do not deposits, bank presently died. It is to monopolize the financial, others not allowed to engage in financial, can merely engage in financial state, which happens to be big problems in our country.
accordingly, should be open to private lending, we can select to not put money into the state-owned banks, if more people went to engage in private lending, the efficiency of the whole society is greatly amended, the efficiency of the use of funds will greatly additional.
New Finance: You mean, leading to such a high interest rate private lending hand to shove the state monopoly of finance?
Mao Yushi: very right. On the one hand we must not engage in private lending, and made personal interest rates so tall, and then said how bad private borrowing. By the same money, the digit is ashore the one hand, there are not the same quality, agreeable quality because your money, the cost point is. What is the quality not the same money? By the same sum of money apt the bank does not borrow anybody money, yet you may have to cost three months, including many petitions, as well for your meals, this loan is the cheap quality of money. The private lending, you today, probably tomorrow will give you the day after tomorrow, do not assure and do not mortgage the interest rate is definitely lofty.


should open up the private bank
New Finance: In the present honor environment monitoring system and defective mall conditions, the release will not guide to a new private lending concerns?
Mao Yushi: This course is a problem, but honestly, now the problem is not out of private lending big banks out, and one can be guilty of corruption and embezzlement of tens of millions, even the premier is corrupt. Private lending will be a small problem, but as far as I know, the problem is not too many, there is always there, but did not manner a big problem in financial markets.
New Financial: There are contentions that need to release the private lending market, the integrity of the market environment as a precondition, maybe because of this, the state can not release the private lending market.
Mao Yushi: This is no way, and China, the meager class of social credit, deadbeat things, more things in dispute. But does not release the private lending is not the question, we should let people know how to practice to gradually how to do has been beneficial for people to accommodate their own behavior. It is best to let everyone do first up, in practice, constantly to sum up experience.
new financial: how to develop causativeable private lending?
Mao Yushi: I think we should introduce a law, surely the legitimacy of private lending. With their own money to do private lending is not regulated, but you use other people's money to make money need to monitor, private fund raising may be a problem.
New Finance: The private fund raising, you say how defined?
Mao Yushi: what you give me the money, I'll use your money to make money. This is assorted from private lending, private lending private lending is mainly with their own money. Private fund raising other people's money to make money with great risk. But this is complicated to draw clear boundaries.
New Financial: includes private lending for private finance,PULSERA NEGRA CON BANDERA, embodying the evolution of our country, What are your recommendations?
Mao Yushi: premier, to open up community banks, and now opened a small mouth, small loan companies, but that is not the financial industry, it is with their own money to make money, the financial industry is using other people's money to make money, you want to allow its digestion deposits, lending large sums of money.
New Financial: Your private finance for the future prospects for the development of optimistic almost this?
Mao Yushi: not optimistic, the Government has refused to discontinue for many monopolies, the financial industry is the most obvious instance, there is fuel, communications do not accessible allow private capital into it.