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景德镇翻译公司关键字：thereby reducing the cost of reform, the market process smoothly.We can image that the "dual track" pattern of interest is the coexistence of old and new way, because one of the main features of two-track system, is to respect the old system, the various interest groups formed under the status quo, and "merger" is the right to force the government the results. We note that the "dual track" is a basic logical structure of the new system allows the spontaneous type arrangement in the interests of the old pattern of not constitute essential premise of the impact of lawful access to benefits outside the system. Therefore, the "dual system" has long been considered China's reform model for success, it is more successful solution to the old system of fierce rejection of the new system may result in failure of the reform and the problems. However, in the "dual system", the new system and can not be completely divorced from the old system run independently, it is bound to happen with the old system, a variety of transactions, but the old system will not effectively support the new system, which reduces run the new system of efficiency. One of the most typical example, a single Chinese state-owned banking sector tend to put major state-owned economy, rather than state-owned economy (especially the private economy) without the development of strong support of state-owned banking system, private financing has not been in the legal recognized in the case of non-state economic development funds are very limited (Yan Wei, 1998), thereby reducing its effectiveness. More importantly, the "dual system" of existence, resulting in a large number of the powers available chase people or groups of "rent", resulting in a rent-seeking behavior, rampant corruption, which to some extent, caused the public to the new dissatisfaction with the system, increases the resistance to reform, social support reduced; the other hand, it is these "dual system" to get under a lot of "rent" the authority or group of people constitutes a non-equilibrium state of vested interests, their advance of the existence of institutional change constitutes a great resistance from the power level. At this point, market forces have not simply confront with. Reform-minded and enthusiastic and full of the highest policy-making group, or even an individual visionary politicians, faced with "dual system" in operation exposed the many problems, the use of legitimate political power to provide the mandatory means, to modify the way of a decree or a "merger." We note that, although even such a government-led institutional change in the specific implementation process also encountered various obstacles, mainly from the resistance of vested interests, but the government measures and balance the interests of its authority, or the cost of greatly reduced. At the same time although the "merger" has also brought economic and social "labor pains", such as the 1988 inflation is because the price "merger" of the so-called "price break through the barrier" caused, but after all, "the merger" after some of the more "market" The rules can be more easily worked out, that every "merger" are made to further improve the market.
Fourth, the government-led institutional barriers to changeWe believe that although China has chosen the path of gradual reform requires a certain degree of government-led model of institutional change, but in theory and practice problems can also be self-evident.
First, the mandatory government from its legitimate authority. Because of asymmetric information, authoritative information is relatively complete information about the relative lack of party for the party to provide information directly or by virtue of their informational advantage to provide programs of recognized or obedience. The information asymmetry depends on information search costs and differences in perception of information. From the information search costs, even the highest government and even prominent political leaders, it does not get what they want without cost to the authority, they must find and master the lot is not a popular message. We believe that the search for
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