Foreign media: The "Opium War" of the Chinese economy

Abstract CNBC published a commentary on "China is struggling with "addiction"", saying that to understand why investors are panicking about China's financial sector, China can be compared to an addict. The commentary said that the Chinese government is worried about the economy...
CNBC's commentary on "China is struggling with "addiction"" said that to understand why investors are panicking about China's financial sector, China can be compared to a drug addict.

The commentary said that the Chinese government is worried about the slow economic development and liberalization of credit gates, enabling mainstream companies and local governments to borrow large amounts of cash. These state-owned enterprises and governments are burdened with large amounts of debt to build high-rise buildings and railways. This has helped advance China's growth and promote global economic development. Now these participants and banks have found that the road to low-cost cash has been cut off, just as the addicts repaired before quitting, they will undergo a contraction process.

The People's Bank of China intervened in the event of a cash shortage, but the central bank has recently been surprised that the central bank has contracted to ease the cash flow in its short-term funds. However, banks have also experienced the pain of the credit crisis. Banks borrowed at higher interest rates, and interest rates in the money market rose to a new record yesterday, more than 10%. Bankers flocked elsewhere to find the next growth point.

Many of the supervision of the People's Bank of China is a test of the state's fiscal system, or it is desirable to regulate borrowers who bear additional risks. Another possibility is that with the support of China's new leadership, the central bank is changing the nature of banks, curbing rising debts and reducing waste.

The commentary suggests that this may be the starting point for reform. However, the problem is that if policy makers only realize that the danger of debt flooding cannot alleviate the bank’s misdeeds, it may face unpredictable and equally dangerous for this debt-dependent economy. result.

Other Parts

The structure of the core barrel is generally divided into single - acting double core tube and most of the fishing apparatus. The double tube section consists of an outer tube assembly and an inner tube assembly. The outer pipe assembly includes; The main structure and working principle of the cartridge stopper, cartridge chamber, stable joint outer pipe, diamond reamer and diamond bit are as follows:

(1) Spear structure is composed of spear head and recovery spring. When coring, the fishing device is lowered to the upper part of the inner tube assembly in the drill pipe, and the fishing hook grasps the fishing spear, lifts the fishing device up, picks up the recycling card barrel, and inwardly compressing the cartridge card, so that the inner tube assembly and the outer tube are separated, so that the inner tube assembly is lifted up.

(2) The clip structure is mainly composed of the clip frame, clip, spring and other components. Its function is that when the inner tube sits on the outer tube, the clip expands with the help of the elastic force of the expansion spring and sticks to the inner wall of the clip chamber, so that the drilling tool can achieve positioning.

(3) Buffer structure by spring, locking mother, split pin composition. Protecting the inner tube when pulling the core.

(4) Single action structure is realized by two pairs of thrust bearings.

(5) Adjust the length of the inner pipe assembly and the outer pipe assembly of the structure, and fine-tune the lower shaft and the locking mother to achieve the gap required by the end of the spring seat and the step inside the drill bit.

(6) The fishing structure, also known as the fishing device, is mainly composed of fishing hook, hammer and safety rope. The fishing hook is used to hold the spearhead while fishing the inner pipe, and the weight is used to speed up the fishing device's descent to save fishing time. The safety rope is a thin rope. When the inner pipe is stuck for some reason and cannot be lifted, the safety rope can be forcefully lifted and then the drill can be lifted.

Other Parts,Spearhead Base,Compression Spin,Core Lifter

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