Why not go bankrupt Chinese city?

  In November 3rd this year America federal court ruled that: Detroit city is unable to repay debts American $18500000000, accord with "bankrupt conditions federal bankruptcy law" the ninth chapter, Detroit city should obtain bankruptcy protection.

   Detroit has been called the "America automobile city". Is the second largest city USA five Great Lakes after Chicago industrial. In general, Ford, Chrysler America big three auto companies headquartered in the automobile manufacturing industry, make the whole world prostrate oneself in worship! Once prosperous Detroit, the famous Fawkes theater, the nation's largest department store the Hudson and Detroit's "Fifth Avenue" Woodward. Once a thriving scene! However, this is a once prosperous city, but today "The family is in straitened circumstances.", "feel helpless flower falls to the ground broken"!

  USA City bankruptcy except for the society, the legal system of different (American law can be a city, a town as an independent corporate organization and is liable for the debts of the "federal bankruptcy law"; and China "bankruptcy law" provisions of bankruptcy law in all kinds of subjects, absolutely not suitable city)! And America city because of the strict implementation of the federal government budget, final accounts; respect for the law; respect the inviolability of private property may also become an important reason for bankruptcy!

  It is by no means the city China should go bankrupt. The author did some investigation: some city debt China serious; some investment project economic benefits produced, even pay the interest has become a problem; but the local government can put the debt ratio made good economic situation by the numbers ""! Maoni lies in: all governments in the implementation of pre, final issue very arbitrary; digital can change with the executive will; civil and economic organizations of property, the state of various resources may be the power of local government forced and liquidation; so there will be no "fails to pay off its due debts" statutory conditions of bankruptcy! The author in the Baidu input "in 2012 the city national land leasing accounts for the financial revenue percentage" query, the results shocked! Some city has more than 60%. That is to say, some city land sales revenue reached 6 in fiscal revenue more than. So the government spending have how old? It is the income of sale must make up budget overruns, and never less than super count! This is the reason why the blood down, forced, make outrageous. Hide the ugly, the sacrifice is the rule of law, and the people's livelihood Chinese support of candidates.

  In fact, the city into bankruptcy protection is a wise move, not what shame! Russian President Dmitry Putin said: Russia land of large, but not an inch of land is redundant. So, I say: the vast land of America, but not an inch of land is not the master. Detroit City Hall no blood removed, not take this opportunity to low-cost land grabs high profit products; Detroit City Hall not to transfer resources cash! But will be incorporated into the bankruptcy protection in Detroit city by the court; the court presided over the creation of "joint meeting" creditors reached an agreement with Detroit City, giving the debtor to alleviate the opportunity, this is the sign of governing ideas mature!

 

                                                                     December 5, 2013