Ÿֿ̹ ġ ڷ ˷ Ż īڽ 7 ڽ Ȩ ڵ鿡 ߱ Ϻ ֱ Ȳ ظ ϴ. ߱ Ϻ īڽ ö м ü ִµ. ̿ ڿ Ʒ Ұմϴ. < >
Ϻ : Ȳ - ݸô
ڵ Ͼ ⸦ ηѴ. 迡 ° Ը ū Ϻ ģ, Ȯ ä ϰ ִ. 20 ξ翡 ݸ å Ϻ Ǿ, Ѹ ֱ ù ȸ ߾ Ȳ ̻ ϱ ٰ . Ϻ ݸ ÷ Ѵٴ ܿ ٸ , ̴ ɰ ʷ ִ.
90 , Ϻ ε ֽĽ ǰ ر Ȳ ˿ 鼭 ۵Ǿ. 20Ⱓ, , å 츮 å̶ ̸Ͽ δ ̰, ÷ ǿ Ǯ. ó Ϻ GDP ä 200% ϸ ̴ ̱ 2躸 ٺ ̾ 迡 ° ̴.
ä ϴ ̸ ϱ Ը Ȯ ʿϴ. 2 ο ¿ȴ. : 꼺 α . Ϻ 꼺 ִ ص, α .
Ϻ 迡 ȭ ϳ̴ - 4 1 65 ̴̻ - α پ ִ. Ϻ 迡 ϳ 1.2 ġ ִ. α ϱ , 2.1 Ǿ Ѵ. ( Ҽ Ʊ⸦ ִ ڵ鸸 ̴.)
Ϻ ä ɰ ΰ 20 Ծ ڸ μ Դ. ä 90 6% 2009 1.4% , ȭϱ ߴ. , Ϻ ä 90% ̻ Ǵ ȭǾ. 90 10% ߹̾ Ϻ , ó 0 ϰ ְ ̷ (-) ̴.
Ϻ ΰ ݸ ̶ ϰ ִµ, ̴ ƴ ̴. 䰡 鼭, δ ؿ - ݸ ξ - ä ؾ߸ Ѵ. ͷ 1.3% Ϻ 10 ä 3.5% ̱ä 3% ϱä ִ ɼ ̴. Ϻ ̱̳ Ͽ ϱ ݸ ؾ߸ ̴. ִ ص, ̱ ä Ϻ ξ , α 鿡 ִ.
ʿ ٰ ݰ Ҵ ݸ Բ Ϻ ξ ϰ Ļ꿡 ̸ ̴. ϰ ̿ Ը - IMF ޱ ߴ - ʹ , Ϻ ޱ ʹ Ը ũ. ä ϴ , Ư κ äڰ , ġ Ұϴ. ȭ ϱ ܵ ȭ Ϻδ ȭ ϰ ִ. , ̴. Ⱓ ̾ ÷̼ ÷̼ ٲ ̰ ̴ Ϻε ŷ ϰ ϰ, ȭ ر ̴.
Ϻ Ȯ Ͱ ٸ ̴. Ϻ ̱ ä 2° ̰, ̸ ȱ Ȯϴ. ȭŰ , Ϻ ̱ ڵ ǰ ƴ϶ ä ȱ ̶ ̴. Ϻ ÷̼ ϸ鼭, ۷ι ݸ ǽ ̴.
ǰ ñ⸦ ϴ - Ϻ û ä ǰ ִ - ſ ƴ. ǰ ո ӵǴ ִ. Ϻ ä Կ , ñ ǰ ر ̴.
Ϻ ʴ ο ٴ ش. ̱ ٸ 鿡Դ ο ߰, ٿ Ѵٴ ġδ , ִ.
http://www.scribd.com/doc/34472806/Presentation-China-Japan-QVG-for-Value-Investing-Seminar-by-Vitaliy-Katsenelson ø 27page Ż īڽ Ϻ presentation ߴ ppt ڷḦ ֽϴ.
Who is Ż īڽ: Ż īڽ 1994 迡 ڸŴ, ۰, ̴. ״ ڿ κƮƮ ҽÿ Ʈ Ʈ Ŵ ݵ м ڻ ϰ ִ. ݷζ б 濵п ϸ鼭 ü ռ Ȱ ġ մ. ڴ <Ÿֿ̹ ġ : ġ> ø ⺻ ߴ ġ ż ֱ Ȳ ° ڹ ְ ִ. å ״ "ο ̾ "̶ Ͼ Ÿ ݿ ö.
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