陕西省翻译公司关键字：companies in the high growth period, as the central bank borrowings through indirect financing to expand its investment in equipment. After 1987, the stock and land prices lured have substantially transferred to the equity financing and the financing of land speculation. A lot of money flows to real estate, means the production of enterprises lack sufficient capital, or difficult to obtain a normal cost of production of the necessary funds.On the one hand, land prices lead to increased investment budget, high land prices in urban investment unprofitable. Such as Tokyo, Japan for road construction, land acquisition costs of up to 43.3% of the total cost of individual lots up to 99%. This further resulted in a relative reduction in public investment, to form a bottleneck for economic development; the other hand, urban land prices continue to rise, the land as the most secure people's minds, the highest-yielding assets by the amount retained, making the already scarce land mass idle or low-use, land speculation tendencies become more apparent. Also, because real estate prices, real estate holders and holders of non-real estate, where a large metropolitan area with a growing gap between the assets of circle, invite unfair social distribution of new, seriously dampen the enthusiasm of workers, brought profound social problems.
3.2 lead to financial crisisClose relationship with the bank's real estate is mainly a large real estate investment, high-value characteristics of the decision. Some data indicate that the current real estate development enterprises invested in the project about 20% to 30% of bank loans; construction companies tend to advance the total project investment of 30% to 40% of the funds, which are mostly part of the funds to the bank loans. In addition, at least half of home buyers apply for a personal housing mortgage loans. This number of cumulative, real estate project financing from banks up to 61%. Therefore, once the real estate bubble burst, banks were the largest pay. It should be noted: the different banks and businesses in general, security, it is particularly important. General productive enterprises is related to the collapse of its own and shareholders, less impact on other subjects. The bank's collapse not only of the bank's own thing, and often will cause a chain reaction, so runs the risk of other banks are also facing.3.3 resulting in the production and consumption crisis