链潮4将置多大号 高级商务英语阅读 with,they often spend large sums of money feting Party leaders at lavish dinners and even take on excess workers who have ties to the Party.Worse,many small businesspeople are unable to obtain loans from banks when they're in direct competition with larger companies that are still linked to the state and,by extension,to the Communist Party.Jun Zhao,the Beijing representative for ChinaVest,a venture capital firm focusing on China,says Chinese entrepreneurs turn to VCs precisely because it is so hard for them to get a loan. Chinese entrepreneurs also don't have any semblance of a legal system to support them.One lawyer who worked in Shanghai for nearly two decades says that,despite laws passed in recent years designed to modernize the judiciary,most cases are still adjudicated in back rooms by Party leaders."One case I had,there was a three-judge panel that was supposed to decide it.One of the judges read the newspaper throughout the case and never even looked at the lawyers during the trial,"he says."Later I found out that those judges merely wrote up a summary of the case,gave it to a Party official,and the official made the decision." Meanwhile,in the past three months,a series of successful Chinese entrepreneurs,from agriculture businessman Sun Dawu to flower magnate Yang Bin,have been arrested by the police, often for crimes that the government hasn't clearly defined.Some Chinese businesspeople say that the entrepreneurs were arrested merely because they challenged established businesses with Party links."Yang Bin didn't do anything that other businesspeople don't do,"says one Chinese academic familiar with his case. Partly because of the lack of a functioning legal system,intellectual property piracy continues to be an enormous problem for Chinese entrepreneurs.Though the Beijing government has pledged to crack down on piracy,copies of the latest Hollywood movies,Microsoft software and hottest video games are widely available in Shanghai street markets. And even those Chinese entrepreneurs who do successfully wade through the red tape,prevent their goods from being pirated,avoid being arrested,handle infrastructure problems,cater to Party officials and get funding still may not match U.S.competitors.Indeed,several experts on Chinese business say China still doesn't have many business leaders who understand how to run and 第5页共7页高级商务英语阅读 with, they often spend large sums of money feting Party leaders at lavish dinners and even take on excess workers who have ties to the Party. Worse, many small businesspeople are unable to obtain loans from banks when they're in direct competition with larger companies that are still linked to the state and, by extension, to the Communist Party. Jun Zhao, the Beijing representative for ChinaVest, a venture capital firm focusing on China, says Chinese entrepreneurs turn to VCs precisely because it is so hard for them to get a loan. Chinese entrepreneurs also don't have any semblance of a legal system to support them. One lawyer who worked in Shanghai for nearly two decades says that, despite laws passed in recent years designed to modernize the judiciary, most cases are still adjudicated in back rooms by Party leaders. "One case I had, there was a three-judge panel that was supposed to decide it. One of the judges read the newspaper throughout the case and never even looked at the lawyers during the trial," he says. "Later I found out that those judges merely wrote up a summary of the case, gave it to a Party official, and the official made the decision." Meanwhile, in the past three months, a series of successful Chinese entrepreneurs, from agriculture businessman Sun Dawu to flower magnate Yang Bin, have been arrested by the police, often for crimes that the government hasn't clearly defined. Some Chinese businesspeople say that the entrepreneurs were arrested merely because they challenged established businesses with Party links. "Yang Bin didn't do anything that other businesspeople don't do," says one Chinese academic familiar with his case. Partly because of the lack of a functioning legal system, intellectual property piracy continues to be an enormous problem for Chinese entrepreneurs. Though the Beijing government has pledged to crack down on piracy, copies of the latest Hollywood movies, Microsoft software and hottest video games are widely available in Shanghai street markets. And even those Chinese entrepreneurs who do successfully wade through the red tape, prevent their goods from being pirated, avoid being arrested, handle infrastructure problems, cater to Party officials and get funding still may not match U.S. competitors. Indeed, several experts on Chinese business say China still doesn't have many business leaders who understand how to run and 第 5 页 共 7 页