ABSTRACT
The main driving force for China's economic development since the start of the structural reforms era and the opening up to the outside world has been the strength of entrepreneurship built in China's private economy. Some production and business fields have been gradually opening up to the individual owners and private entrepreneurs, and thus the tremendous development of the private economy has been attained. To promote the reform of mixed ownership and the development of a mixed ownership economy, and the development of private economy and the reform of the state-owned economy, China has to break the monopoly, and release the market access to private enterprises. Only through the launch of such a reform by Chinese government, could the productivity of Chinese whole society be stimulated. Chinese non-performing loans are not caused purely by the banking system itself, but are the problem of the Chinese financial system.
