Speculation is the product of the planned economy era, which mainly means that some people rely on their power to get cheap and tight products through planning or through the back door, then hoard them, resell them, change hands through rings, increase prices layer by layer, and finally sell them to end users or consumers at higher prices, making people rich. On June 5, 2008+10/October 5, 2008, the cancellation of the Provisional Regulations on Administrative Punishment for Speculation marked the official curtain call for speculation.

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meaning

Speculative pinyin: tó u j and d m: o b m:.

Explanation: refers to the act of using hoarding, short selling, adulteration, price manipulation and other opportunities to disrupt the market and make huge profits. The crime of speculation refers to a serious act that violates the laws and regulations on finance, foreign exchange, gold and silver, materials and industrial and commercial management, illegally engages in industrial and commercial activities, disrupts the national financial and market management, and undermines the socialist economic order. Generally speaking, someone buys at a low price in place A and sells at a high price in place B. This is speculation.

Riddles: guessing (typing 1) Answer: Pheasant.

history

1987 September 17, the State Council, China promulgated the Provisional Regulations on Administrative Punishment for Speculation (hereinafter referred to as the Provisional Regulations). At that time, China's economic system reform was "crossing the river by feeling the stones". A large number of "profiteers" have appeared in the society under the dual effects of shortage economy and price dual-track system. They have the power in their hands, get cheap and tight products through planning or entering through the back door, then hoard them, resell them, resell them through rings, and increase prices layer by layer. Finally, it is sold to end users or consumers at a higher price, and by taking the opportunity of reform, the country's gold is dug up and people's wealth is created.

play the market

After the establishment of the socialist market economic system, the so-called speculation has been clearly divided, some have become normal market behaviors, and some have risen to legal norms.