内生现象 meaning in Chinese

endobiosis

As a kind of endogenic phenomenon of progressive reform , the reasons of financial dilemma lie in financial preference of nationalization and soft budget restriction of state - owned enterprises , asymmetric information and the rate which is not decided by market transaction , and the actual ownership - discrimination of stock market and bond market
作为渐进改革的一种内生现象，民营经济的金融困境源于“国有化”金融偏好与国有企业预算软约束，信息不对称与利率非市场化，以及股票市场与债券市场事实上的“所有制”歧视。