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With the world's economic development, the World Tin market surging and unpredictable, Yunnan Tin in the fierce international competition in the healthy and stable development, development of the industry in line with its own characteristics international development strategies, use of domestic and foreign resources, optimize the allocation of resources and explore international markets, the economic growth of Yunnan, Yunnan Tin and the sustainable and healthy development.

随着世界经济的发展，世界锡业市场风起云涌，变幻莫测，云南锡业在激烈的国际竞争中健康稳定的发展，制定符合自身特点的产业国际化发展战略，利用国内外资源，优化资源配置，开拓国际市场等，对云南经济增长和云南锡业的可持续健康发展至关重要。

The formulation and implementation of state industrial technology policies must be adapted to this profound change so as to realize rational allocation of the international and domestic markets and resources and to coordinate the relationship between market orientation and government direction to make them complement and promote each other and create a favorable market environment.

制定和实施国家产业技术政策，必须适应这种深刻变化，在经济全球化条件下实现国际与国内两个市场、两种资源的合理配置，处理好市场导向与政府引导的关系，使之相互补充、相互促进，营造出良好的市场环境。

As the world's second largest economy, Japan's recovery is expected to bring new dynamics to, and to drive the continuously steady growth of the global economy. At the same time, however, it adds great pressure to US dollar's depreciation, and influences on the allocation of portfolio in global financial markets.

作为世界第二大经济体，日本经济复苏为全球经济注入了新的活力，有望带动全球经济继续稳步增长；但与此同时，将对美元汇率形成巨大压力，进而影响全球金融市场的资产组合配置。

The result could be a complicated market, confusion of market actors, leading to the inappropriate allocation of Capital markets to the entire retailing.

如果一个新的购物中心分类不实用或不能转化为市场知识，其结果可能是使市场复杂化，混淆了市场的参与者，导致资本市场对整个零售业的不适当的配置。

Fundamental points: Rising asset management companies will have a direct holding, and explicitly said they would use the resource allocation function of capital markets to promote the company's electronic information industry Rising sustainable development in the next 12 months plans into high-quality assets, to improve the profitability of listed companies.

基本面看点：广晟资产经营公司将直接控股，并明确表示将利用资本市场的资源配置功能，推动广晟公司电子信息产业的可持续发展，在未来12个月内将计划注入优质资产，提高上市公司的盈利能力。

Through the studies of the competition motivation, development effect and benefit allocation structure of current international service markets, the dissertation reveals the impact of the competition of the service industries on 21st century world economy, especially on the developing economies.

通过对当代国际服务市场竞争格局、服务竞争力及利益分配的分析，揭示服务竞争对对21世纪世界经济特别是对发展中国家经济发展的影响。

The headquarters of conglomerates using of tunneling of internal capital market seize and plunder resources of listed companies because of the Government's restrictions on market allocation, low liquidity of capital markets, and the problem of "adverse selection" causing by serious information asymmetry and so on.

因为政府对市场配置限制，资本市场低流动性以及严重的信息不对称导致的"逆向选择"等问题使得许多的集团公司总部利用内部资本市场利益输出行为侵占、掠夺上市公司资源。

Sixth, to make an overall plan on the allocation of regional markets, complete the building of regional markets of capital, labourer, technology, productive materials and agricultural products, and realize the markets connection.

六是统筹规划区域内重大市场布局，建设区域性资本、劳动力、技术、生产资料、农产品流通市场，逐步融入长三角统一开放的市场体系，加快市场对接。

Empirical evidence on the relationship between "tunneling" and earnings management suggests that,"tunneling" would decrease the transparency of the whole economy, and then decrease the capital allocation efficiency of capital markets, finally delay the economic growth. Under the conditions that investor protection is very poor and ownership is concentrated, listed companies in Chinese stock market are always agencies of controllers to get private benefits at the expense of minority shareholders.

正出于此，本论文以我国股票市场特殊的制度背景为出发点，在参考Bebchuk（1999）模型的基础上，发展了一个理论模型来证明，在投资者保护薄弱和所有权集中的制度背景下，控股股东具有充分动机来侵占少数股东利益获取控制权私利。

Too often the allocation of profits and investments was unclear, leading to endless squabbling.

利润和投资的分配经常是一笔糊涂账，争吵没完没了。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。