查询词典 black market

And thus I provide the evidence to undermine the commonly held opinion that China's public companies improved their performance by increasing financial leverage ratio. Seventhly, the international comparison reveals that the development of capital market has direct influence on the industry performance and the capital markets of developed countries are more effective than those of developing ones. Whether the finance system is bank-dominated or capital-market-dominated means little to the effectiveness of capital market and also the industry productivity. Eighthly, capital market, bank and FDI differ markedly in the mechanism of financing selection, supervisory effectiveness and industry characteristics. Averagely, capital market is the most appropriate mechanism among the three out-sourcing financing, considering the supervisory cost and effectiveness comprehensively. Certainly, some flaws remain in this study.

因此，我们认为，中国各产业上市公司产业绩效的提高不是通过提高财务杠杆比例来实现的；第七，基于资本市场自身的国际比较研究表明，资本市场发展程度直接影响其对产业绩效的改善和促进程度，成熟市场的资本配置效率显著高于新兴市场，而金融体系以银行为主导还是以资本市场为主导，并不影响资本市场功能的有效发挥，也不对产业绩效的影响产生效率上的差异，仅仅表现为在多大规模或范围内对产业绩效产生影响；第八，基于资本市场、银行贷款及外商投资3种外源融资方式对产业绩效影响的比较研究，三种方式在融资选择机制、监督力以及所影响的产业特征方面均存在显著差异，三者对不同产业绩效的影响呈现互补作用，而资本市场是监督成本与效力结合较好的融资方式。

Crown penannular jade ring entrusts lawyer Li Changqing to think, at present Baidu has exceeded 50% far in market share of home, the capacity that its market controls a position already establish, to a few websites ban, it is the behavior that abuses the market to control a position, suggest to execute the law the search technology regulation that the orgnaization uses to Baidu and search process undertake investigating; Establish search technology standard and standard of search market service, aggrandizement leaves the government that props up a service to the search; Instruct Baidu to stop its to abuse the market to control a position to ban the illegal behavior of other website, be in in order to fine.

王冠珏委托律师李长青认为，目前百度在国内的市场份额已经远远超过50%，其市场支配地位的身份已经确立，对一些网站的封杀，是滥用市场支配地位的行为，并建议执法机构对百度使用的搜索技术规则和搜索过程进行调查；制定搜索技术规范和搜索市场服务规范，强化对搜索引擎服务的管理；责令百度停止其滥用市场支配地位封杀其他网站的违法行为，并处以罚款。

The research results show that the organization mode for provincially decoupled regional electricity market is favorable to decrease the complexity of market frame and the market fairness can be well incarnated, therefore the presented market frame is advantageous to the smooth transition from the present situation in China to regional uniform electricity market.

研究表明，省间解耦的区域市场组织模式有利于降低市场组织的复杂程度，更能体现公平性，有利于从我国目前的现状向区域统一市场的平稳过渡。

Under the industrialization and market of water supply enterprise, it uses the tool of SFOT strategy analysis by the development of theory and policy of water supply. It puts up with market competition strategy of Shangrao water supply enterprise by strategetic analysis and matching. That is to say, by market penetration, market development and product development to make water supply enterprise grow densely. it will improve the assistance of the development of water supply by analysis of resources of strategy and combination of market.

在推进水业产业化和市场化的背景下，根据供水发展战略的理论与政策，运用SWOT战略分析工具，通过细致的战略分析与战略匹配，提出了上饶市自来水公司的市场竞争战略：即通过市场渗透、市场开发和产品开发策略使供水主业实现密集性成长；通过对企业战略资源的分析，结合市场情况，将大力推进供水辅业的快速、健康发展。

In market aspect,MNEs have rigidity of market crowding out,can possess market rapidly and potentially,build the bulwark of market entering,while it also has absolute advantage of brands. At the same time,they also develop a pattern of value chain of vertical specialization,by which,Chinas enterprises may have a chance to get into MNEs global value chain and acquire market room. In industry aspect,while MNEs control the industry by stock property and the advantage of brands,they provide a chance of industrial transfer and industrial linkages. Chinas enterprises could strengthen industrial linkages and achieve industrial drive by technology innovation and agglomeration effect. In technology aspect,because of the nature of MNEs technology monopoly,Chinas enterprises must face the dilemma of technology dependence,technology unadaptability and technology trap. But MNEs may also transfer technology to Chinas enterprises by competition effect,demonstration effect and cooperation effect. Moreover,Chinas enterprises could make use of MNEs investment of "oligopolistic reaction"in China to accelerate technology transfer.

在市场层面，跨国公司对中国企业具有市场挤出的刚性，市场占有速度快、潜力大，构筑市场进入壁垒，具有绝对品牌优势，但也在中国形成垂直专业化分工的价值链模式，中国企业获得链入跨国公司全球价值链，获取自身市场空间的机会；在产业层面，跨国公司借助股权安排和品牌优势实施产业控制，但也提供了产业梯度转移和产业关联的契机，中国企业可以通过技术创新和聚集效应，增强产业关联，实现产业带动；在技术层面，跨国公司出于技术垄断本性，使中国企业面临技术依赖、技术非适应性甚至技术陷阱的困境，但也通过竞争效应、示范效应、合作效应对中国企业进行技术转移，中国企业还可以利用跨国公司在华&寡占反应&投资，加速技术转移。

However, it also should be noted that the National Day is approaching, Weiwen policy enjoys popular support, coupled with early ahead of the market to adjust the financial, real estate and other broad market rate of blue-chip rally behind the current round of small and medium market segment and the broad market, to some extent limits the broader market down the possibility of adjustments.

不过同时应该注意到，国庆临近，维稳政策深入人心，加之前期先于市场调整的金融、地产等大盘蓝筹此轮反弹幅度落后于中小市值板块和大盘，一定程度上也限制了大盘向下调整的可能性。

Furniture and home appliance market, building material and decoration market, agricultural and food market, chinaware, plant and bird market, hi-tech market etc., these professional and specialty markets of different kinds and scales are located all over the city to embrace all walks of life in Hangzhou.

家私家电市场、建材装饰市场、农贸粮油市场、瓷器花鸟市场、高新科技市场……在杭州，这些不同种类、不等规模的专业市场比比皆是，囊括了城市生活的各个方面，共同架构出一张宠大而精细的商业网络。

The Analysis of the Size of the Bond Market: According to the experience of foreign bond market development, bond market is a critical source of capital for economic development, and globalization is the inevitable tendency for bond market development, and debt risk must be taken care of when the size of the bond market is expanding.

关于债券市场总量问题。从国外债券市场发展经验来看，债券市场是经济发展中的重要资金来源渠道，国际化是债券市场发展的必然趋势，在发展债券市场的同时应该谨防债务风险。

It enables separated by the capital market and currency market, the government bond market has been divided between the channels, will promote capital market and currency market common and coordinated development.

它使被割裂开来的资本市场和货币市场、分割的国债市场有了连接的渠道，将促进资本市场和货币市场的共同、协调发展。

The euromarket, which is defined as a market where financial instruments traded are denominated in currencies other than the currency of the country where the market is located.it is, in the true sense, an external financial market.the important distinction between the external financial market and the domestic financial market lies in that eurocurrecy banking is not subject to domistic banking regulations.

欧洲市场，就是在该市场上交易的金融工具都是用欧洲货币来标价而不是用市场所在地国家的货币来标价。欧洲市场是真正意义上的境外金融市场。境外金融市场和国内金融市场的重要区别是欧洲货币银行业务不受国内银行规章制度的管辖。

More direct, directer ; most direct, directest

径直的，笔直的

Do you know how to use a chain saw?

你知道如何使用链锯吗？