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In conclusion, by the agency of analysis about the social welfare effects and incentives in firm's horizontal merger under open economy, the paper catches sight of the relationship between the international economic integration and the firm's horizontal merger, and the impact that international trade policy imposed on industry organization structure.

总之，本文通过对开放经济下企业横向兼并的福利影响与兼并动机的系统研究，揭示了全球经济一体化与企业兼并的密切联系，以及国际贸易政策对产业结构的影响。

Since the reform and opening-up to the outside, its economy and social work havedeveloped rapidly. Its comprehensive science and technology capacity ranks the 3rd nationwide. Its application technology on aviation, machine, electron, instrument, optics, spin, and electric equipments ranks the first class of China. Xi'an is not only an important center of electric transmission and transformation equipment manufacturing, spin industry, airplane manufacturing and horologe industry, but also a significant center of finance, trade, culture, education, and tourism.

改革开放以来，西安的经济建设和社会事业得到了快速发展，西安的科技综合实力位居全国第三位，其航空、机械、电子、仪表、光学、纺织、电力设备等应用技术居全国前列，是中国重要的成套输变电设备制造业、纺织工业、飞机制造工业和钟表工业基地之一，又是国家主要的金融、贸易、文化、教育和旅游中心之一。

The third chapter emphasizes on the issue of tea and horse trade.

第三章着重分析了明代河州的茶马问题。

So that attend a meeting once, a speech that comes from personage of website of business affairs of Nanjing some electron also allows a surname of my heart be suspicious, then, the true bogus of friend test and verify that the connection on the horse makes international trade in Nanjing, making what my expect is less than is, this does not have the business affairs website of breath soundlessly in common consumer, be in actually industry public praise is very good.

以至于有一次开会，一位来自南京某电子商务网站人士的演讲也让我心生疑窦，于是，马上联系在南京做国际贸易的朋友验证真伪，令我意想不到的是，这家在平常消费者中无声无息的商务网站，竟然在业界口碑甚好。

On top of clogging Reykjavik's quaint roads, demand for the hulking vehicles has congested international trade.

除了雷克雅未克常常堵塞的精巧公路之外，对笨重的车辆的需求为国际贸易注入了活力。

And also be used disposal printing ink advance solidify for print and a wind of printing trade wrinkle, ice flower, reflect light and so on.

也用于印刷及丝印行业皱纹、冰花、折光等油墨的预固化处理。

In the economic sphere, illiberalism usually has to disguise itself through governments trying to adapt it , stressing "capitalism with Chinese characteristics","stakeholder capitalism","fair trade" and so on.

在经济领域，非自由主义通常打着政府试图对全球化进行改造的幌子，强调"中国特色的资本主义"，"混合所有制"，"公平贸易"等等。

In the economic sphere, illiberalism usually has to disguise itself through governments trying to adapt it, stressing "capitalism with Chinese characteristics","stakeholder capitalism","fair trade" and so on.

在经济领域，反自由主义不得不通过政府正在努力适应全球化来伪装自己，强调是"中国特色"的资本主义，"利益相关资本主义"，"公平贸易"等等。

But few places openly oppose it. In the economic sphere, illiberalism usually has to disguise itself through governments trying to adapt it, stressing "capitalism with Chinese characteristics","stakeholder capitalism","fair trade" and so on.

在经济全球化的进程中，政府为了适应时代需要，经常将反自由主义的本质伪装起来，强调"中国特色的资本主义"，"利益攸关的资本主义"，"公平贸易"等等。

Most of this illicit trade is carried on with all the efficiency of any multinational company.

很多的走私贸易通过多国公司的作用发生的。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。