主要市场

In order to meet the rapid development of Chinese economy and China's market for high-grade, high quality and low pricing of the increased demand for lubricants, we have the major economies in China's coastal cities of Shenzhen, Dalian has a company, the formation of the North-South mutual echoing the situation for the company's products can provide customers with good service and lay a solid foundation for economic reform and opening up to the forefront of Shenzhen as the main base for production and operation, and for the Chinese market, allows us enormous storage capacity, advanced laboratory equipment and an annual output of 10,000 tons on the production ability to maximize the effectiveness, through the advanced production facilities and strict quality management, to ensure that the production Afterburning Tatsu licensing of motor vehicles and industrial oil Chaoqun quality and can meet the most stringent, the most demanding application requirements.

为适应中国经济的飞速发展和中国市场对高档、质优，价低的润滑油的殷切需求，我们在中国沿海主要经济城市深圳、大连设有公司，形成南北相互呼应的局面，为公司产品能够为客户提供良好服务打下了坚实的基础，以经济改革开放的最前沿深圳为主要生产经营基地，而面向中国市场可以使我们巨大的仓储能力、先进的实验设备及年产上万吨的生产能力发挥最高效力，通过先进的生产设施与严谨的品质管理，确保了所生产的加力达牌汽车及工业用油品质超群，能满足最严格，最苛刻的使用要求。

Chapter two describes recent dry bulk shipping market, and then analyzes international dry bulk shipping market in depth from the angle of iron ore market supply and demand, discussing the factors that would have influence on market supply and demand.

首先从干散货航运市场的特征和要素出发介绍了国际干散货航运市场，介绍了干散货市场中的铁矿石市场的相关因素和现在主要的铁矿石供给需求地区，以及我国在今后一段时间内的铁矿石需求，并对今后数年的铁矿石需求走势进行了定性的分析。

When investors are in the treasury secondary market, they have to undertake two kinds of risks: the first one is yield risk, that is, return of investment is lower than inflation rate. This risk can be depicted as the deviation between the ROI and the inflation rate. Secondly, fluctuation risk in the treasury secondary market, that is, the uncertain fluctuation risk may be bullish or bearish in the treasury market.This risk can be depicted as the square deviation of the treasury price in the secondary market.

在国债现货二级市场上的投资者，要承担的风险主要有两种：第一种风险是收益率风险，也就是投资收益率可能低于通货膨胀率的风险，这种风险可以用与通货膨胀率相比较的差值的大小来描述；第二种风险是二级市场价格波动性风险，也就是市场价格上、下波动的不确定性风险，这种风险可以用二级市场价格的标准差来描述。

The main purpose of this article is to apply the newly developed Parity Bounds model and then compare it with Ravallion model in the market integration research of Taipei and Taichung aquaculture markets. We choose 11 types of fishes including Japanese sea perch, big head carp, milk fish, grass carp, common carp, curcian carp, white mouth croaker, Japanese butterfish, black pomfret, white pomfret, and gold threadfin.

本研究主要在应用新近发展的等值临界模型对台北、台中两地鱼市场中，都有进行交易之七星鲈、大头鲢、草鱼、虱目鱼、鲤鱼、鲫鱼、白口、肉鱼、黑鲳、白鲳、金线等十一种鱼种进行市场整合检定，并与另一种市场整合检定－Ravallion模型比较，希望藉此二种不同方法来了解台北、台中两地鱼市场间是否符合单一价格法则所隐含之市场整合的情形。

The strategy that Taiwan merchants value most is obtaining lower cost. Apart from that they have to think of their own manufacturing characteristics, taking otherfactors into their consideration, so as to show various development trends. The cither factors involved are:The fields where investment is concentrated are moving northward. So they should take market ranking positions and electricity providing, etc. into consideration; Taiwan investment of electronic and appliances manufacturing industry consider comprehensively of upper and lower enterprises, high efficiency and fine services of local government.

台商决策投资主要从考虑降低成本方面考虑，即选择劳动力和土地成本较低的地区进行投资，但除了考虑降低成本的因素以外，台商企业还根据自身产业的特点，综合考虑其他因素的影响：台商投资地区呈现北移的趋势，综合考虑内销市场合理占位、电力能源供应等方面的因素；台商电子电器制造业投资，综合考虑配合上下游企业、当地政府工作效率和服务水平等方面的因素；台商投资形态逐渐向大陆内销发展，综合考虑合理的市场布局，即选择良好的内销市场占位；台商企业投资建设研发中心，综合考虑研究机构成果和高级技术人才方面的因素，即利用当地高级人才；台商服务行业企业投资，综合考虑自身服务市场的走向，跟随服务对象的投资而决策投资。

Date the main front of the target market to foreign markets comprador, agents, import and export companies and the main target of foreign acts.

日锋的目标市场主要以国外市场的买办、代理公司、进出口公司及洋行为主要对象。

So in this paper, from the special point we select a lot of data and use the theoretical instrument of industry organization theory to study the between the insurance market structure and performance by demonstrational and the theoretical means.

所以，本文在收集大量数据的基础上，进一步研究了我国保险产业的市场结构与市场绩效间的关系，分析了市场结构对于市场绩效的影响以及当前影响我国保险产业绩效水平的主要因素。

The main contribution of this paper is to investigate the problems of IPO underpricing, overpricing and long-term underperformance systematically, with the consideration of development of issue system, short sales constraints, investor sentiment and heterogeneous belief, etc. We find, the main reason of high initial return in Chinese A-Share market is overpricing in secondary market, rather than underpricing in primary market, which is obviously different from mature capital market.

本文主要贡献在于结合A股市场&发行制度变迁&、&卖空限制&、&狂热投资者情绪&以及&异质信念&等因素，对A股IPO的一级市场抑价、二级市场溢价以及长期表现弱势进行系统研究，发现了造成中国新股高初始收益现象的根本原因在于二级市场中的&价格高估&，而不是一级市场的&价格低估&，这与成熟市场的IPO价值低估现象具有本质区别。

The design development of clothing famous brand with international popular trend for macroscopic background of, also is with expand a local market for main purpose, so the designer wants while developing famous brand Be understanding an international clothing market whole popular incline to of foundation up, need to be analyzed hard and study the concrete present condition of local clothing market, seek quasi- and international fad's melting between local clothing market and trend will order, being good at a choice, there is taking or rejecting ground to draw lessons from and make use of its related design main factor, make the design development of clothing famous brand is synchronous with international clothing and keep cultural special features and market of oneself to operate a mechanism namely.

服装名牌的设计开发是以国际流行趋势为宏观背景的，同时也是以拓展国内市场为主要目的的，因此设计师在开发名牌时要在了解国际服装市场整体流行趋向的基础上，需要认真分析和研究国内服装市场的具体现状，找准国际流行趋势与国内服装市场之间的融会点，善于有选择，有取舍地借鉴和运用其相关的设计要素，使服装名牌的设计开发即与国际服装同步又保持自身的文化特色和市场运作机制。

Heng Bo supplies seamless pipe, senior market analyst, said: At present the majority of iron inside the steel-making pig iron inventories not try for the impact of the demand by the steel mill, a lot of iron re-turn to the production of pig iron for steel-making, according to Iron Works to reflect , due to increased market demand for raw materials and coke prices up, market confidence has been restored, but the production of iron cast iron is still no intention to resume, the market demand will soar to a height of what the market is not expected to unity, on the current situation, the prudent operation of the steel-making pig iron is still the main way to run.

恒博物资的资深无缝管市场分析师表示：目前多数铁厂内炼钢生铁库存量不大，受钢厂需求拉升影响，很多铁厂再度转向对炼钢生铁的生产，据铁厂人士反映，由于市场需求加大和焦炭等原料价格的上行，市场信心有所恢复，但停产的铁厂暂时还没有恢复生铁的打算，市场需求会升到一个什么样的高度，市场预期并不统一，就目前的形势来看，谨慎操作依然是该炼钢生铁运行的主要方式。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。