价格下降

Due to the decline in oil prices as well as the bulk of the decline in commodity prices, because the Sino-British trade by a lot of factors, such as China's labor cost, China's investment environment and the protection of intellectual property, affected by many factors, the Sino-British trade will be some changes.

由于石油价格的下降以及商品价格的下降，大量的，因为中英贸易的，如中国的劳动力成本，中国的投资环境和保护知识产权的影响等因素，很多行业因素，中英贸易会有一些变化。

Measure domestic bulk commodity prices Goldman Sachs commodity price index of China's absolute level and year-on-year rate of increase continues to decline, especially in the production of steel prices falling since the end of September had dropped by more than 30%, indicating that access to in October, the growth momentum remains weak fundamentals.

衡量国内大宗商品价格的高盛对中国商品的绝对水平，今年物价指数的按年增幅继续下降，特别是在钢材价格的生产，自9月底下降下降了更多的超过30％，这表明在10月访问，增长势头仍然薄弱基础。

4Based on a fact that the price formula of Asian options can be transformed into that of vanilla European option when the time to maturity is less than or equal to the length of average, we skillfully obtain the analytical price formula for the option on the minimum or the maximum of two geometric average prices and generalize it to obtain the price formula of several average prices for the first time. We also apply the method of [121], which approximates the arithmetic average by the geometric average, to the pricing of opitons on the minimum or the maximum of two arithmetic average prices to obtain Its approximated price formula. Numerical results show that the approximated price is relatively accurate when the riskless interest rate is large or the option is in the money and the volatility of two underlying assets are high and its accuracy is a little reduced but still good when the dividends are considered. However, it is hardly affected by the sampling number.

我们基于观察到的一个事实即当离到期时间小于或等于平均期间时亚洲期权的价格可变换成普通的欧式期权的价格，从而巧妙地得到了两个几何平均价格的最小或最大值期权价格的解析公式，通过简单地推广，首次得到了多个几何平均时的价格公式；将[121]用于算术平均亚洲期权的定价方法推广到两个算术平均价格的最小或最大值期权，从而得到它的渐进公式，数值结果表明：渐进价格的准确性在无风险利率较大或期权为实值且两标的资产的波动率较小时较好，抽样的个数对它没有影响，但考虑红利时它稍有下降但仍较好。

Then the author analyzes empirically China's terms of trade from 1981,and the causes of the change in the net barter terms of trade by means of regression analysis ,which can be quantitied.we get the results that China's net barter terms of trade had a declining trend while its income terms and factorial terms of trade had been improved,and the net barter terms of trade positively correlates with actual tariff rate,exchange rate and negatively correlates with GDP,besides,the factors which can not be quantitied such as pure price fighting,inappropiate tariff sytem,foreign-invested enterprises's tranfer pricing and region trade agreement also lead to the above trend of China's net barter terms of trade,and the change in China's net barter terms of trade had a neglect impact on international trade benefit.

得出中国价格贸易条件总体上存在下降趋势，收入、要素条件呈现改善的趋势；实际关税率、汇率与价格贸易条件存在正相关关系，GDP指数与其负相关。出口企业恶性价格竞争、不合理的关税体制、外资企业的转移定价、区域贸易集团是造成中国价格贸易条件下降的非量化因素。此外，本文分析了1981-2004年价格贸易条件变动导致的中国国际贸易利益变化，发现价格贸易条件变动对中国国际贸易利益产生了一定的负面影响。最后，本文在分析中国价格贸易条件变动环境的基础上，认为中国工业化阶段不高、贸易限制性政策实施空间的减小、&合成谬误&现象及知识经济时代的到来会在一定时期内对价格贸易条件变动不利。

The main causes of low inflation are the following: the reform of financial system, the appropriate monetary policy, the devel- opment of high and new technology, annexation and reconstruction of enter- prises, appreciation of U . S. dollars and the decreasing price of the import products ect..

低通胀产生的主要原因是财政制度的改革、适宜的货币政策、高新技术的发展、企业的兼并重组、美元的升值以及进口品的价格下降等。

If aggregate demand was sufficiently low relative to potential supply, deflation might grow worse, as economic slack led to more aggressive wage- and price-cutting.

如果总需求显著低于潜在的供给能力，通货紧缩可能会变得越来越厉害，因为经济萧条导致了进一步的工资和价格下降。

In my view, the only way to achieve the target is to use Chinese labor to bring car prices down to the Chinese wage level.

我认为，实现这一目标的唯一途径是使用中国的低成本劳动力，使得汽车价格下降到中国劳动力的工资能够承受的水平上。

However, in 2007, titanium sponge market prices began to drop, the company "prospectus" disclosure of the average annual price of titanium sponge 90.98 yuan/kg, down 44.90 percent over the previous year, while the sponge Titanium market prices also led to the company's operating results in 2007 a substantial decline in net profit in 2006 than the 69.4 percent year-on-year decline.

然而，在2007年，海绵钛市场价格开始下降，该公司&招股章程&披露的平均海绵钛九十点九八元公斤/年的价格，下降44.90个百分点上年，而海绵钛市场价格也导致该公司在2007年的经营业绩的百分之69.4，比去年同期下降，在2006年的纯利润大幅下降。

"The financial crisis of the last few months has amplified downward price movements, contributed to tighten credit markets, and introduced greater uncertainty about next year's prospects, so that many producers are adopting very conservative planting decisions," Calpe said.

&过去几个月来出现的金融危机促使价格下降，导致信贷市场紧缩，并给下一年的前景增添了更大的不确定性，因此，许多生产商正在采取非常保守的种植决定，&Calpe说。

Ahead of Ms Bhutto's death, both gold and oil had fallen to profit-taking, but both made rapid swings higher as events in Rawalpindi became known.

贝。布托的死亡，导致金矿和石油的价格下降，但这都提高了事件发生地拉瓦尔品第的知名度。

The basic concept of FOP can be summarized as to further optimize effective prescription according to the standard of curative effects and with the aid of modern science and technology and theories of traditional Chinese medicine.

其基本内涵可概括为：以确有疗效的中药复方为研究对象，以现代科学技术和传统中医药理论为技术支持，以该复方所治病证的药效响应为评价标准，以优化重组疗效更优的新复方为研究目的。

Ever since our world has been a world, native forests have been indiscriminately exploited by man.

自从我们的世界一直是世界原生森林被任意剥削人。