有资本

The first step, reduce the fictitious economy systematic risk of our country, analyze and prove from three respects concretely that the basic relation of fictitious economy and real economy, the system of fictitious economy, market mechanism: The main argument of basic relation of fictitious economy and real economy have:(1) Structural adjustment and optimization of real economy (2) Pay close attention to the balance of fictitious assets and physical assets of macro econo

虚拟经济体系方面的主要论点有：（1）完善虚拟经济体系的管理体制：建立健全虚拟经济法律法规体系，实现"依法治业"；建立健全虚拟经济监管职能体系；增强虚拟经济运行信息的透明度；（2）提高虚拟经济体系中虚拟资产的风险管理水平。市场因素方面来说，主要是：（1）实行灵活的汇率政策；（2）加强资本流动管理；（3）积极推进虚拟经济监管国际合作第二步，建立我国虚拟经济系统风险化解机制。在采取有效措施降低我国虚拟经济系统风险的基础上，还需要警惕来自市场方面虚拟经济风险冲击。我以为，对此有以下三种化解办法：（1）市场机制的基础调节；（2）法律和政策约束；（3）强行临时管制。论文创新点：建立了一个我国虚拟经济系统风险预警度量模型，并运用这个模型对我国虚拟经济风险的现状进行了评估。

In this case ,the bonds were not necessarily representative of any real assets, but the Government's promise to pay interest and eventually repay the capital sum involved were backed by taxable capacity of the whole community, and , measured by the total amount of money which changes hands, the value of transactions in "gilt-edged" stocks now exceeds all the rest put together.

在这种情况下，公债不一定是任何实物资产的代表，但政府对支付利息并最终返还相关资本总额的承诺的背后有一个政治团体在支持，他们有相应的付税能力。并且，由转换所有权的资金总额决定的上等股票的交易价值现在比其它股票的加起来的总额还多。

Compare the like products; Goldbug turner has the unique advantage in the price and performance; which can reduce the cost of our national organic fertilizer factory and produce more environmental and good-quality fertilizer, the organic fertilizer factory has the capital to exploit further market as well.

金甲虫翻抛机与同类产品相比，在价格和性能上都有独特的优势。使我国的有机肥厂在节约成本的同时，生产出更环保优质的有机肥，也使有机肥厂有了开拓更大市场的资本。

Fu Cheng: Specific project has a bit not quite convenient say, I say a domain, since holding water from classics abb China, we probably a fund that 8 the beginning of the year establish, this fund special place, the Chinese larch sth used to one's own advantage that compares country, IDG wants new, what new weakness plunges into namely is not quite deep, the project that join is not quite much, famous degree not quite much also, even the person that some doing poineering work sees my calling card says classics abb China makes a map , but still have an advantage, the first, we come from the angle of venture capital investment say, can take very long time with the person that do poineering work, can have time of 10 years probably.

傅盛：具体的项目有一点不太方便说，我就说领域，从经纬中国成立以来，我们大概08年初成立的一只基金，这只基金非常席，比国内的红杉资本、IDG都要新，新的缺点就是扎的不够深，投的项目不够多，知名度也不够多，甚至有的创业者看到我的名片说经纬中国是不是做地图的，但是还有一个优点，第一，我们从风险投资的角度上来说，可以和创业者走非常长的时间，大概会有10年的时间。

In the second place, this paper uses the financial data reported by China's private listed companies and statistical analysis skills to test the theories and hypotheses. The research collects all required data from 2000 to 2002, examines the profit ability, the gain ability, the repay ability, and the cost control ability for all sampling listed companies by using Paired-Samples T test in the quantitative analysis section. The results show that these listed companies'profit decreases, income increases, repay ability enhances after the companies go public. Finally the paper takes the non-operating expenses as the illustrating index for the cost control capability of the companies to demonstrate that there is an obvious increase of non-operating expenses after getting great amount of money in IPO, in this sense it can be stated that there is the intendancy of low capital utility rate in private companies.

研究选用了描述性统计分析方法对样本企业IPO前后时段的财务指标进行了对比考查，并运用配对样本t检验方法进行了显著性检验，研究结果表明民营企业在IPO前后的盈利水平总体上是显著下降的；同时研究也显示虽然获利水平出现了小幅上升，但这是由于企业通过IPO融资增加了投资规模导致的；企业的偿债能力在IPO之后有明显的好转；研究最后以营业外支出作为企业成本控制能力的解释指标，发现企业在IPO上市融得大量资金后对主营业务以外的支出有明显的增多，可以判断民营企业存在资本利用效率低下的现象。

Pertaining to an input to the model will not be considered fulfillment of this requirement because Keiretsu Forum investors must receive a comprehensive rationale from presenters to make informed investment decisions.

财务的模式被用来评估你的 Keiretsu 资金回报，所有潜在的公司收益增长，利润，有规划的营运资本的需要，资金预期开支，而且对于未来现金价值的现金折扣率，藉由有意义的说明来作展示。对于没有根据的断言，Keiretsu 论坛投资者不认为其符合要求。投资者一定要接受陈述者可被充分理解的原理才能就此作出明智的投资决定。

Based on the existed research, the study found that the selection of these subjects have rarely been studied, so the selection of this theme has significance in the information society geography theory and can rich the tourist sites in geography study and can guide new thoughts. The second part discusses distance decay effects in web sever when attenuation theory be chose in electronic age location. It considers 7 factors: knowledge spillover environment and yi to technological innovation information reaches nature, decision-maker behavior,human capital factor, supply chain environment, yi to the developed communication net and network of communication lines reaches nature, agglomeration factor, commercial and trade circumstance. Part three studies location significance of outdoor sports websites. Though investigating and analyzing our country 30 cities's outdoor sports websites in China, the author gives out the location characteristics of outdoor sports websites in actual geographical space, and take Shijiazhuang for example, the author analyzes the stadiums gathering effection to the outdoor sports websites which are near the stadiums, and dividing the location into gathering area and non-gathering area the author studies the effects for information flow guiding people flow. Part four is the conclusion which includes four conclusions reached by this article.

在国内外已有研究的基础上，发现本文的选题在国内外研究中基本处于空白状态，对于丰富信息社会地理学理论及引导旅游网站在地理学的研究新思维有重要意义；第二部分论述了服务器距离衰减原理在电子服务区位选择中的作用，并分别从知识溢出环境和对技术创新信息的易达性、决策者行为、人力资本因素、供应链环境、对发达通讯网和交通网的易达性、集聚因素和经济贸易因素七个方面进行考量；第三部分通过对我国30个城市的户外运动网站地址进行调查分析，总结出户外运动网站在实际空间分布上的区位特征，并对聚集区与非聚集区的区位在信息流导引人流中的作用—以石家庄市户外运动网站受临近体育场聚集效应的影响为例，作了实证分析；第四部分为结论，总结了本文研究所得出的四点结论。

Here, the author thinks, be not to Yahoo with the collaboration of Microsoft with respect to imply loss or the market is short of break, on one hand Yahoo has been not former times comparing today, want to searching domain reseizure what great progress difficulty comparatives is big, have a strong opponent afore especially Gu Ge, hind the case that pursues arms Microsoft falls, return the awkward situation that will face client prediction of a person's luck in a given year, cooperate with Microsoft or will form " double win " situation, song of collective antagonism cereal; On the other hand, the glides to also give Yahoo high level administrator of company outstanding achievement brings not little pressure, among them this year first quarter, the net gain of Yahoo is 118 million dollar only, than last year the 537 million dollar of the corresponding period glides 78%, how to seek the new point of growth of company profit, also Yahoo CEO Ba Ci is needed to face, and if the collaboration with Microsoft can involve capital level, so Yahoo sells advertisement and search through exchanging relevant business will obtain more battalion to close with respect to may not it is a tickler.

在这里，笔者认为，与微软的合作对于雅虎来说并非就意味损失或者市场缺失，一方面雅虎已经今非昔比，想要在搜索领域再取得长足发展难度相当之大，特别是在前有强敌谷歌、后有追兵微软的情况下，还将面临着客户流失的窘境，与微软合作或将形成"双赢"局面，共同对抗谷歌；另一方面，公司业绩的下滑也给雅虎的高层管理人员带来不小压力，其中今年一季度，雅虎的净利润仅为1.18亿美元，比去年同期的5.37亿美元下滑78%，如何寻找公司利润的新增长点，也是雅虎CEO巴茨所需面对的，而与微软的合作如果可以涉及到资本层面，那么雅虎通过换取销售广告以及搜索相关业务来获得更多的营收就未必是件难事。

Since to provide increased goods and services for more people does require technological advances, capital investment, and skilled labor, there must be a point beyond which an increase in population leads to a lowering of real income and a decline the level of well-being, Thus it came to be said that when a population should experience in the long run an ever-falling supply of goods and services, per capita, it was no longer of best size.

既然为更多的人口提供更多的商品和服务确实需要技术进步，资本投资和有技术的工人，那么总有那么一个限度，如果人口增长超过这个限度就会导致国民实际收入的减少和生活水准的降低。因此，有人提出，如果一个国家的人民长期以来的人均商品供应和服务水平不断下降，这个国家就已经人口过剩了。

Under such circumstances, as many of the capital market, unlike in 2001, before the concept of relying purely on the index can pull together, because there is now a shadow of the H share price on there.

在这种情况下，许多资本市场，2001年不同的是，之前依靠纯粹的指数可以集中在一起的概念，因为现在有一种对H股价格有阴影。

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。