流通

In sum, the paper tells the importance of transportation of Shanxi in the Qing Dynasty to the growth of the area economy and Jin Merchants' expanding benefited from the critical location and flouring transportation conditions.

文章旨在说明清代山西商业的发展与商路的开通密不可分，晋商的长足发展得益于清代山西的重要区位和发达的交通，并总结出清代山西的物流方式和流通运道。

It is believed that 60% plus of the Virus Warnings in circulation are hoaxes.

据认为60%的病毒警告加流通虚报。

Whenever I find myself growing grim about the mouth; whenever it is a damp, drizzly November in my soul; whenever I find myself involuntarily pausing before coffin warehouses, and bringing up the rear of every funeral I meet; and especially whenever my hypos get such an upper hand of me, that it requires a strong moral principle to prevent me from deliberately stepping into the street, and methodically knocking people's hats off - then, I account it high time to get to sea as soon as I can.

这对于去除我的心火，调节血脉流通，未始不是个办法。每当我发现自己绷紧了嘴角；每当我的心情有如潮湿阴雨的十一月天气，每当我发现自己不由自主地在棺材铺门前驻足流连，遇上一队送葬的行列必尾随其后；特别是每当我的忧郁症发作到了这等地步：我之所以没有存心闯到街上去把行人的帽子一顶顶打飞，那只是怕触犯了为人处世的道德准则；—一到这种时候，我便心里有数：事不宜迟，还是赶紧出海为妙。

Although the law and rule of bill in our country has concrete stipulation on endorsement,but it has not stipulate general endorsement and endorsement ensuring and destroying,the meaning of stipulation is not clear about subsequent endorser is responsible for the truthfuless of direct prior endorser,the stipulation contradict oneself on the validity of after effluxion of time,and the limit is not very clear to re—endorse of endorsee of trust drawing money endorsement and hypothecated endorsement,because they damage and hinder the circulation of bill,so advice Bill Law amending to it.

我国票据法律法规对票据背书进行了较为具体和详细的规定，但也存在一定的问题。其未规定空白背书及背书涂销；关于背书的后手对直接前手背书真实性负责的规定含义不清；对期后背书效力的规定自相矛盾；对委托取款背书及质押背书的被背书人的再背书限制不明确；司法解释对质押背书时&质押&字样记载的效力的规定易生歧义等，均在一定程度上损害或阻碍了票据的流通，建议《票据法》予以修正。

This paper investigates the determinants of compensation ratio, and examines whether the institutional investors influence the impounding of firm-specific fundamental information into the compensation ratio.

本文对股权分置改革中影响非流通股股东支付对价的基本因素进行了研究，考察了对价是否反映公司的盈利和风险这些基本面的因素。

On the one hand, consumers are always in the dilemma that the traditional legal system cant easily solve in the process of the signing and fulfillment of E-contract. On the other hand, the rights of privacy and invented property of consumer such as personal data and invented equipment are always easily infracted due to the flow of information in E-commerce.

一方面，电子合同这种新合同形式的出现，使得消费者在合同订立和履行过程中陷入不利境地，而传统消费者保护的法律体系已不足以因应消费者保护的诸多新问题；另一方面，以信息流通为特征的电子商务，使得消费者以个人资料为内容的隐私权、以虚拟装备为内容的虚拟财产权极易受到侵害。

The practice of realtors not only facilitates the development of the real estate market, it also invigorates the market, reduces trading cost, and improves productivity while reducing real estate market risks.

房地产经纪人的活动，不仅促进了房地产业的发展，而且还活跃了市场，节省了流通费用，在降低房地产市场风险的同时，提高了劳动生产率。

The success of the euro gives us some suggestion that the economic integration should be based on regional economic integration. It legitimizes the idea of theory of optimum currency areas.

欧元的正式流通为国际经济一体化提供了可资借鉴的范例，国际经济一体化的发展可以区域经济一体化为基础，使得最适度货币区理论更加真实，而地区间的经济合作与发展成为当今经济全球化的前提。

Judging from the present state of the work, Liu tend to extract formal elements from the rules and habits of writing, such as the two dimensional quality of calligraphy and the temporal quality of writing. The writing of lines from top to bottom, from left to right or from right to left is directly linked with the likening of 'love' to personal relations.

从作品的现状看，刘永刚是较多从文字书写的规定和习惯中提取形式要素，比如书法的平面性，书写的时间性，都是从上往下和从左到右或从右到左的直线流通展现方式，以及将&爱&比拟为人与人之间的关系等，都有直接的联系。

China"s stock markets had made a great progress after 14 years" development, their functions of financing, resource disposal, liquidity providing and company management bettering had got well exerted. This means the function efficiency had been improved.2.As for the market structure, operating method and regulations conditions, the participants" structure and quality had been increased fast, the transaction cost had been greatly reduced, and issuing and liquating method had become more fair and effective, the relative laws and regulations had been better and better, the operation efficiency had been improved.3.Compared with other stock markets, China"s stock markets" indexes had performed a good random walk property, which means that the pricing efficiency had been improved.4.Compared with other advanced markets in the world, by and large, on the basis of China"s rapid improvement on economy recently, China"s stock markets" efficiency was relatively low.

根据分析研究，本文的主要结论和观点如下： 1、中国股市14年来的发展取得了重大进步，其融资、资源配置、提供流动性以及改善公司治理等功能都得到了良好的发挥，功能效率程度得到提高； 2、从股市结构、运作机制和体制环境来看，股市主体的结构和质量有了快速提高，交易成本大大降低，发行和流通方式更加公平、有效，各项法律法规也不断得到完善，其运作效率程度得到提高； 3、与世界主要股票市场相比，中国股市指数的随机游走特性逐渐良好，说明14年来，中国股市定价效率得到了快速提高； 4、中国股市与世界先进市场相比，综合来看，考虑到中国股市的发展背景和近几年国民经济的快速发展，其效率还是较低的。

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。