直接投资

From the Fund to invest in the real situation, fund managers, investment behavior that affect the most direct factor in fund performance.

从基金投资现实情况来看，基金经理投资行为是影响基金绩效的最直接因素。

Second chapter: Because the capital market development condition has the direct influence to the insurance fund utilization, therefore elaborated the capital market development in this to the insurance investment support and the impetus function, explicit insurance fund investment capital market significance.

第二章：由于资本市场的发展状况对保险资金的运用有着直接的影响，所以在此阐述了资本市场发展对保险投资的支持与推动作用，明确保险基金投资资本市场的意义。

In present China particularly, the source causing this irresolvable crisis lies in: 1 Regional ecologic capital crisis and existing crisis are formed by severe confrontation of environment and development. 2 The governmental financial burden, aggravated by the low efficiency of governmental supply and operating environment capital, results in grave deficient of environmental investment directly.

尤其在目前的我国，这种危机无法有效解决的根源在于：环境与发展严重对抗形成区域性生态资本危机与生存危机，政府供给与经营环境资本的低效率加重了政府财政包袱、直接导致环境投资严重不足，区域性环境资本持续欠帐经营导致严重累积的环境问题，区域性环境资本缺乏收益回收的技术与政策支持制约了庞大民间资本的投资行为。

As I mentioned last year, we hope to have look-through earnings grow about 15% annually.

就像我去年曾经提到的，我希望我们的透视盈余每年都能够成长 15%，在 1990 年我们确实大幅超越这个比率，但 1991 年结果却差很多，我们在吉列的可转换特别股投资已经被赎回，我们将在 4 月 1 日把它们转为普通股投资，虽然这将会使得我们每年的帐面盈余减少 3，500 万，透视盈余也会跟着减少，另外我们在媒体事业的直接与透视盈余也可能下滑，但不论如何，我们每年还是会向大家报告透视盈余的计算结果。

The result of an empirical analysis shows that the marginal contribution of investment growth on GDP growth weakens gradually as the degree of marketization and the level of economic development increase. The effect of change in the budgeted investment and domestic credit on economic growth is insignificant, but it serves as a leading indicator.

基于实证分析的结果显示，在我国不同发展时期和不同地区经济发展过程中，投资增长对GDP增长的边际贡献随市场化程度和经济发展水平的提高而逐渐减弱；调控国家预算内投资和国内信贷对经济增长的直接影响是不显著的，但它具有明显的引导作用。

Being directly used as reinvestment to increase the registered capital of an existing enterprise with foreign investment.

直接用于再投资增加已存在外商投资企业的注册资本。

NBy starting from the engineering projects of IP and SoC for deep sub-micron and nanometer IC, Vivace has built up a scalable team model and made joint efforts with the first-class international design team in developing the key circuit technology for integrated digital video and mobile TV signal processing.

合并，取得了美、新和国内带头风险投资公司的充足基金，增强了以美国技术和市场为背景的EDA、设计服务、尤其是DSP技术的精、深、创新的领军团队（CEO Cary Ussery and CTO Mark Indovina，吸引了以成功无加工线IC设计公司带头人和美国东部投资公司为首的资本运作团队的直接介入，建立了Integrated国际化团队支持注册在中关村北京集成电路设计园。

With reference to relevant experience both from home and abroad, diversified source of capital should be introduced to invest in urban infrastructure construction. Besides government fund,the infrastructure financing channel should be expanded and social capital should be attracted to take part in urban infrastructure construction. Meantime, current infrastructure operating approach should be altered to improve investment efficiency of government"s fund .In addition , sources of capital and their application should be standardized as well. Generally speaking, ideas in the article could be concluded as "market-based operation, socialized investment, plural debt, direct financing, limited withdraw of government and positive intervene of private capital. The article also put forward six measures to make all the ideas and suggestions operatable.

本文在对浙江省城市基础设施投融资现状和体制情况进行分析的基础上，根据公共产品理论、项目区分理论、基础设施可销售性评估等理论，借鉴国内外的相关经验，提出了建立高效的浙江省城市基础设施投融资体制的建议和对策，即以投资多元化、服务社会化、发展产业化、运营市场化为导向，调动可利用的资金用于城市基础设施投资，规范资金的来源和使用，改变基础设施经营方式，提高政府资金的使用效率，吸引社会资金参与城市基础设施建设，拓展城市基础设施融资渠道，实现&市场化运作、社会化投入、多元负债、直接融资，政府有限退出、民资积极介入&，实现&以城养城&的发展模式，并提出了六个方面的具体对策和措施。

For customers, revenue from direct view, fitting room for the owners to save a lot of time, energy and financial resources to reduce waste, and because developers focus on procurement, could use the same price to select the best quality material for the owners to provide the best cost-effective; additional revenue from indirect, the fitting room but also in large measure to improve its investment value, that is true we live in to buy or rent receipts, rough room decoration obviates the issue of "vacant", which in the present Beijing's market, the investment concept is not very strong, so such a detailed calculation is not in place.

对客户来说，收入直接认为，试衣间为业主节省大量的时间，精力和财力资源，以减少浪费，而且由于开发商集中采购，可以用同样的价格选择最好的优质材料为业主提供最佳的成本效益；额外收入间接的，试衣间，而且在很大程度上提高其投资价值，这是真的，我们生活在购买或租金收据，省却毛坯房装修问题的&空缺&，这在目前北京的市场，投资的概念，不是非常强烈，所以这样一个详细的计算方法不到位。

In the architectural engineering construction, whether the project inthe time which prearranges pays the use, directly relates the projecteconomy and the social efficiency display; But the progress, thequality and invest three goals and is a system, the project managementis needs to resolve the good three contradictions, both wants theprogress quickly, also must invest the province, the quality is good.

在建筑工程建设中，项目能否在预定的时间内交付使用，直接关系到项目经济和社会效益的发挥；而进度、质量与投资三个目标又是一个系统，工程管理就是要解决好三者的矛盾，既要进度快，又要投资省、质量好。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。