in china, local governments are facing the heavy pressure of fiscal expenditure because it undertakes vast functions of resources allocation 在我國(guó),分稅制財(cái)政體制下,地方政府承擔(dān)著大量的資源配置職能,支出面臨很大壓力。
with this tendency uncontrolled, the function of resource allocation of stock market will die out, undoubtedly imperilling the future of the whole stock market of china 如果任其發(fā)展下去,股市的資源配置功能將喪失殆盡,勢(shì)必危及到整個(gè)中國(guó)股市的未來(lái)。
i believe that with the maturation of the securities market, it can implement its function of resource allocation, and the securities market will grow more efficiently 相信隨著證券市場(chǎng)的不斷成熟,它將有效實(shí)現(xiàn)其資源配置的功能,健康有序地發(fā)展、壯大。
due to the analysis of the evaluation result, the most significant reason for our lower financial efficiency is that the financial system has not taken the function of resources allocation optimism 根據(jù)對(duì)評(píng)價(jià)結(jié)果的分析,金融體系未能發(fā)揮優(yōu)化資源配置的作用是導(dǎo)致我國(guó)有效金融效率低下最主要的原因。
this fact restrained the dynamics of the private financial institutions and distorted the function of resource allocation of the financial market, impelling the japanese government to reform the public financial system in the new century 因此,進(jìn)入新世紀(jì)以后,日本政府對(duì)包括政策金融在內(nèi)的整個(gè)財(cái)政投融資體制進(jìn)行了大刀闊斧的改革。