in china, local governments are facing the heavy pressure of fiscal expenditure because it undertakes vast functions of resources allocation 在我国,分税制财政体制下,地方政府承担着大量的资源配置职能,支出面临很大压力。
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 如果任其发展下去,股市的资源配置功能将丧失殆尽,势必危及到整个中国股市的未来。
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 相信随着证券市场的不断成熟,它将有效实现其资源配置的功能,健康有序地发展、壮大。
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 根据对评价结果的分析,金融体系未能发挥优化资源配置的作用是导致我国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,进入新世纪以后,日本政府对包括政策金融在内的整个财政投融资体制进行了大刀阔斧的改革。