It has been ten years since it was set up and it has a bad effect on consumption structure, controlling the conspicuous consumption, leading the correct consumption and increasing financial revenue.

其实行至今已十年有余，在调节消费结构、抑制超前消费、正确引导消费方向和增加财政收入等方面发挥了积极作用。

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Normally falling bond yields lead to rising equity prices as investors place a higher value on future earnings, but this effect has been conspicuous by its absence in the current bear market.

ECONOMIST: The companies with the biggest holes in their pension funds