| 1. | In such circumstances , direct controls on credit may have been a more effective way to curb overinvestment
在这种情况下，直接控制信贷可能会更有效地遏制过度投资。 |
| 2. | This is not to deny that china has seen overinvestment in some sectors , such as steel and cars
这并不是要否认中国已经在一些行业，如钢铁业和汽车业，存在过度投资。 |
| 3. | Discusses the relation between local government fostering , soft restriction on business budget and overinvestment
摘要论述了地方政府的扶持、企业预算软约束与投资过热的关系。 |
| 4. | Indeed , some economists have long predicted that overinvestment as a result of an artificially cheap cost of capital will lead to china ' s downfall
事实上，一些经济学家早就预言过热是由于人为的廉价资金成本，这将导致中国的衰败。 |
| 5. | So , the only way to get rid of overinvestment is to turn the functions of local governments into reasonable ones as soon as possible , i . e . , to make the scientific view of development come true
为此，只有尽快地转变地方政府的职能，才能切实地落实科学发展观，从根本上避免投资过热的发生。 |
| 6. | Despite the threat of protectionism from other countries and overinvestment in certain sectors , the mainland economy nevertheless put in a strong performance , with consumption and investment booming
纵使面对国外贸易保护主义的压力，以及内部个别行业投资过度的困扰，国家经济仍然有强大的发展动力，消费及投资均保持畅旺。 |
| 7. | In addition , local governments stepped up their efforts to build various industrial development zones especially the " image projects " so as to improve the environment for absorbing more investments and , as a result , they played the active roles in overinvestment
同时，为了改善投资环境，各级政府还大搞开发区和形象工程建设，直接充当了推动投资过热的角色。 |
| 8. | But many investor should not writer off the euro area in this way , for unlike the us the euro economies are free of the economic imbalances , such as debt and overinvestment , that risk turning america ' s slowdown into a nasty recession
但是许多投资者不应该用这种方法冲销欧洲地区，因为不象美国的欧洲经济学家对经济不平衡是随意的，诸如欠债和投资过剩，这些风险使得美国迟缓进入险恶的衰退。 |
| 9. | Contract incompleteness might lead to overinvestment when the investment is unobservable and cooperative ( the buyer ' s value of the good depends on the seller ' s investment ) , and the players have asymmetric information during the bargaining ( the buyer has private in formation regarding his value for the good )
本研究发现，当投资为合作的（如买方所要买的物品，因卖方的投资而有较好的质量） ，而且在投资后的谈判中，买卖双方所拥有的信息并不对称时，不完全契约的环境可能造成过度投资。 |
