It showed that when we apply this model to China, the competition effect is weaker than the balance sheet channel.
通过分析我国的新斯旺模型，本研究发现具有竞争效应小于平衡表效应的特征。
It showed that when we apply this model to China, the competition effect is weaker than the balance sheet channel.
通过分析我国的新斯旺模型，本研究发现具有竞争效应小于平衡表效应的特征。
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