Unless they can turn in their bonds and exchange them for something else, they're only paper assets.
除非他们兑现了债券并且换成别的东西，否则就只是纸上资产。
As I explained earlier, income is more closely associated with paper assets.
就像我之前解释的，收入和纸资产的关系更加密切。
As I explained earlier, income is more closely associated with paper assets.
就像我之前解释的，收入和纸资产的关系更加密切。
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