The money substitution changes people's demand on money, influences a nation's economy and macro policy effect.
货币替代改变人们对货币的需求，影响一国的经济和宏观政策效果。
In the earlier stage of the Ming Dynasty, because of cultural policy effect, the concept of cixue is different from the middle later stage.
明代前期，由于文化政策的影响，明人的词学观念呈现出与中后期不同的面貌。
To improve the debt-to-equity firm's governance quality, we should gradually strengthen the market principle at the same time to exert the policy effect.
改善债转股企业的治理质量，应在继续发挥政策效应的同时逐步强化市场原则。
To improve the debt-to-equity firm's governance quality, we should gradually strengthen the market principle at the same time to exert the policy effect.
改善债转股企业的治理质量，应在继续发挥政策效应的同时逐步强化市场原则。
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