Suppose we were to graph a household's consumer spending as a function of cash-on-hand, which equals current income plus liquid assets, holding constant expected future income.

假设未来预期收入保持不变，画一个以家庭消费与库存现金的函数图---库存现金等于目前的收入加上流动资产。

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"You're expected to keep jumping through the obstacle course-and to enjoy it," he says of the constant frustrations of being an entrepreneur in such a chaotic country.

“你得像跑障碍赛一样-只能苦中作乐了，”他指的是企业家在这样一个无秩序可言的国家里不断遇到的挫折。

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“You’re expected to keep jumping through the obstacle course—and to enjoy it,” he says of the constant frustrations of being an entrepreneur in such a chaotic country.

“你得像跑障碍赛一样-只能苦中作乐了，”他指的是企业家在这样一个无秩序可言的国家里不断遇到的挫折。

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And it takes dedication to creating a culture, an environment, where constant innovation is encouraged and expected and breakthrough thinking, products and services are the end result.

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China is expected to grow 14% in constant currency, down from 25% last year.

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On a constant-exchange-rate basis, an expected high-single-digit percentage increase in worldwide net sales includes sales growth in all regions, ranging from a mid-teens percentage increase in Asia-Pacific to a low-single-digit increase in Japan.

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