nontransfer expenditure
... nontraditional exporter ==> 非传统出口商 nontransfer expenditure ==> 不能转移的支出 nontransfered arc ==> 非过渡电弧 ...
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作者强调不能过重看待债转股所减少的企业利息支出，因为这只是转移困境。
The writer stresses that we should not over-estimate the reduction on the enterprises interest expenditure by changing debts into shares.
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