The ＂overissuance of currency＂ statement has been prevalent in China＇s economics and finance sector for many years, but it is an unscientific argument. Its theoretical basis is that GDP corresponds to currency issu...The ＂overissuance of currency＂ statement has been prevalent in China＇s economics and finance sector for many years, but it is an unscientific argument. Its theoretical basis is that GDP corresponds to currency issued by the central bank but overlooks the fact that what money in circulation really corresponds to is the aggregate price of traded goods （including commodities, labor and financial products）. It also overlooks how fast money is circulated and the production and operation costs incorporated in commodities. Practically, this statement ignores the fact that the remainder of M2-MO in China is made up of various deposits whose direct function is substantially d^fferent Jbom that of currency. The underlying reason for China＇s huge sum of various deposits in M2 is that the proportion of consumption in GDP is decreasing and the investment rate is lower than the savings rate. It is natural for the M2 money supply to outnumber GDP in China. In essence, China＇s CPI growth is the result of price spikes rather than inflation. Accordingly, the major solution should be a combination offinancial policies and administrative measures rather than monetary policies.展开更多
The production of deep well-shaped WC-Co cemented carbide blocks via industrial powder pressing remains a challenging technical problem,primarily due to the unsuitability of the forming agent.The forming agent paraffi...The production of deep well-shaped WC-Co cemented carbide blocks via industrial powder pressing remains a challenging technical problem,primarily due to the unsuitability of the forming agent.The forming agent paraffin wax was modified through four types of modifiers,including organic high-molecular-mass resins,plasticizers,surfactants and lubricants.The qualitative screening of resin types was explored and an orthogonal experiment involving the combination of these four paraffin wax modifiers was conducted to obtain an optimized quantitative ratio of modifiers.The results reveal that the insertion of the small molecule chain of resin into the interstitial spaces of paraffin wax crystals is likely a crucial factor for improving the compatibility between the resin and paraffin wax.Through orthogonal experiments,the optimized formulation for the forming agent is determined:100 parts of 58#paraffin wax,15 parts of EVA-2,4 parts of DPHP,4 parts of oleic acid amide and 2 parts of stearic acid.This optimized formulation is applied to industrial production at one Chinese company,and qualified deep well-shaped cemented carbide products are achieved,which contain 90wt%WC and 10wt%Co.展开更多
文摘The ＂overissuance of currency＂ statement has been prevalent in China＇s economics and finance sector for many years, but it is an unscientific argument. Its theoretical basis is that GDP corresponds to currency issued by the central bank but overlooks the fact that what money in circulation really corresponds to is the aggregate price of traded goods （including commodities, labor and financial products）. It also overlooks how fast money is circulated and the production and operation costs incorporated in commodities. Practically, this statement ignores the fact that the remainder of M2-MO in China is made up of various deposits whose direct function is substantially d^fferent Jbom that of currency. The underlying reason for China＇s huge sum of various deposits in M2 is that the proportion of consumption in GDP is decreasing and the investment rate is lower than the savings rate. It is natural for the M2 money supply to outnumber GDP in China. In essence, China＇s CPI growth is the result of price spikes rather than inflation. Accordingly, the major solution should be a combination offinancial policies and administrative measures rather than monetary policies.
文摘The production of deep well-shaped WC-Co cemented carbide blocks via industrial powder pressing remains a challenging technical problem,primarily due to the unsuitability of the forming agent.The forming agent paraffin wax was modified through four types of modifiers,including organic high-molecular-mass resins,plasticizers,surfactants and lubricants.The qualitative screening of resin types was explored and an orthogonal experiment involving the combination of these four paraffin wax modifiers was conducted to obtain an optimized quantitative ratio of modifiers.The results reveal that the insertion of the small molecule chain of resin into the interstitial spaces of paraffin wax crystals is likely a crucial factor for improving the compatibility between the resin and paraffin wax.Through orthogonal experiments,the optimized formulation for the forming agent is determined:100 parts of 58#paraffin wax,15 parts of EVA-2,4 parts of DPHP,4 parts of oleic acid amide and 2 parts of stearic acid.This optimized formulation is applied to industrial production at one Chinese company,and qualified deep well-shaped cemented carbide products are achieved,which contain 90wt%WC and 10wt%Co.
