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坏账准备 Bad debt reserves 预付账款 Advance money 应收补贴款 Cover deficit by state subsidies of receivable 库存资产 Inventories 物资采购 Supplies purchasing 原材料 Raw materia

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机器设备 Machinery equipment 运输设备 Transportation facilities 工具器具 Instruments and implement 累计折旧 Accumulated depreciation 固定资产减值准备 Fixed assets depreciation

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Number four: the most powerful asset of the digital age is data. 第四点：数字时代最强大的资产就是数据。 And data is really a new asset class, maybe bigger than previous asset classes, 数据是一种新的资产种类，也许比以前

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In Japan, too, borrowers are scarce. 在日本，借钱的人也是几乎没有。 Private non-financial companies, which ought to play the role, have instead been lending to the rest of the economy, acquiring more financial claims each quarter than

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