Lower commodity prices are only partly to blame. Investors now award most state firms stingier valuations than their private peers.
大宗商品价格较低应对此承担部分责任,目前投资者对大多数的国有企业比起其私人同行估值更低。
英语百科
Peering
(重定向自Private peering)
In computer networking, peering is a voluntary interconnection of administratively separate Internet networks for the purpose of exchanging traffic between the users of each network. The pure definition of peering is settlement-free, "bill-and-keep," or "sender keeps all," meaning that neither party pays the other in association with the exchange of traffic; instead, each derives and retains revenue from its own customers.