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Philip Hammond has been trying to persuade conservatives that tax increases and spending cuts are needed to reduce the deficit. The largest increase in the number of global blockchain participants has been so far Create a safe environment to support innovation - inevitably, some of the bubble will burst, some milestone will not be achieved, some projects will evaporate, investors hit hard, makes people calling for regulation. But if we regulate the old structures and paradigms, we will stifle innovation. Reuters quoted societe generale (601166, shares) head of U.S. rates strategy Subadra Rajappa, said over the past few sessions, is the tax factors driving bond yields and higher risk assets. And strong economic data usually drag down the bond market. The accounting income follows the historical cost principle and the matching principle, which is conducive to the objective reflection of the business management responsibility of the enterprise management authorities. But, due to the historical cost principle inherent defects, especially according to the present value of revenue and expenses by historical cost line, makes the calculation of accounting earnings lack of inner logical unity, and the matching principle is difficult to carry out, so that the book value of assets can not reflect its real value, cost cannot be fully compensated. And the economic benefit is measured in the current value, which reflects the actual value of the asset, which is beneficial to the full compensation of the cost. In 2010, China overtakes Japan to become the other world's economy. According to economists, China remains to be a developing country with fast pace of growth. Data released that Japan\'s gross domestic product is $1.286 trillion while it is worth $1.335 trillion for China. Another source signifies that Japan keeps growing at two or three percent in weighed against 10 % annually of China.