1. When it comes to factor price equalization, economic logic is buttressed by timing.

2. The factor price equalization set is now, however, more constrained.

3. Based on the factor price equalization theorem and empirical data, Chinese labor cost advantage wouldn't last longer.

4. There is a broad consensus that factor price system and its determining mechanism is distorted in China.

5. Any point in the hexagon enclosed by these vectors is consistent with factor price equalization.

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6. The alternative case where free entry restores standard comparative advantage is when factor endowments are sufficiently similar to permit factor price equalization.

7. Bureaus can thus under some conditions exercise wage and factor price discrimination.

8. The same pattern of trade emerges for all allocation points within the factor price equalization set.

9. It is one kind of pricing mechanism, which could serve technology resources allocation with the optimal efficiency, that technology factor price reform seek for as well.

10. Another overlooked problem contributing to the global imbalance is factor price distortion in the Chinese economy.

11. Explain how, with no change in budget size for the firm and with the given factor price ratio, output of the firm can be increased.

12. Pursuit of efficiency improvement is always the drive power of technology factor price reform.

13. Unlike land and labour, capital is something for which we undoubtedly would like to see more mobility. The consequential factor price equalisation for capital is not a matter of concern.

14. We will adhere to and improve basic economic system, accelerate reforms in taxation, finance, factor price, monopoly industry and other key fields, and try our best to make significant advances.

15. In the paper, I studied the meaning, classify, basic theory, affecting factor price and problem of rural land transfer.