Fifthly, Investment industry partially transferred merchant capital into industrial capital.

第五, 投资产业,将部分商业资本转化为产业资本.

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Part V elaborates the adjustment of merchant capital.

第五部分论述晚清商业资本的变迁.

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During this period , new kinds of modem merchant capital - Broker's Storehouses started rising. "

同时新式的近代商业资本-- 行栈 资本开始兴起.

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