14年是指2014年，这一年的股市上涨可以归因于多个原因。首先，全球经济复苏和增长为股市提供了良好的基础。许多国家在此期间实施了财政刺激措施和货币宽松政策，以促进经济增长，这也刺激了股市的上涨。其次，企业盈利增长强劲，让投资者对股市产生了信心。此外，投资者对股市的乐观情绪也有助于推动股市上涨。总的来说，14年股市上涨的原因是全球经济复苏、企业盈利增长和投资者乐观情绪。

In 2014, the stock market witnessed an upward trend, owing to several reasons. Firstly, the global economic recovery and growth provided a solid foundation for the stock market. Many countries implemented fiscal stimulus measures and monetary easing policies during this period to boost economic growth, which in turn stimulated the rise of the stock market. Secondly, robust corporate earnings growth instilled confidence in investors, leading to a positive sentiment in the stock market. Additionally, investor optimism played a significant role in driving the stock market upwards. Overall, the reasons behind the stock market surge in 2014 can be attributed to global economic recovery, strong corporate earnings, and optimistic investor sentiment.

另一个推动股市上涨的因素是低利率环境。在14年，许多国家的央行采取了宽松的货币政策，将利率降至历史低位。这种低利率环境促使投资者将投资从低收益的固定收益资产转向股市，以追求更高的回报。此外，低利率也降低了企业的融资成本，提升了企业的盈利能力，进而推动了股市的上涨。

Another factor that drove the stock market surge was the low-interest-rate environment. In 2014, central banks in many countries adopted accommodative monetary policies, pushing interest rates to historic lows. This low-interest-rate environment prompted investors to shift their investments from low-yielding fixed-income assets to the stock market in search of higher returns. Additionally, low-interest rates reduced the cost of financing for businesses, enhancing their profitability and thereby propelling the stock market's rise.

政府政策的积极影响也是14年股市上涨的原因之一。政府的经济刺激措施和改革政策为企业创造了更好的营商环境，提升了市场信心。例如，一些国家采取了减税政策，降低了企业的税负，激发了企业的投资活动，并促进了就业增长。这些正面的政策措施为股市注入了动力，促使股市上涨。

The positive impact of government policies was also one of the reasons behind the stock market surge in 2014. Government economic stimulus measures and reform policies created a better business environment for enterprises, boosting market confidence. For instance, some countries implemented tax reduction policies, reducing the tax burden on businesses, stimulating investment activities, and promoting job growth. These positive policy measures injected momentum into the stock market, leading to its rise.

此外，全球投资者对新兴市场的兴趣也为14年股市上涨提供了支持。在寻求更高回报的需求下，许多投资者将目光转向了新兴市场，这些市场的发展潜力巨大。特别是一些新兴市场国家实施了改革措施以促进经济增长和吸引外资，吸引了大量投资者的关注。这种国际资金流入推动了新兴市场股市的上涨，并带动了全球股市的整体增长。

Furthermore, the interest of global investors in emerging markets also supported the stock market's rise in 2014. Seeking higher returns, many investors turned their attention to emerging markets, which held significant development potential. In particular, some emerging market countries implemented reforms to promote economic growth and attract foreign investment, capturing the attention of numerous investors. This influx of international capital propelled the rise of emerging market stock markets and contributed to the overall growth of global stock markets.

总之，14年股市的上涨是由全球经济复苏、企业盈利增长、投资者乐观情绪、低利率环境、政府政策的积极影响以及对新兴市场的兴趣共同推动的。这些因素相互作用，为股市提供了有力支撑，使其上涨势头持续增长。

In conclusion, the stock market surge in 2014 was driven by global economic recovery, strong corporate earnings, optimistic investor sentiment, a low-interest-rate environment, the positive impact of government policies, and the interest in emerging markets. These factors interacted with each other, providing robust support for the stock market and sustaining its upward momentum.