双语新闻：中国面临"资产负债表衰退"风险

2014-09-25 16:06:26来源：可可英语

　　China has launched a fresh effort to boost itsflagging economy with cash injections by the centralbank, but signs are mounting that monetarystimulus is losing its effectiveness as debt-riddencompanies lose their appetite for borrowing evenat low rates.

　　中国发起了提振乏力经济增长的最新努力，由央行注入现金。但越来越多的迹象表明，随着债务缠身的企业失去对哪怕是低息借款的兴趣，货币刺激正在失去其有效性。

　　‘Mini-stimulus’ measures launched in April were focused on increasing the supply of money andcredit. Last week the central bank moved to inject $81bn into the system via loans to the fivebiggest banks. That followed targeted cuts to the required reserve ratio for small banks and aloosening of the regulatory loan-to-deposit ratio that gave banks greater freedom to expandlending.

　　今年4月出台的“微刺激”措施聚焦于增加货币和信贷供应。上周中国央行采取行动，通过向五大银行发放贷款，向金融体系注入5000亿元人民币(合810亿美元)。此前，中国央行对一些小银行有针对性地下调了存款准备金率，针对银行贷存比的监管上限也有所放松，使银行有更大自由度可以扩大放贷。

　　Authorities want the banks to channel those funds into the real economy, but bankers andanalysts say that weak credit creation in recent months is due more to lack of demand fromborrowers than to constraints on bank lending.

　　当局希望银行将这些资金导向实体经济，但银行家和分析师表示，近几个月信贷疲软，在更大程度上是因为借款人缺乏需求，而不是因为银行放贷受到制约。

本文关键字: 中国面临"资产负债表衰退"风险