Close to retiring, China’s central-bank chief warns of financial risk
Is Zhou Xiaochuan trying to burnish his legacy?
1、Chinese investors know what each refers to: swans are unforeseen risks; rhinos are neglected dangers; crocodiles prey on financial weakness.
黑天鹅——看不见的风险
灰犀牛——被忽视的危险
鳄鱼——捕食金融漏洞/弱点？？？
2、But at a news conference last month on the sidelines of a Communist Party congress, he spoke of the threat of a “Minsky moment”—a concept named after Hyman Minsky, an American who postulated that stable economies end up crashing because of overconfidence that benign conditions will prevail indefinitely.
benign conditions 良性条件
明斯基时刻（ [英语]
指在信贷周期或者 [商业周期]中，资产价格的大幅下跌。在长期的经济繁荣中，资产价格上涨会导致投机性的贷款增加，而过多投机所产生的债务会造成投资者的现金流紧缺，即资产产生的现金流不足以支付债务需要的利息。当债权人要求偿还债务时，深陷债务问题的投资者必须卖掉资产价格相对稳定的投资物来维持现金流，然而此时已经没有交易对手方会支付如此高的资产价格。一系列的抛售将导致资产价格进一步下跌，以及流动性紧张，并最终造成资产价格的崩溃。
3、In a “regulatory storm”, officials have reined in borrowing by highly leveraged firms and strengthened supervision of financial dealings.
reined in borrowing by highly leveraged firms ？ 高...公司的借贷
4、If there is financial trouble ahead, he cannot be accused of failing to point it out.
如果真的有金融问题出现，他也不会因为指出来而被责骂
GET:
China's government decided to curb the financial risks.
China’s central-bank governor is due for retirement after a 15-year governorship.
To be sure 诚然，的确
on the sidelines of a Communist Party congress 在...期间；非正式会议期间
burnish his legacy 给政绩镀金
making the case 使得
patch up 修补；平息；拼凑
patching up its financial vulnerabilities 修补财务漏洞
Partly as a result 结果之一
highly leveraged firms 高负债率公司
a double-digit pace 以2位数的速度
a menagerie of beasts 一群野兽
credit growth this year is at its slowest
once-soaring ratio 一度飙升的比率
debt-to-GDP: 总值比率
poorly regulated shadow lenders 监管不力的影子银行
trust companies 信托公司
peer-to-peer schemes 点对点模式
sizeable drop 相当大的下降
the State Council 国务院
preventing major financial risk
refrain from 克制；抑制；忍住 refrained from stating economic targets
words echo the priorities of his master
refreshingly free of party jargon 让人耳目一新的
the only ministerial-level official to straddle three administrations
due for retirement
was kept on 被留任
he has perhaps just weeks before retirement
savvy policymaker 精明的决策者
get out of hand 失控，无法控制
credit growth 信贷增长
curb financial risk 控制财务风险
dictate monetary policy
seizing the chance to amplify the message
news conference 记者招待会
怎么看？
看段落首尾句，关键句
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