Article
Life after digging
Useful expressions
resilience 恢复活力
glut 供应过量;暴食
ingrained 根深蒂固的
revenues 税收
deleverage 去杠杆化
duanting 看上去吓人的
curb 控制
bumpy 颠簸的,困难重重的
was reeling from 遭受
property developers 房地产开发商
is yeilding to 屈服于
exceeded our need 超出我们的需求
robust growth 强劲的增长
wreak hovoc on 肆虐
weight on 影响
rev up 加速
In norminal term 名义上
foster innovation 促进创新
suffering from capital outflows and accumulating debt at an alarming rate 遭受严重的资本外流和债务以惊人速度的累计
a sign that the risk of financial crisis has faded 迹象表明金融危机的风险已经消退
the improvement in China's fortunes can be traced to three factors 中国经济的增长可以追溯到三个因素
close unused capacity, restrain output and push up prises 关闭闲置产能,抑制输出,推高价格
murky off-balance-sheet loans 模糊的资产负债表外贷款
Chinese shares listed in Hong Kong 中国在香港上市的股票(H股)
rein in profligate local office 控制挥霍无度的官员
disguise debt in public-private partnership 在公私伙伴关系中掩饰债务
Wuhan, a spraling metropolis in middle reaches of the Yangtze River, exemplified China's economic woes. 武汉是长江中游的大都市,是中国经济困境的典型代表。
Municipal debt had soared. 市政债务飙升。
Mainidea
After a good run of growth, China's economy braces from bumps
Wuhan's economy rivived after great woes. Through the economic conditions to observe the entire Chinese economy, which is in much better shape than the period of financial crisis.
The improvement ascribe to three factors. First, China government take great efforts to tackle several ingrained problems. Second, China's economy is muturing. The structual changes make stable economic growth. Finally, Robust growth in America and Europe has given Chinese firms a lift.
The coming few quarters are likely to be bumpier, The trade war between the world's two biggest economies will wreak havoc on global economic system.
China government take tight financial policy, concomitantly,The downsides will also weight on economic growth. In addtion, China leaders emphasis the quality of economic growth. Wuhan is the zealous exponent of the message.
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