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Supervision authorities have constantly issued the financial policy, which has weakened the lean of enterprise to bank credit, leaded the development of the affiance, real estate funds and other innovative financial instruments on the objective; The upgrade and polarization of real estate decided its brand-new trend of financial market.

监管当局不断出台的金融紧缩政策削弱了企业对银行信贷的依赖,在客观上带动了信托、地产基金等金融创新工具的发展;而产业自身升级与分化则决定了未来房地产融资市场的崭新格局。

By the late 1980s, the economy became overheated with increasing rates of inflation. At the end of 1988, in reaction to a surge of inflation caused by accelerated price reforms, the leadership introduced an austerity program .

这个时候的中国政府周期性地走回头路不时地再次加强中央的计划控制。1988年底时,作为对价格改革引发的通货膨胀的反应,中国领导层采取了经济紧缩方案(如减少消费,增加出口)。

Severe austerity macro policy seems to reduce the high debt ratio of a feasible solution, but also dealt a blow to the highest quality of bank credit operations: Personal credit markets will reduce or shrink the real estate market and the automotive market may be under attack, we seem to to enter the other extreme - deflation.

严重的紧缩宏观政策似乎降低高负债率的一个可行的解决办法,而且也打击了最优质的银行信贷业务:个人信贷市场将会减少或缩小房地产市场和汽车市场可能会受到攻击,我们似乎进入了另一个极端-通缩。

Unfortunately, with sales of full-size luxury cars down and corporate belt-tightening becoming a new way of life, such a car is unlikely to happen.

不幸的是,随着销售的全尺寸豪华轿车下跌和企业紧缩成为一种新的生活方式,这种车是不大可能发生的谣言。

Cold-eyed, sharp-suited men pored over your country's books , demanding painful structural reforms and bone-chilling fiscal stringency.

眼神冷酷,衣装时髦的男人们凝视着贵国的书籍,要求棘手的结构性改革和彻骨的财政紧缩。

This approach implies that disinflation can be achieved by a short run but large increase in unemployment, or by a longer and smaller increase in unemployment.

这种方法反映了通货紧缩可以在短期内达到,但失业的大量增加或者失业获得长期的小幅度的失业人口的增加。

Because the Surgeon's Shoelace Knot isn't formed symmetrically, the finished knot can end up looking crooked, especially if there's not enough slack for the laces to rearrange themselves during tightening.

由于手术的鞋带结是没有形成对称,成品结可以寻找到弯曲,特别是如果有没有足够的松弛的鞋带重新安排自己在紧缩。

Becausethe Surgeon's Shoelace Knot isn't formed symmetrically, the finishedknot can end up looking crooked, especially if there's not enough slackfor the laces to rearrange themselves during tightening.

由于手术的鞋带结是没有形成对称,成品结可以寻找到弯曲,特别是如果有没有足够的松弛的鞋带重新安排自己在紧缩。

With finance tight, raising cash from asset sales is harder: Jamaica failed to meet its target of privatising its sugar industry, and the Bahamas its telecoms, by the end of the year.

由于财政紧缩,那些想从资产销售中套现的做法变得越来越难:牙买加将本国糖业私有化的计划流产,巴哈马将通讯产业私有化的进程也在2008年年底遇到挫折。

Following the Chinese New Year in mid-February, we believe the market will start to focus on the full-year 2009 earnings results and gauge which sectors have better earnings visibilities amid an environment of policy tightening.

我们认为,2月中旬的农历新年后,市场将开始关注09年年报的收入水平,以及在紧缩政策环境下收益情况相对明朗的部门。

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