(单词翻译:单击)
听力文本
From VOA Learning English, this is the Economics Report.
The last two months have been difficult for investors in China's stock markets. Major stock indexes, measures that track share values, all had big decreases during the month. This has many people questioning what China's stock market problems mean for its economy and the world.
On July 27th, the Shanghai Composite index dropped more than eight percent in value, its largest single-day drop in eight years. In recent weeks, prices dropped although the government put a number of measures in place to keep prices from falling too far.
Measures to stop falling prices
These included lending billions of dollars to stock trading companies, having pension funds increase stock holdings and threatening short-sellers with legal action. Short-sellers make a profit by trading stocks that are decreasing in prices.
The state China Securities Finance Corporation on Tuesday said it will continue to buy stocks to "stabilize" the market. The People's Bank of China also said it would place over $8 billion into money markets funds, which are considered safe debt investments.
Companies have also cancelled plans to sell new shares on exchanges and, at one point, more than 1,400 companies requested that trading in their shares be halted.
Will it affect China's economy and the world?
However, China's stock market is not closely connected to its economy. The Associated Press recently reported on a study by the Southwestern University of Finance in Chengdu, China. It said only 8.8 percent of households in China are involved in the market. That is much lower than the 30 percent of households in the U.S. with investment in the market.
Many of the companies listed on Chinese markets are state-owned companies. Investors react to changes in government regulations and to availability of financing for trading. This can mean that share prices do not follow the economic performance of the companies that issue them.
In the twelve months before June, China's stock market measures gained about 150 percent. At the same time, China reported lower economic growth during the same period.
China's share price drop has had a limited effect on stock exchanges around the world. Stock indexes in Europe and Asia have had decreases in July. But, China limits the number of stocks that foreign investors can buy through a link called the Shanghai-Hong Kong Stock Connection. In the case of China, that means money from foreign investors cannot easily flow in or out.
Some experts say recent losses could be a sign that Chinese investors are worried that the government plans to reduce its support for the market.
I'm Mario Ritter.
词汇解析
1.halt vi. 停止；立定；踌躇，犹豫 n. 停止；立定；休息 vt. 使停止；使立定
Striking workers halted production at the auto plant yesterday.
昨天，汽车厂的罢工工人完全停止了生产。
2.economic performance 经济表现；经济实绩
A recent study investigated the effects of real exchange rate misalignment and instability on economic performance.
最近的一项研究调查了实际汇率失调和动荡对经济实绩的影响。
3.short seller 卖空者
A short seller will go broke long before the value ship comes in.
早在价值实现之前，卖空者就会破产。
内容解析
1.Companies have also cancelled plans to sell new shares on exchanges and, at one point, more than 1,400 companies requested that trading in their shares be halted.
at one point 一度；在某处；在某一时刻
At one point a bird trilled in the Conservatory.
有那么一刻，一只鸟儿在温室里啼叫。
At one point last week shares in the grey market touched 230p.
上周，灰市上的股票价格一度高达230便士。
2.Investors react to changes in government regulations and to availability of financing for trading.
react to 对…作出反应：
He reacted well to penicillin.
他对青霉素的反应良好。
There'dbe no telling how John would react to such news as this.
还不知道约翰听到这样的消息会作何反应。
参考译文
这里是美国之音慢速英语经济报道。
过去两个月对中国股市上的投资者来说很艰难，期间，追踪股票价值的主要指数纷纷大跌，这使得很多人疑惑中国股市上的问题对本国和世界经济的影响。
7月27日，上证指数下跌超过8%，这是8年来最大幅度的单日下跌。最近几周，尽管政府采取多项措施来防止股价过分下跌，但股价还是下跌了。
这些措施包括为股票交易公司提供数十亿美元的贷款，增加养老金持股，用法律行动威胁卖空者。卖空者通过交易价格下跌的股票来获利。
周二，中国证券金融公司表示将继续购买股票以稳定市场，中国人民银行称将向被视为安全债券投资的货币市场投入80亿美元。
各公司也纷纷取消了新股上市计划，一度有1400多家公司要求暂停其股票交易。
然而，中国股市与其经济的联系并不紧密，美联社最近报道了中国成都西南财经大学的一项研究，称只有8.8%的中国家庭参与了股市，这比美国家庭进入股市的比例要低得多，美国有30%的家庭进入股市。
在中国股市上市的大多数公司是国有公司，投资者对政府规定变化和金融交易可用性做出应对，这意味着股价不会随着股票发行公司的业绩而变化。
在6月份之前的12个月里，中国股票指数上涨了150%，同时，中国报道在此期间经济增长较低。
中国股价的下跌对全世界股市交易的影响有限，欧洲和亚洲的股指在7月份下跌了。但中国通过沪港通限制了外国投资者可以购买股份的数量，就中国来说，这意味着外国投资者的资金不能轻易地进出股市。
一些专家称最近的下跌是一个信号，说明中国投资者担心政府准备减少对股市的支持。
我是马里奥·利特。
译文为可可英语翻译，未经授权请勿转载！
