些行业和企业可能会受到冲击 Some sectors of economy and some businesses may be adversely affected 立足中国国情,发挥自身优势 proceed from national conditions in China and bring our advantages into play 扬长避短,趋利避害,迎接经济全球化的挑战 foster strengths and circumvent weaknesses and rise to the challenge of economic globalization 瓶颈制约 bottleneck constraints 放权让利 decentralization and interest concessions( (in late 198 Os and early I990s) 深化改革 intensify reform; deepen one' s commitment to reform 配套改革 supporting( concomitant) reforms 配套资金 counterpart funds; local funding of 提高经济效益 improve economic performance, increase economic returns 讲求社会效益 value contribution to society; pay attention to social effect 加速国民经济信息化 develop information- based economy accelerate IT application in economy 拉动经济增长 fuel economic growth 利改税 substitution of tax payment for profit delivery 费改税 transform administrative fees into taxes 债转股 debt-to- equity swap 头寸宽裕(头寸紧缺) In an easy position( tight position) 朝阳产业 sunrise industry 招标投标制 the system of public bidding for project 充分发挥货币政策的作用 give full play to the role of monetary policy 实施积极的财政政策 follow a pro- active fiscal policy 向银行增发国债,扩大投资 The government issued additional treasury bonds to banks to increase Investment 再注资 recapitalization 放松银根 to ease monetary policy 信息经济 IT economy 外向型经济 export- oriented economy 信息时代 information age 全球化 globalization(全球性 globality) 信誉风险 reputational risk 风险评级 risk rating 到期不还贷 default on a loan 资不抵债 insolvency; be insolvent 亚洲金融危机 Asian financial crisis(1997-98) 投资(贷款)组合 Investment(loan) portfolio 外汇储备充足 sufficient foreign exchange reserves 中国金融业问题 problems with financial sector in China 储蓄比例过高 the excessively large proportion of savings in the money supply 国有企业产负债率过高 high leverage ratio of the state- owned enterprises, 国有独资商业银行不良资产比例过高 high ratio of non- performing loans of the state commercial 少数中小存款金融机构不能支付到期债务 insolvency of a handful of small and medium- sized financial institutions 不良贷款non- performing loans 防范和化解金融风险 address financial risks 提高企业借贷和行使民事责任的能力 improve enterprises'creditworthiness and ability to fulfil一些行业和企业可能会受到冲击 Some sectors of economy and some businesses may be adversely affected. 立足中国国情，发挥自身优势 proceed from national conditions in China and bring our advantages into play 扬长避短，趋利避害，迎接经济全球化的挑战 foster strengths and circumvent weaknesses and rise to the challenge of economic globalization 瓶颈制约 bottleneck constraints 放权让利 decentralization and interest concessions (in late 1980s and early 1990s) 深化改革 intensify reform; deepen one’s commitment to reform 配套改革 supporting (concomitant) reforms 配套资金 counterpart funds; local funding of 提高经济效益 improve economic performance; increase economic returns 讲求社会效益 value contribution to society; pay attention to social effect 加速国民经济信息化 develop information-based economy accelerate IT application in economy 拉动经济增长 fuel economic growth 利改税 substitution of tax payment for profit delivery 费改税 transform administrative fees into taxes 债转股 debt-to-equity swap 头寸宽裕（头寸紧缺） in an easy position (tight position) 朝阳产业 sunrise industry 招标投标制 the system of public bidding for project 充分发挥货币政策的作用 give full play to the role of monetary policy 实施积极的财政政策 follow a pro-active fiscal policy 向银行增发国债，扩大投资 The government issued additional treasury bonds to banks to increase investment. 再注资 recapitalization 放松银根 to ease monetary policy 信息经济 IT economy 外向型经济 export-oriented economy 信息时代 information age 全球化 globalization （全球性globality） 信誉风险 reputational risk 风险评级 risk rating 到期不还贷 default on a loan 资不抵债 insolvency; be insolvent 亚洲金融危机 Asian financial crisis (1997-98) 投资（贷款）组合 investment (loan) portfolio 外汇储备充足 sufficient foreign exchange reserves 中国金融业问题 problems with financial sector in China 储蓄比例过高 the excessively large proportion of savings in the money supply 国有企业产负债率过高 high leverage ratio of the state-owned enterprises, 国有独资商业银行不良资产比例过高 high ratio of non-performing loans of the state commercial banks 少数中小存款金融机构不能支付到期债务 insolvency of a handful of small and medium-sized financial institutions 不良贷款 non-performing loans 防范和化解金融风险 address financial risks 提高企业借贷和行使民事责任的能力 improve enterprises’ creditworthiness and ability to fulfil