2015年CRI Lord Mayor of the City of London: China's Stock Market ＂Hiccup＂ Part of Market Evolution
时间：2019-02-13 作者：英语课 分类：2015CRI中国国际广播电台
Lord Mayor of the City of London: China's Stock Market ＂Hiccup＂ Part of Market Evolution
In a press briefing with journalists on his planned visit to China next week, the Lord Mayor says it is a common episode in any emerging market to have overblown stock bubbles burst at a certain point.
"We are talking about a market which is very very young and I think to archive what they have archived so far in that period of time, inevitably 1 there will be hiccups 2 and bits of volatility 3. We've just been through one, it will stabilize 4 and so it's about finding ways to actually smoothing the volatility of these markets. "
A specialist in investment banking 5 and a successful businessman himself, the Lord Mayor explains that the stock market turbulence 6 is part of a process in China's evolution to an institutional economy.
"Each market goes through processes of evolution, it starts off with individuals, dynasties, companies and families and so on. It's all about the individual in the beginning. But it takes the evolution of the institutional market to take place. The institutional market normally took place actually after a crash like this because people suddenly realize they aren't as good at judging things as individual and therefore they decided 7 to go and hire professional managers."
Carrying on the annual duty as the Lord Mayor of the City of London, Alan Yarrow will lead a business delegation 8 to a ten-day trip to Hong Kong and Chinese mainland cities including Beijing and Shanghai.
In October, the Lord Mayor is also scheduled to host a banquet at the City of London in honor of Chinese President Xi Jinping's state visit to the UK. The Lord Mayor says he's looking forward to welcoming the Chinese President in the year which marked the "golden era" in China-UK relations.
"We by definition do 44% of foreign exchange in global trade here in the City of London. We can not afford not to be interested in countries which are growing fast and actually have a very big impact on the world economy. So we are here to support, in partnership 9, the development to the Chinese economy. And there's a lot we can do to support China. I think we hear more about collaborations in his visit. We are very proactive and we want to be there and be a firm partner of China."
For CRI, I'm Duan Xuelian in London.
- In the way you go on,you are inevitably coming apart.照你们这样下去，毫无疑问是会散伙的。
- Technological changes will inevitably lead to unemployment.技术变革必然会导致失业。
- I cannot find a rhyme to "hiccups". 我不能找到和hiccups同韵的词。 来自《简明英汉词典》
- Can we rhyme 'hiccups'with 'pick-ups'? 我们能把‘hiccups’同‘pick－ups’放在一起押韵吗？ 来自辞典例句
- That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
- Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。
- They are eager to stabilize currencies.他们急于稳定货币。
- His blood pressure tended to stabilize.他的血压趋向稳定。
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
- The turbulence caused the plane to turn over.空气的激流导致飞机翻转。
- The world advances amidst turbulence.世界在动荡中前进。
- This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
- There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。
- The statement of our delegation was singularly appropriate to the occasion.我们代表团的声明非常适合时宜。
- We shall inform you of the date of the delegation's arrival.我们将把代表团到达的日期通知你。
- The company has gone into partnership with Swiss Bank Corporation.这家公司已经和瑞士银行公司建立合作关系。
- Martin has taken him into general partnership in his company.马丁已让他成为公司的普通合伙人。