VOA标准英语10月-South Korea Seeks Regional Fund to Shield Against
时间:2019-02-17 作者:英语课 分类:VOA标准英语2008年(十月)
Lee Myung-bak (File)
South Korean President Lee Myung-bak is proposing a joint 2 fund of about $80 billion between South Korea, Japan and China, to shield the region from the American credit problems. Lee administration officials are expected to push for the plan on the sidelines of an International Monetary 3 Fund meeting, next week. Mr. Lee is scheduled to discuss it in a three-way Beijing summit, later this month.
South Korea's Finance Minister, Kang Man-soo warned a gathering 4 of bankers Monday in Seoul, it may take a long time for President Bush's signing of the financial bailout law, last week, to have positive effects. In the meantime, he is telling banks to get proactive about turning their overseas holdings into dollars that can be lent to South Korean businesses.
He is telling the business community not to rely on the government, alone. He says banks need to work their way out of the problem. He advises then to raise dollars by selling foreign assets, as soon as they can.
As in other countries, South Korea is experiencing a shortage of U.S. dollars. Its economy, the world's 13th largest, is heavily dependent on exports of goods and imports of oil, both of which are chiefly sold in dollars. Markets for even the most conservative short-term loans are constricting 5 in the United States. Many financial institutions are hoarding 6 dollars, in case of more trouble, and that is making it hard for companies to borrow cash for basic needs, like purchasing raw materials and expanding their business.
Jun Gwang-woo, chairman of South Korea's Financial Services Commission, urges South Korean banks not to follow suit.
He says banks should be ready to provide promising 7 small and medium-sized enterprises with strong support, because they face a shortage of cash.
South Korea is arranging to help small and medium businesses with $5 billion, through various trade deals. It is also injecting ten-billion dollars into the financial system, to make it easier for banks to lend.
As an export giant, South Korea holds one of the world's largest dollar reserves, about $239 billion. These reserves have declined for six consecutive 8 months, raising some preliminary alarm bells among investors 9 and leaders here. South Korea's currency, the won, has fallen to its weakest level against the dollar in six years, amid fears of worsening exports.
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- I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤,肩膀脫臼了。
- We wrote a letter in joint names.我们联名写了封信。
- The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
- Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
- He called on Mr. White to speak at the gathering.他请怀特先生在集会上讲话。
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- Objective To discuss the clinical characteristics and treatment of congenital constricting band syndrome(CCBS) and amputations. 目的探讨先天性束带症与先天性截肢的临床特点及治疗方法。
- After the war, they were shot for hoarding. 战后他们因囤积而被枪决。 来自《简明英汉词典》
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- It has rained for four consecutive days.已连续下了四天雨。
- The policy of our Party is consecutive.我党的政策始终如一。