The causes can be found in the underdeveloped corporate debt market and lack of long-term debt market.

上市公司的低长期负债与我国公司债券市场不发达、缺少中长期债务市场有关。

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The bubbles during the past decade in both stockmarkets and, later, the market for corporate debt highlighted serious flaws with both of these ideas, or at least with the way they were implemented.

在过去十年里股票市场和之后的公司债券市场出现的泡沫都使这两大观点的严重缺陷更加突出，至少从它们的执行方式来看就是这样。

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Strong companies may be able to issue corporate debt at a more reasonable price, but that market remains fragile.

实力丰厚的公司可能会以更合理的价格发行公司债券，但债券市场依然脆弱。

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Conceptually, Apple could swallow Microsoft with a little help from the corporate debt market.

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Ever since the policy began, we have seen big companies benefit from cheaper borrowing costs, as long as they were in a position to borrow from the corporate debt market, not their local bank.

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If you want to dwell on one financial worry for 2007, the corporate-debt market is the place to start.

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