... 5、city dweller 城镇居民 6、public works financing 市政工程筹资 7、a bit of a trick situation 进退两难 ...
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public works financing
公共工程融资
以上为机器翻译结果，长、整句建议使用 人工翻译 。
They have borrowed not only for their own direct purposes to build public works and housing but also for enterprises known as local-government financing vehicles, whose businesses often have a low rate of return.
WSJ: Philip Bowring: China Needs a 1997-Style Crisis
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