然而，随着利率的增长，借新债还旧债的成本会越来越高。

But, as interest rates rise, refinancing America's debt will become more costly.

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目前，我国国企负债已到相当规模，多项财务指标表明，我国国企已陷入高负债、低收益、借新债、还旧债的窘境。

At present, our state-owned enterprises have a large - scale liability. Several financial data show that our stated -owned enterprises have been lost in the plight of high liability and low benefit.

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