中国木地板行业经过十年的快速发展,2006年已经进入了发展的最低谷,遭遇了前所未有的寒冬期和信任危机。
Wooden flooring has 10 years rapid development in China, it has become into the valley of the development since 2006, it encountered unprecedented winter season and confidence crisis.
然而,中国房地产行业在历经多年的过热发展后,正艰难度过寒冬期。从这一点能够看出,万科发行的债券也并非毫无风险。
But the Chinese property business is going through a painful retrenchment after years of overbuilding, which suggests Vanke's bonds are not without their risks.
但这一次金融系统妥协了:一家苏格兰银行已经倒下;爱丁堡的基金经理们将迎来寒冬期;苏格兰的各家公司也亟需银行的贷款。
But this time the financial system is compromised: one Scottish bank is already down; Edinburgh fund managers will suffer; and Scottish firms too need bank loans.
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