规则:
1.每名回复者按标号任选一段话翻译,一定要做到一个标号一帖以便于奖励
2.可以纠正楼上的错误之处(纠错时请引用原帖并把修改之处标记出来),指正错误者奖励原帖分数+8'
3.连击奖励:连续回复的第二帖在原奖励基础上+2',第三帖及以后在原奖励基础上+5’,中间有其他人回帖就重计
注:奖励考元数已经标于题号后.
翻译就有奖励,不怕出错就怕不做,嘿嘿.... 声明:
谢谢大家在前几期节目中积极参与,但还是发现有人抄袭,这是对大家的不尊重!
本节目有奖有罚,只要是自己动手动脑翻译的不论翻译得好坏都会有奖励,抄袭者必重罚!
China tightens rules on foreign property investors
Tue Aug 7, 2007 4:58AM EDT
BEIJING, Aug 7 (Reuters)
1. China is tightening its grip once more on foreign investors in Chinese real estate, banning them from borrowing offshore in the latest effort to tame property prices and cool the economy. 15'
2. The new rule, set out in a circular from the State Administration of Foreign Exchange obtained by Reuters, could squeeze foreign investors who take advantage of lower interest rates outside China. 15'
3. Some may find it especially difficult to fund projects as Beijing has told its banks to cut back on loans for the construction industry. The central bank ordered Chinese banks to stop lending for land purchases as far back as 2003. 20'
4. Property funds operating in China tend to borrow to fund at least 50 percent of a project's value. 10'
5. The circular, which the currency regulator sent to its local branches in early July but has not yet published on its Web site, also increases red-tape for foreign property investors. 15'
6. Investors seeking to bring capital into China to set up a real estate company must now go through a lengthy process of lodging documents with the Ministry of Commerce in Beijing -- not just with local branches of the ministry. 20'
7. "What we mean is very clear: First we are targeting foreign real estate firms that are illegally approved by local governments," a SAFE official told Reuters. 15'
8. China has applied a raft of measures to rein in property investment, including interest rate rises and rules to discourage construction of luxury homes. 15'
9. Some steps have specifically targeted foreign investors, who account for less than 5 percent of total investment in the property sector. Foreign investors must now secure land purchases before setting up joint ventures or wholly owned foreign enterprises in China. 25'
10. However, funds such as those run by global players ING Real Estate, Morgan Stanley and others are pouring more money than ever into China to tap a middle class hunger for new homes and rising capital values. 20'
11. China's urban property inflation rose to 7.1 percent in June from 6.4 percent in May. 10'
敬请关注:【一言一语】(有奖!) 一起做翻译 10
[ 本帖最后由 newage 于 2007-8-10 01:26 PM 编辑 ] |