报告显示 美国投行看好中国股市

 　　The likelihood of a new bull run in China's A-share market has increased as the country is believed to be capable of managing its debt problem and avoiding financial shocks, US investment bank Morgan Stanley said in a report.

　　美国投行摩根士丹利在一份报告中称，中国被认为有能力解决其债务问题、避免金融震荡，因此中国A股市场再度进入牛市的可能性增强。

　　The bullish sentiment was based on its positive views about China's ability to rebalance its economy, address the issue of the rapid debt buildup.

　　看涨的情绪是基于其对中国重新平衡经济、解决迅速增长的债务的问题的能力的积极看法。

　　China's high level of savings¹ and its strong net asset positions, both domestically and externally, provide adequate buffers² against financial shocks, analysts³ at Morgan Stanley said in the report.

　　摩根士丹利的分析师们在报告中称，中国的高储蓄水平和在国内外强大的净资产头寸为抵御金融震荡提供了充分的缓冲。

　　The bank said that the A-share market can enter a new bull market as domestic investors⁴ rotate from property and bonds back into stocks. The bank forecast the benchmark Shanghai Composite Index will reach 4,400 points this year.

　　该投行表示，随着国内投资者从地产和债券重新转向股票，A股市场有可能进入新一轮牛市。该投行预计，基准指数上证综指今年将达到4400点。

　　The index dropped slightly by 0.15 percent to 3,212.99 points, following a 3.5 percent rally in the past month.

　　该指数继上个月3.5%的反弹之后，本月报收3212.99点，小幅下跌0.15%。

　　But some analysts said that it is too early for investors to turn bullish toward A shares as it remains⁵ difficult to say whether the ongoing⁶ stabilization⁷ of the economic growth is sustainable.

　　但也有分析人士表示，投资者过早转向A股为时过早，因为经济增长的稳定是否可持续还很难说。

1 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。

2 buffers   

起缓冲作用的人（或物）( buffer的名词复数 )； 缓冲器； 减震器； 愚蠢老头

参考例句：

• To allocate and schedule the use of buffers. 分配和计划缓冲器的使用。
• Number of times the stream has paused due to insufficient stream buffers. 由于流缓冲区不足导致流程暂停的次数。

3 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

4 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

5 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

6 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

7 Stabilization   

稳定化

参考例句：

• The position of barycentre on plane directly impacts the stabilization and manipulation of plane. 飞机重心位置直接影响飞机的稳定和操纵特性。
• With the higher olefins, stabilization of the energetic intermediates occurs more easily. 在较高的烯烃情况下，高能的中间物稳定作用更易出现。