VOA标准英语2011--EU Bailout Chief: No Immediate Deal in China

EU Bailout Chief: No Immediate¹ Deal in China

 

The head of Europe's bailout fund says he expects China to continue buying European bonds. But he had no immediate deal to announce during his visit Friday to Beijing.

Klaus Regling, the chief executive of the European Financial Stability Facility (EFSF), says China already is an important investor² in the fund.

"The foreign exchange reserves of China go up every month, therefore there is need for investment," said Regling. "That's also my experience, talking to the Chinese authorities, that they are interested in finding attractive, solid, safe investment opportunities. And I am happy that EFSF bonds have been considered to be in that category in the past, and therefore, I am optimistic that we will have also a longer-term relationship because we will continue to provide safe, attractive investment opportunities."

Regling was in Beijing one day after Eurozone countries reached a deal to cope with the EU debt crisis.

China's vice³ finance minister Zhu Guangyao described his meeting with the European official as an opportunity for both sides to exchange views, although he said Beijing has concerns with the so-called "special purpose vehicle" that will be set up to aid the European bailout.

Klaus Regling, chief executive of the European Financial Stability Facility, arrives for a press conference in Beijing, China, October 28, 2011.

Zhu asked how much the European Financial Stability Facility contribute to this "vehicle," and what the composition of its debt portfolio⁴ will be. He also questioned whether investment in the new vehicle would be guaranteed by the stability fund.

Zhu says China wants to wait for the technicalities to be clear before it decides on whether to invest.

Frank Yu is assistant finance professor at the China Europe International Business School in Shanghai. He says China sees any contributions it makes to the European bailout as business investments, not donations.

"China can wait a little bit, and wait for the more favorable terms to show up," said Yu. "And then maybe they will pick some investment to do, but they are not obligated to do all of them and are very likely, even when they do, they want guarantees from big organizations, like the European central banks."

Yu says China is not accountable to the people of Europe, and in the end, will do what is best for its own people.

Chinese vice finance minister Zhu said he expects the European stability fund to continue canvassing⁵ a wide range of potential investor opinion before it is expected to announce more details at a meeting early next month.

1 immediate   

adj.立即的；直接的，最接近的；紧靠的

参考例句：

• His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
• We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。

2 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

3 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

4 portfolio   

n.公事包；文件夹；大臣及部长职位

参考例句：

• He remembered her because she was carrying a large portfolio.他因为她带着一个大公文包而记住了她。
• He resigned his portfolio.他辞去了大臣职务。

5 canvassing   

v.（在政治方面）游说( canvass的现在分词 )；调查（如选举前选民的）意见；为讨论而提出（意见等）；详细检查

参考例句：

• He spent the whole month canvassing for votes. 他花了整整一个月四处游说拉选票。
• I'm canvassing for the Conservative Party. 我在为保守党拉选票。 来自辞典例句