Overview of the Banking Industry in China
I.The Role of the Banking Sector in China
Paragragh 5 (P1)
1.Fourth, the banking sector provides the indispensable national payments mechanism for the development of modern financial and business systems.
第四，銀行部門為現(xiàn)代財(cái)政和企業(yè)體制的發(fā)展提供必要的國(guó)家支付體系。
(1)the indispensable national payment mechanism：必要的國(guó)家支付體系
indispensable：a．不可缺少的；絕對(duì)必要的
mechanism: n.way in which sth works or is constructed：機(jī)制；結(jié)構(gòu)
例：competitive mechanism：競(jìng)爭(zhēng)機(jī)制
exchange rate mechanism：匯率機(jī)制
market mechanism：市場(chǎng)機(jī)制
price mechanism：價(jià)格機(jī)制
mechanism of exchange：交易機(jī)構(gòu)
mechanism of government：政府機(jī)構(gòu)
(2)modern financial and business systems：現(xiàn)代財(cái)務(wù)制度和工商企業(yè)體系 Paragragh 6
2.Fifth, the banking system as a whole reduces risks through aggregation and enables them to be carried by those more willing to bear them.
整個(gè)銀行體系采用集中風(fēng)險(xiǎn)的手段來降低風(fēng)險(xiǎn)，使那些更原意承擔(dān)風(fēng)險(xiǎn)的人去承擔(dān)風(fēng)險(xiǎn)。
(1)aggregation: n.聚集；匯集（風(fēng)險(xiǎn)）
aggregate: v.bring or come together in a mass聚集；匯聚
them:此處指“風(fēng)險(xiǎn)”
carry them (risks):負(fù)擔(dān)（具有）風(fēng)險(xiǎn)
carry: v. involve;entail:具有；使負(fù)擔(dān)
例：The loan carries 3.5% interest.該貸款負(fù)擔(dān)百分之三點(diǎn)五的利息。
(2)(those persons) (who are) more willing to bear them:更原意承擔(dān)風(fēng)險(xiǎn)的（那些人）
由(who are) willing to bear them定語(yǔ)從句（簡(jiǎn)化為分詞短語(yǔ)）修飾前面的those (persons)。
bear: v.endure承擔(dān)；忍受
Paragragh 7
3.Following five decades of evolution, particularly more than two decades of reform and opening to the outside world, China's banking sector has entered a stage of vigorous development.
中國(guó)銀行業(yè)經(jīng)過50年的發(fā)展，特別是經(jīng)過20多年的改革開放，已經(jīng)進(jìn)入了一個(gè)蓬勃發(fā)展的階段。
(1)decade: n.period of ten years:十年的期間
(2)evolution: n.process of opening out or developing:發(fā)育；發(fā)展
(3)reform and opening to the outside world:改革開放
I.The Role of the Banking Sector in China
Paragragh 5 (P1)
1.Fourth, the banking sector provides the indispensable national payments mechanism for the development of modern financial and business systems.
第四，銀行部門為現(xiàn)代財(cái)政和企業(yè)體制的發(fā)展提供必要的國(guó)家支付體系。
(1)the indispensable national payment mechanism：必要的國(guó)家支付體系
indispensable：a．不可缺少的；絕對(duì)必要的
mechanism: n.way in which sth works or is constructed：機(jī)制；結(jié)構(gòu)
例：competitive mechanism：競(jìng)爭(zhēng)機(jī)制
exchange rate mechanism：匯率機(jī)制
market mechanism：市場(chǎng)機(jī)制
price mechanism：價(jià)格機(jī)制
mechanism of exchange：交易機(jī)構(gòu)
mechanism of government：政府機(jī)構(gòu)
(2)modern financial and business systems：現(xiàn)代財(cái)務(wù)制度和工商企業(yè)體系 Paragragh 6
2.Fifth, the banking system as a whole reduces risks through aggregation and enables them to be carried by those more willing to bear them.
整個(gè)銀行體系采用集中風(fēng)險(xiǎn)的手段來降低風(fēng)險(xiǎn)，使那些更原意承擔(dān)風(fēng)險(xiǎn)的人去承擔(dān)風(fēng)險(xiǎn)。
(1)aggregation: n.聚集；匯集（風(fēng)險(xiǎn)）
aggregate: v.bring or come together in a mass聚集；匯聚
them:此處指“風(fēng)險(xiǎn)”
carry them (risks):負(fù)擔(dān)（具有）風(fēng)險(xiǎn)
carry: v. involve;entail:具有；使負(fù)擔(dān)
例：The loan carries 3.5% interest.該貸款負(fù)擔(dān)百分之三點(diǎn)五的利息。
(2)(those persons) (who are) more willing to bear them:更原意承擔(dān)風(fēng)險(xiǎn)的（那些人）
由(who are) willing to bear them定語(yǔ)從句（簡(jiǎn)化為分詞短語(yǔ)）修飾前面的those (persons)。
bear: v.endure承擔(dān)；忍受
Paragragh 7
3.Following five decades of evolution, particularly more than two decades of reform and opening to the outside world, China's banking sector has entered a stage of vigorous development.
中國(guó)銀行業(yè)經(jīng)過50年的發(fā)展，特別是經(jīng)過20多年的改革開放，已經(jīng)進(jìn)入了一個(gè)蓬勃發(fā)展的階段。
(1)decade: n.period of ten years:十年的期間
(2)evolution: n.process of opening out or developing:發(fā)育；發(fā)展
(3)reform and opening to the outside world:改革開放