Question

帮忙翻译一下以下英文

The Chinese market also demands REITs to help reduce risk to banks. In 2007 and before, in competing for real estate loans, Chinese commercial banks’ local branches loosened credit requirements in order to expedite loan approvals for development projects and commercial mortgage loans. This unfortunate industry development exposed commercial banks to high default risks, especially in the event of a real estate downturn. As the global credit crisis unwinds, there are signs that this slackening of lending standards is coming back to haunt Chinese banks. Real estate-related loans make up fully 19 percent of Chinese bank lending; while this pales in comparison to the50 percent in the USA, it is still significant. Hence, REITs can play an important role in stabilizing Chinese capital markets.

Answer 1

中国市场也需要房地产投资信托基金，以帮助减少银行风险。在2007年之前，在房地产贷款的竞争，中国的商业银行的地方分支机构放松信贷要求，以加快发展项目和商业抵押贷款的贷款审批。这个不幸的产业发展高违约风险暴露商业银行，尤其是在房地产低迷的事件。随着全球信贷危机开卷，有迹象表明，这种贷款标准的放松回来困扰着中国的银行。房地产相关贷款弥补了全中国的银行贷款的19％;而这the50％的美国相比，就显得微不足道了，它仍然是显着的。因此，房地产投资信托基金可以发挥重要的作用，中国资本市场的稳定。