Xing Fushan sells electric scooters in the suburbs of Beijing and understands little about high finance but has strong opinions about Chinese purchases of bonds issued by crisis-hit European countries.

　　邢福山（音）在北京郊區(qū)銷售電動摩托車，他對高級金融所知不多，但對中國購買深陷危機(jī)的歐洲國家的國債很有意見。

　　“China shouldn’t buy European bonds because the US can’t even pay their debt, so in the end, China will lose money,” the 30-year-old salesman says. “With so much money, wouldn’t it be nice if the government could do some real good things for the [Chinese] people?”

　　“中國不應(yīng)該去買歐洲債券，因為連美國也還不了債，到頭來中國會賠錢的，”這名30歲的推銷員表示。“政府有這么多錢，為（中國）老百姓做點真正的好事該多好啊。”

　　The idea that China might be willing or even able to bail out debt-laden Europe by purchasing huge amounts of potentially worthless bonds is one that elicits disdain from most parts of Chinese society.

　　中國可能愿意（或者甚至能夠）購買大量潛在分文不值的債券，從而為債臺高筑的歐洲紓困；這個構(gòu)想為中國社會的大部分所不齒。

　　“I don’t think any country can be saved by China in today’s world,” Li Daokui, a member of the monetary policy committee of China’s central bank, told a panel at the World Economic Forum in Dalian, China, on Wednesday. “Countries can only save themselves by pushing through reforms.”

　　“我認(rèn)為在當(dāng)今世界上，中國救不了任何國家，”中國央行貨幣政策委員會成員李稻葵周三在大連世界經(jīng)濟(jì)論壇上對一個討論小組表示。“相關(guān)國家只有通過推行改革，才能解救自己。”

　　China is now the second-largest economy, with a rapidly expanding military budget and a pile of foreign exchange reserves that is growing by more than $500bn a year and now exceeds $3,200bn, by far the largest in the world.

　　中國現(xiàn)在是全球第二大經(jīng)濟(jì)體，其軍費預(yù)算快速增加，還有迄今遙遙領(lǐng)先的全球最大外匯儲備。中國外匯儲備每年增加逾5000億美元，總量已超過3.2萬億美元。

　　But China is commonly referred to as fu guo qiong min, or rich country, poor people, in which the state and its various branches are rich and strong but the average citizen remains relatively poor and often lacks access to basic social services.

　　但中國常常被形容為“富國窮民”，即政府及其各個分支部門資金雄厚、實力強(qiáng)勁，而普通公民仍相對貧窮，往往得不到基本的社會保障。

　　To most citizens, it is ludicrous to suggest spending the foreign reserves, which are viewed by many as the “blood and sweat money” of the masses, to bail out decadent Europeans who only a few generations ago were trying to colonise the country.

　　對多數(shù)中國公民來說，花費被許多人視為老百姓“血汗錢”的外匯儲備，用來紓困僅僅幾代人之前還企圖殖民中國的頹廢的歐洲人，這個主意簡直是荒唐的。

　　Since the very beginning of the continent’s sovereign debt crisis, China has expressed “confidence” in Europe’s prospects repeatedly and on Wednesday, Wen Jiabao, the premier repeated this line, saying Beijing believed European economies would recover from the current turmoil eventually.

　　自歐洲大陸主權(quán)債務(wù)危機(jī)爆發(fā)以來，中國對歐洲的前景一再表示有“信心”，周三，中國總理溫家寶重申了這種說法，稱北京方面相信歐洲各經(jīng)濟(jì)體最終將從當(dāng)前的動蕩中復(fù)蘇。

　　“We have been concerned about the difficulties faced by the European economy for a long time, and we have repeated our willingness to extend a helping hand and increase our investment,” Mr Wen said at the opening of the WEF in Dalian.

　　“我們一直關(guān)注著歐洲經(jīng)濟(jì)的發(fā)展和遇到的困難。在歐洲一些國家發(fā)生主權(quán)債務(wù)危機(jī)、經(jīng)濟(jì)出現(xiàn)困難的時候，我們多次表示中國愿意伸出援助之手，繼續(xù)加大對歐洲的投資，”溫家寶在大連舉行的夏季達(dá)沃斯論壇開幕式上表示。

　　But for the first time in public he also made a direct link between China’s helpfulness and political concessions that Beijing has long demanded, not least that Europe grant China full “market economy” status.

　　但溫家寶也首次在公開場合將中國伸出援手與北京方面長期要求的政治讓步直接掛鉤，尤其是歐洲應(yīng)承認(rèn)中國的完全“市場經(jīng)濟(jì)”地位。

　　This is a technical definition that would benefit Chinese companies involved in trade disputes and under World Trade Organisation rules China is expected to be granted it automatically by 2016.

　　這是一個技術(shù)性的定義，它將有利于涉及貿(mào)易糾紛的中國企業(yè)，根據(jù)世界貿(mào)易組織(WTO)規(guī)則，中國預(yù)期將在2016年自動獲得完全市場經(jīng)濟(jì)地位。

　　“If EU nations can demonstrate their sincerity several years earlier, it would reflect our friendship,” said Mr Wen, who was hoping for a “breakthrough” on this topic at scheduled talks with EU leaders next month. “

　?。ㄈ绻麣W盟國家）早幾年表示出一種誠意，是一種朋友對朋友的友好關(guān)系，”溫家寶表示。他希望下個月與歐盟領(lǐng)導(dǎo)人會晤時在這個問題上取得“突破”。

　　EU officials say China does not meet many of the criteria to be designated a market economy and that Europe is unlikely to grant China this status early.

　　歐盟官員表示，市場經(jīng)濟(jì)體的許多標(biāo)準(zhǔn)中國都達(dá)不到，歐洲不太可能提早給予中國這一地位。

　　In what was perhaps a nod to the popular sentiment expressed by Mr Xing the scooter salesman, Mr Wen also signalled that China was not about to rush to the rescue of rich countries embroiled in debt crises of their own making.

　　溫家寶還暗示，中國不會急于救助那些深陷自己釀成的債務(wù)危機(jī)的富國，這可能是在認(rèn)同前述那位摩托車推銷員所表達(dá)的民眾情緒。

　　“Countries should fulfil their responsibilities and put their own houses in order,” Mr Wen said. “Developed countries must undertake responsible fiscal and monetary policies.”

　　“各國政府要真正承擔(dān)起責(zé)任，把自己的事情做好，”溫家寶表示。“主要發(fā)達(dá)經(jīng)濟(jì)體要采取負(fù)責(zé)任、起作用的財政、貨幣政策。”

　　Mr Wen’s words will come as a disappointment to the governments of European countries battling sovereign debt crises, who have been lobbying Beijing to use some of its reserves to buy bonds that are increasingly being shunned by the market.

　　溫家寶的言論將使正在艱難應(yīng)對主權(quán)債務(wù)危機(jī)的歐洲國家政府失望，這些國家近期一直在游說北京方面動用一部分外匯儲備，購買在市場上日趨遭到冷遇的債券。

　　On Monday, the Financial Times reported that Italian officials had met managers of the reserves and proposed significant increases of Chinese purchases of Italian bonds, as well as a number of direct investments in Italian industry.

　　英國《金融時報》周一曾報道，意大利官員已經(jīng)與中國外匯儲備的掌門人會面，提議中國大舉增加購買意大利債券，并對意大利工業(yè)進(jìn)行一系列直接投資。

　　However, analysts and European officials say China’s actual purchases of Greek, Portuguese, Spanish and Italian bonds have been quite limited and its Euro-denominated foreign reserves are overwhelmingly invested in much safer German debt.

　　不過，分析師和歐洲官員們表示，中國對希臘、葡萄牙、西班牙和意大利債券的實際購買量迄今相當(dāng)有限，中國外匯儲備中的歐元資產(chǎn)主要是安全系數(shù)高得多的德國債務(wù)。

　　“There’s a general belief in the market that China has been a big buyer of “ German bonds and less of a buyer of periphery debt,” according to Stephen Green, chief China economist at Standard Chartered bank.

　　“市場上的普遍看法是，中國一直是德國債券的大買家，而對歐元區(qū)外圍國家債務(wù)的購買量不那么大”渣打銀行(Standard Chartered bank)大中華區(qū)首席經(jīng)濟(jì)學(xué)家王志浩(Stephen Green)表示。

　　European officials also acknowledge that Beijing is trying to extract maximum political advantage from any bond purchases it does make.

　　歐洲官員還承認(rèn)，北京方面每次買入債券時，都試圖獲取最大的政治優(yōu)勢。