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Rpsh Posted 12 years ago
Vocabulary
in favour of
They hope it can improve China’s financial system, which lacks both depth and respected regulators. In particular they hope to force banks to compete for savings in a system that at present, by keeping deposit rates low, penalises small savers in favour of big state-owned corporate borrowers, and has inflated a property bubble.
This phrase means supporting. But in the above paragraph, I feel confused. It means that the system penalises the small savers, by keeping deposit rates low, to support the SOC borrowers. Or the system penalises the small savors who support the SOC borrowers? And this confusion lead to a problem ultimately that what causes the property bubble? The system, the small savors, or the SOC borrowers?
Could you answer the question?
This phrase means supporting. But in the above paragraph, I feel confused. It means that the system penalises the small savers, by keeping deposit rates low, to support the SOC borrowers. Or the system penalises the small savors who support the SOC borrowers? And this confusion lead to a problem ultimately that what causes the property bubble? The system, the small savors, or the SOC borrowers?
Could you answer the question?
Top answer
The system penalises small savers. The system favours large corporate borrowers. Both these effects are said to be a consequence of low interest rates.
- The system penalises small savers.
- The system favours large corporate borrowers.
- Both these effects are said to be a consequence of low interest rates.
- The system has inflated a property bubble.
- It would probably be understood that this also is a consequence of low interest rates, though the wording does not say this in a completely clear-cut way.
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2 Answers
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The system penalises small savers. The system favours large corporate borrowers. Both these effects are said to be a consequence of low interest rates.
The system has inflated a property bubble. It would probably be understood that this also is a consequence of low interest rates, though the wording does not say this in a completely clear-cut way.
The system has inflated a property bubble. It would probably be understood that this also is a consequence of low interest rates, though the wording does not say this in a completely clear-cut way.
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