一、 BlackRock roars back with best first quarter in four years
- BlackRock 黑石集团（美国一家债券基金管理公司）
- roar back: if a competitor or team that was losing roars back, they start performing much better – used in sports reports〔比赛中落后的一方〕重振旗鼓〔用于体育报道〕
- turn a/the corner: to pass a very important point in an illness or a difficult situation and begin to improve （患病时期）转危为安，脱离危险，好转；渡过难关；脱离困境
BlackRock entrenched its position as the world’s biggest fund manager as assets at the New York-listed group hit $6.5tn on the back of strong market returns and modest investor inflows in the first three months of the year.
- entrench one's position as 巩固……地位
- on the back of 由于某事物〔指已存在的某物或已做成的某事〕 →c.f. on the backs of 依靠某人〔指依靠从中得不到好处的某一群体〕
- U-turn 180度转弯;（政策、行为上令人尴尬的）彻底转变，180度大转变
- ombudsman 政府巡查员（政府处理民众诉愿的官员）
The case was initially brought against Mastercard in 2016 amid claims it allegedly infringed on EU competition law and imposed high card charges that were ultimately passed on to shoppers over a 16-year period ending in 2008.
- infringe on 侵犯；侵害；破坏
Flip-flopping between growth and debt targets weakens positive feedback loop
- flip-flopping 剧变 （U-turn; backflip)
Thanks to China, commodity prices started to rise in early 2016 after more than four years of decline, and global trade growth started to pick up in the middle of 2016, following a disastrous period in which the growth rate of global trade had fallen below the growth rate of world gross domestic product.
- pick up (贸易、经济) 改善
China’s dilemma is this: it has GDP targets, and it has financial stability targets, but because of the credit-dependent nature of China’s growth model, it can’t reach those targets simultaneously. Increasing GDP implies rising indebtedness, which creates financial vulnerability; and increasing financial stability requires deleveraging, which threatens GDP.
A second reason is related to the fact that China is becoming an increasingly consumption-driven economy: the old investment and export led model is creaking, giving way to a greater reliance on the Chinese consumer.
- creak 因负担过重而效率低下；由于压力过大而运转不灵
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