[시사영어 2023-08-01] 중국 디플레이션 장기화 조짐

While Everyone Else Fights Inflation, China Deflation Fears Deepen

중국의 디플레이션 공포는 깊어지고 있다

 

 

Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling into an economic trap it could find hard to escape.
디플레이션의 징조가 널리퍼지고 있다. 추가적인 압력을 가중시키고 있다./ 베이징에 / 재점화하다 성장에 또는 위험을 감수하던가 / 빠지던가 경제 덪에 / 빠져나오기 어렵다고 생각하는

prevalent = 널리퍼진, 만연한
heap = 쌓다, 쌓아올리다
reignite = 재점화하다, 다시 불붙이다

 

While the rest of the world tussles with inflation, China is at risk of experiencing a prolonged spell of falling prices that—if it takes root—could eat into corporate profits, sap consumer spending and push more people out of work.

 

tussle = (특히 무엇을 차지하기 위해)몸싸움을 벌이다, 드잡이를 하다

eat into = (돈, 시간을) 축내다 / (무엇의 표면을) 부식시키다

prolonged spell 장기간에 걸친

sap = 악화시키다, 차츰 무너뜨리다

 

 

The risk for China is that deflation proves more persistent than expected. Falling prices tend to squeeze spending as consumers await a better deal tomorrow, reinforcing a downward spiral.

 

prove = 입증하다, 드러나다, 입증해 보이다

persistent  = 끈질긴, 집요한

squeeze = (재정적으로) 압박하다, (액체를) 짜내다, (억지로)비집고 들어가다

downward = 하향의, 아래쪽으로 내려가는

spiral = 소용돌이, 나선, 나선형의

 

 

The longer it lasts, the more severe its effects become. Entrenched deflation means debts become harder to bear as profits and incomes fall. Companies shed workers to fatten shrinking margins.

 

entrenched = 견고한, 확립된

debts = 빛, 부채

bear = 참다, 견기다

shed = 없애다, 떨어뜨리다

fatten = 살찌우다, 살찌다

 

But data show Chinese companies are reluctant to take on new debt to expand production, while droves of homeowners are choosing to repay mortgages early. Both are signs of weak demand for loans, muffling the effectiveness of interest-rate cuts.

 

reluctant = 꺼리는, 마지못한, 주저하는

drove 무리, 떼
muffle 덮다, 감싸다, (소리를) 죽이다

interest-rate cuts = 금리 인하

 

“Deflation is particularly dangerous when there’s a lot of debt.”

 

 

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While Everyone Else Fights Inflation, China Deflation Fears Deepen.

 

Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling into an economic trap it could find hard to escape.

 

While the rest of the world tussles with inflation, China is at risk of experiencing a prolonged spell of falling prices that—if it takes root—could eat into corporate profits, sap consumer spending and push more people out of work.

 

The risk for China is that deflation proves more persistent than expected. Falling prices tend to squeeze spending as consumers await a better deal tomorrow, reinforcing a downward spiral.

 

The longer it lasts, the more severe its effects become. Entrenched deflation means debts become harder to bear as profits and incomes fall. Companies shed workers to fatten shrinking margins.

 

But data show Chinese companies are reluctant to take on new debt to expand production, while droves of homeowners are choosing to repay mortgages early. Both are signs of weak demand for loans, muffling the effectiveness of interest-rate cuts.

 

“Deflation is particularly dangerous when there’s a lot of debt.”