Chinese company profits are collapsing like its 2020 again

（中國企業盈利正重演2020年的崩盤）

【摘要2022-10-26自由】◎管淑平

China is suffering one of its worst earnings recessions on record as Beijing’s zero-Covid policy and a real estate crisis take their toll on the country’s listed companies.

由於北京的「清零」政策以及房地產危機造成該國上市公司的損失，中國正遭遇有紀錄以來一次最嚴重的盈餘衰退。

More than 4,800 Chinese companies listed in Shanghai, Shenzhen and Beijing have now released their earnings for the first half of the year. It was a bloodbath.

在上海、深圳和北京掛牌上市的4800多家中國企業已經公布今年上半年的營利。這是一場大屠殺。

As many as 53% posted a decline in net profit, according to data from Wind and Choice, two major financial information services in the country.

根據中國2家主要金融資訊服務公司「萬得」和「東方財富Choice」的數據，多達53％的企業通報淨獲利衰退。

That was almost as bad as 2020, when companies posted their worst earnings season on record as the country came to a near standstill during the initial coronavirus outbreak. Back then, 54% of listed companies saw their profit drop in the first six months.

這幾乎與2020年一樣糟，當時中國在新冠病毒疫情爆發初期幾乎停擺，企業發佈有紀錄以來最糟糕的財報季。那時候，54％的上市公司前6個月的盈利下降。

新聞辭典

take a/its toll on：片語，因為某事造成負面影響。例句：The stress has taken its toll on his health.（壓力已經對他的健康造成負面影響。）

bloodbath：名詞，大屠殺；相當嚴重或慘烈的情況。例句：We should take actions to stop this bloodbath.（我們應該採取行動阻止這場大屠殺。）

collapse：動詞，（突然地）大幅下跌；崩潰；失敗。例句：The peace talks have collapsed.（和談已經破裂。）

The Lake of Kings

湖中之王：國王湖

【摘要2022-10-26壹蘋】

The lake is located on the border between Germany and Austria. It is nearly eight kilometers long and almost two kilometers across at its widest point. It is surrounded by peaks that seem to shoot out of the waters of the lake itself. The mountains produce an interesting effect — a long, lasting echo. A tradition on the lake is to play a flugelhorn or a trumpet and listen to the notes bounce off the rock face.

這座湖坐落於德國與奧地利的邊境。它將近八公里長且最寬處近兩公里。它被貌似從湖水本身噴發而成的群峰環繞。這些山產生了有趣的效果─一個悠長且持久的回音。在湖上，有一項傳統是吹奏柔音號或是小號，並聆聽音調從岩石表面反彈回來。

生活必備字詞：
border n. 國界；邊緣
effect n. 效果；影響
echo n. 回音& vi. （聲音）迴盪，迴響

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