注: 取材于各种外国媒体的时事言论与热点点评，多以财经新闻为主，合适有志于考研或国家笔口译证的童鞋们，能更好地接触到实用的金融财政类中英文。
本段资料来源于美国CNN政治频道，共三段。该新闻主持人的发言是针对美国信用被降级后，中国媒体舆论就中国购买美国国债对错与否问题。

---插播广告：本人目前正在备考人事英语二口，欢迎同道者站内交流^^，有其他疑问也可以站内我---
Hints:
Federal Reserve
U. S. Treasury
美式拼写

中文翻译点提示:
社会保障信托基金
美联储，或美国联邦储备
出口带动经济增长策略
储备货币
Let's start with the facts. China is indeed America's biggest foreign lender. It owns about $1. 2 trillion of debt, more than Japan, the U. K. and Brazil. A little known fact is that most of America's debt, $14. 3 trillion and counting, is actually owned by Americans in social security trusts, pension funds and by the Federal Reserve. But it is the marginal buyer that matters, so China is very important. Now, imagine that China were to sell off those $1. 2 trillion of U. S. Treasury bonds, or even a substantial portion of them. It's a huge hypothetical, but let's play out the disastrous chain of events that would happen if China began to divest. It would trigger panic selling of the dollar. That would, in turn, hurt the U. S. economy, which is China's number one export market. Not a good idea if you are the Beijing government trying to keep your workers occupied in factories across China, producing goods that Americans are going to buy. You see, China is addicted to a strategy of export-led growth, which requires that it keep its goods cheap, which means keeping its currency undervalued, which means buying U. S. dollars. But could China slow the purchase of, of American debt, even if it doesn't stop it altogether? Yes, but, even here, it has fewer options than people think. As China's export growth continues, it will have to keep adding to its foreign reserves, which are now $3. 2 trillion. So where can it park that money? Does it want to invest in Japanese debt and make the yen a reserve currency? Anyone who understands the deep animosity between China and Japan will see that this is unlikely.
从我们从事实说起。中国确实是美国最大的外国债权人。它拥有大约1.2万亿美元，这比日本、英国和巴西都多。鲜有人知的一个事实是其实美国极多部分债务（数额约为14.3亿美元而且还在增加中），其实债权人是美国公民，以社会保障信托基金、养老基金及联邦储备基金（美联储）等方式拥有。但是最重要的是边际购买者，所以中国重要性很大。 现在，让我们来想像一下假设中国即将抛售那1.2万亿美元的美国国债中的全部或颇大的一部分。这是一个大假设，但还是让我们罗列出假设中国开始变卖而可能产生的连锁灾难性事件。它将触发灾难性美元抛售，而将损害美国经济，这个中国的第一出口市场。假如你是北京政府，想方设法要把你的劳动力雇佣在工厂里，生产出产品来让美国人购买，那么这不会是一个好主意。你瞧，中国现在是沉溺于一种出口带动经济增长策略，这就要求保持其产品价格低廉，就意味着保持其货币被低估，就意味着购买美元。但是中国能否放缓购买美国国债，即使它不完全停止的话？当然可以，但是，即使这种处境中，它拥有的选择比人民想像中的要少。假如中国出口量继续增长，它必定非得继续增加其外汇储备（目前数额为3.2万亿美元）。那么它能把这些资金放在哪里呢？是否想投资日本国债，把日圆当成储备货币？任何清楚中日之间存在的深刻敌意都看到，这是不可能的。