Eric was caught in a financial
crunch.
埃里克陷入财政危机。
There was a
crunch as she bit the apple.
在她咬苹果时，发出嘎扎一响。
Lisa
crunched her apple noisily.
丽萨吃苹果发出嘎嚓嘎嚓的声音。
Peng also highlighted the central SOEs' role in tackling the rare energy crunch that the country faced in 2021.
彭还强调了中央国有企业在应对2021年中国面临的罕见能源危机中的作用。
The company says clean energy accounts for about 96 percent of its total output, another step toward its goal of building a world-class clean energy group while contributing to the country's energy security amid a power crunch in some parts of the nation.
该公司表示，清洁能源约占其总产量的96%，这是朝着建设世界级清洁能源集团的目标迈出的又一步，同时在国家某些地区电力紧张的情况下为国家的能源安全做出贡献。
Such moves will further disrupt global supply chains, which are already struggling with a protracted semiconductor supply crunch, experts said.
专家表示，这些举措将进一步扰乱全球供应链，这些供应链已经在与旷日持久的半导体供应紧缩作斗争。
Clean energy accounts for about 96 percent of the total output of Three Gorges Corp, representing another step toward its goal of building a world-class clean energy group while contributing to the country's energy security amid a power crunch in some parts of the nation, the company said.
三峡公司表示，清洁能源约占总产量的96%，这标志着该公司朝着建设世界级清洁能源集团的目标迈出了又一步，同时在全国部分地区电力紧张的情况下为国家能源安全做出贡献。
Amid concerns over a liquidity crunch, the listed companies of China Evergrande Group announced early in August that it was in discussions with potential independent investors to sell its stake in its electric car and property management units.
On Aug 10, listed companies belonging to the Evergrande group announced they were in talks with potential independent investors for stake sales relating to the electric car and property management units as concerns arose over a liquidity crunch.
Amid concerns over a liquidity crunch, the listed companies of China Evergrande Group made announcements earlier in August saying that the group was in discussion with potential independent investors to sell its stakes including its electric car and property management units.
About 1.05 billion yuan will be used for research and development of graphic processing units, or GPUs, which can crunch large amounts of data rapidly and support artificial intelligence, machine learning and blockchain technologies.
But it ran into a cash crunch in late 2016 after expanding too fast.
It also will step up efforts to offer loans to merchants who are facing a cash crunch, and the interest rate is 50 percent lower than other on-demand food delivery and services platforms.
Some media stories have reported that since the third quarter of 2019, the "cash crunch" for these firms has been aggravated in the primary market.
Given the "cash crunch", the shadow of "layoffs" has always been there.
At least in recent years, there will be continued caution from capital, which also means that after the epidemic, the "cash crunch" will still exist.
A similar cash crunch problem may also haunt Ofo, said Lu Zhenwang, CEO of Wanqing Consultancy.
BOCOM International Strategist & Head of Research Hong Hao, however, said Xiaomi's valuation may be too high for the market to absorb the mega-sized deal, especially given that the city's equity market has suffered a monthslong liquidity crunch.
It is easy for Sun to gain back the loss from other businesses and it is not necessary for him to trap himself in Leshi's cash crunch," said Shen Meng, a director of boutique investment bank Chanson& Co. "We don't exclude the possibility that Leshi will introduce new investors and new capital will be injected into the company.
Ofo Inc has mortgaged part of its bicycle fleet to companies affiliated with Alibaba Group Holding Ltd to raise 1.76 billion yuan ($278 million), as the Chinese bike-sharing startup works hard to solve its reported cash crunch.
The situation was even gloomier for Chen Yifei, founder and chief operating officer of a medical device company in Shanghai, when a credit crunch hit.
Founded in 2004, LeEco started as a Netflix-style video streaming service provider, but it rapidly grew into a tech heavyweight with a presence in smartphones, TVs, sports, media and electric cars, but ran into a cash crunch since late 2016 after expanding too fast.
"I think Jia does not dare to return because he still couldn't pay the huge amounts of debt and dissolve the cash crunch, and will bear legal responsibilities if he comes back.
"In consultation with the City of Sydney, we've heard that there was a real crunch on availability of public transport.
However, the new appointment has come as LeEco continues to struggle with a cash crunch.
[Photo/Xinhua]Chinese actress Gan Wei is better known as the wife of Jia Yueting, founder of Chinese internet company LeEco, which was once a successful tech story but now faces a severe cash crunch.
The move came as LeEco continues to struggle with cash crunch and unpaid debt, which has prompted a local court to freeze almost all of Jia's shares in Leshi, the Shenzhen-listed unit.
The cash crunch worsened in recent months, although the company managed to raise a 16.8 billion yuan investment from real estate developer Sunac China Holdings and other investors at the beginning of the year.
The incident highlights that LeEco's cash crunch is far worse than previously expected and is likely to further weigh on the business of its listed video-streaming unit Leshi Internet Information and Technology Corp, analysts said on Tuesday.
[Photo/Agencies]The founder of Chinese internet giant Leshi, also known as LeEco, has stepped down as the legal representative of the company, as the tech conglomerate continues to struggle with a cash crunch.
[Photo/Agencies]Chinese multinational conglomerate LeEco is not only facing a "far worse than expected" cash crunch, its assets have also been frozen by a Shanghai court.
During last week's shareholder meeting, Jia admitted that the company's cash problems were "far worse than expected," saying that funds raised in recent months were not enough to help the Chinese technology conglomerate ride out the crunch.
The challenges include the slowdown of global economic growth, the cost-of-living crisis, supply chain disruptions, the energy crunch, geopolitical conflicts, the COVID-19 pandemic and the climate crisis.
Foxconn declined to disclose the status of its Chengdu plant operations but said the impact of the power crunch was "not big".
Combined with global energy crunch and shutdown of factories in many European countries, these factors have made Chinese goods more attractive in the world, Wei said.
That, together with global energy crunch and shutdown of factories in many European countries, have pushed up popularity of Chinese goods, according to Wei.
Over the long term, the conflict will cause substantial damage to Russian and Ukrainian exports, intensify the global commodity supply crunch due to the pandemic and push prices even higher.
"The tax refund policies should be extended to many more sectors that were hit severely during recent rounds of COVID-19 outbreaks, particularly in the service sector, to alleviate their liquidity crunch and tide them over tough times.
Against such a backdrop, real estate enterprises are still suffering from a liquidity crunch.
There has also been a faster-than-expected slowdown in the property market, posing a threat to the country's financial stability, along with a shortage of semiconductors, and an energy crunch that hampered industrial production.
Dong Xiaoyu, a senior expert at Zhongguancun Development Group, said the current difficulties faced by SMEs are caused by multiple factors, including COVID-19, rising raw material prices, high cost of logistics, insufficient orders and the electricity crunch in some parts in China.
Dong Xiaoyu, a senior expert at Zhongguancun Development Group, said the current difficulties faced by SMEs are affected by multiple factors including soaring raw material prices and freight costs and the power crunch in some parts of the nation.
Average daily coal production reached 11.66 million tons from Nov 1 to Nov 5China's tight energy supply situation will gradually ease this winter and next spring following the government's intensified efforts to boost coal supplies and cool skyrocketing prices amid a power crunch in some parts of the nation, industry experts said.
Then I consumed the news－how recent extreme weather in some regions combined with factors like COVID-19 resurgence in some areas and energy crunch to send vegetable prices soaring.
Coal woes, power crunch give jitters, but policy steps set to steady growth expectationsThis year's runaway coal prices in China sparked by the commodity's shortages, the attendant fears about possible power shortages during the winter/heating season, and potential implications for the economy, are not only giving the markets the jitters but raking up bitter memories of last year.
The coal shortage ultimately led to China's recent power crunch and electricity rationing in some regions.
While China will continue to push for high-quality and greener development, some policy fine-tuning is likely to come, including temporary easing of carbon emission controls and refining of policy enforcement with differentiated implementation to avoid sharp energy crunch, given the rising downward growth pressure and some "campaign-style "practices of local governments, said Wang Tao, chief China economist at UBS.
China posted stable economic growth for the first three quarters of this year, staying on track to meet its annual growth target despite multiple challenges, including a power crunch and a resurgence of COVID-19 cases.
"Many central and coastal regions have experienced power crunch to different extents but expanding or building new coal power may risk the national carbon targets," he said.
Zhu said the sluggish growth was partly due to a sudden "liquidity crunch" for private businesses in the first half of last year due to the pandemic.
He said the pickup in home sales has helped ease the liquidity crunch faced by real estate developers.
"To crunch all that data — it is not in megabytes, gigabytes or even terabytes but petabytes, where 1 PB equals 1 billion MB — AI and big data tech are essential, Wang said.
"China has kept its pace in developing nonfossil energy, despite the global energy crunch last year, even as many European countries resorted to coal-fired power generation," he said.
As the world is still grappling with a prolonged chip supply crunch, a report from South Korean media exacerbated concerns that a geopolitically motivated chip alliance will further split the global semiconductor industry chain, harming the interests of thousands of enterprises.
Splitting the global semiconductor sector to stifle Chinese mainland's chip development will only worsen such a chip supply crunch and Washington should not turn a blind eye to the collateral damage that could be forced upon its economy, as has already been shown in its automotive industry.
"However, the supply crunch also forced many companies to think about services, and this is likely going to play a key role in the wearables market.
Experts see crunch easing a bit this year despite digital transformation, COVID-19The global chip shortage is likely to last throughout this year, experts said.
Wang Xiang, president of smartphone-maker Xiaomi, said earlier the chip crunch is likely to be eased significantly in the second half of this year, based on the company's communication with supply chains.
Sectors still on healthy track as nation's previous stabilizing efforts pay offIndonesia's decision to ban coal exports in January may have a limited impact on its biggest customer, China, as the country took effective measures to boost domestic coal output and production since a power crunch last year, analysts said.
The Chinese economy has quickly bounced back from the setback of an energy crunch that caught the world off guard amid the continuous fight against COVID-19 in 2021.
China Southern Power Grid has maintained stability in power supply and consumption in its regions of operation amid a power crunch in some parts of the nation by stepping up energy supply and implementing supply and consumption plans, the company said on Wednesday.
With China's major oil and gas companies actively shoring up gas supply for the coming winter-spring heating season, analysts said a supply shortage is unlikely this year despite a recent power crunch in parts of the country.
Against such a backdrop, the credit quota for mortgage loans and development loans should be increased to ease their liquidity crunch and help restore confidence in the sector.
However, last year's gas-supply crunch was less severe than that seen in 2017, as national oil companies had moved some long-term contract deliveries to the winter to close the gap, according to the report.
"The preferential tax policies helped ease our financial crunch, enabling us to focus on increasing production, which in turn empowered us to build factories overseas," said Yang.
Some developers might put their residential projects on sale to ease off their credit crunch.
In early February, it began hiring from restaurants and retail chains big and small that were riddled with idle or excess manpower as well as a capital crunch.
Most of the respondents in a survey conducted among 622 tea growing and trading companies, accounting for 10.9 percent of the total tea companies in Guizhou, said liquidity crunch, transportation difficulties after the Spring Festival holiday, lower market demand, shortage of prevention materials, rising production costs, and disruption of supply chains were the main factors preventing them from resuming work on time.
A natural gas supply crunch is unlikely to happen nationwide in the 2019-20 heating season, due to a slower increase in natural gas consumption, and strengthened supply capabilities arising from continuous domestic production growth, increased imports, and improved gas infrastructure, industry insiders said.
"It is highly possible that this winter will be relatively warm due to the El Nino phenomenon, and the switch from coal to gas for heating in northern China has been carried out smoothly without haste, which all help ensure the balance between gas supply and demand," she said, adding that the gas crunch in 2017 was largely worsened by an unexpected sharp decrease in overseas supplies.
"Home developers are under great pressure exerted by a capital crunch at the moment, and they are tending to lower prices to strengthen their capital flows," said Yan Yuejin, director of Shanghaibased E-house China Research and Development Institution.
This year's growth is chiefly driven by China's vast market demand, and a global supply crunch in chips has also improved chip prices, he said.
According to him, this year's growth is chiefly driven by China's vast market demand, and a global supply crunch of chips has also improved chip prices.
The chip crunch first began to bite in late 2020.
The auto industry began to feel the pinch of the chip crunch in late 2020.
LeTV faced a severe cash crunch in 2017.
Job action starts to affect auto dealers, who are running low on parts for routine repairsAuto dealers and customers across the nation are feeling the crunch of the continuing United Auto Workers (UAW) strike against General Motors, as parts for routine repairs are becoming increasingly difficult to find.
While several factors have contributed to the slump, a deepening liquidity crunch among India's shadow banks that lend to the companies, dealers and car buyers has been the biggest single factor hurting sales.
Musk was reportedly seeking volunteers to drive Tesla cars to destinations such as shipping points, but said he did not expect the delivery crunch to recur in future quarters.
Concerns over the slow pace of Model 3 spurred Moody's Investors Service to cut Tesla's credit rating last month and ask if the company could face a cash crunch this year.
The cash crunch at LeEco has worsened since November last year, when Jia admitted publicly that it was expanding too fast into smartphones, automobiles, the cloud and internet finance.
Jia Yueting, founder and chairman of conglomerate LeEco, attributed the group's cash crunch to the automobile business on Wednesday at shareholder meetings in Beijing for its listed arm, Leshi Internet Information & Technology.
The prolonged chip supply crunch has affected more than 169 industries in the world to some extent in 2021, ranging from automobiles, steel products, smartphones and air conditioning, according to a report from Goldman Sachs.
Leading economies around the world are scrambling to unveil favorable policies to increase local production of computer chips due to the semiconductor crunch, they added.
The trend follows a prolonged global chip supply crunch and highlights the importance of chips to both economic recovery from sporadic outbreaks of COVID-19 and future economic growth.
Chinese tech heavyweight Xiaomi Corp expects that the global chip crunch will crinkle its smartphone shipments this year by between 10 to 20 million units, and it will continue optimizing its product portfolios to cope with the prolonged supply shortage.
The Fed has warned that the banking turmoil could fuel a broad credit crunch that risks slowing the US economy, while data compiled by Invesco showed that the 3-month/18-month US Treasury yield curve has recently inverted to a level not seen since 1981, an indication that fears of recession have increased further.
At the same time, the PBOC should also prevent risks arising from a credit crunch.
That said, it is still too early to withdraw the fiscal and monetary stimulus package introduced to mitigate the COVID-19 effect, as some infrastructure projects and smaller businesses are still facing a funding crunch, they said.
The central bank is likely to inject funds by cutting the reserve requirement ratio to avoid a liquidity crunch later this month, as more short-term bank debt and policy loans will mature, said analysts.
But travel curbs, lockdowns and border closures relating to the pandemic caused disruptions, sparked concerns about cross-border finance and credit crunch, and led to calls for faster, reliable digital approaches.
"A prolonged period of dislocation in financial markets could trigger distress among financial institutions, which, in turn, could lead to a credit crunch for nonfinancial borrowers, further exacerbating the economic downturn," the report warned.
However, there are still small and medium-sized firms facing a cash crunch, Dong said, noting that measures should be taken to further stimulate banks' willingness to lend.
Xuan Changneng, deputy head of the State Administration of Foreign Exchange, said on Sunday that the liquidity crunch of US-dollar denominated assets in the global market has led to the soaring US index, which is a technical rise rather than an economic fundamentals-driven surge.
The rise of the US dollar index was mainly because of the US dollar liquidity crunch amid the stock sell-offs, not because of the deterioration of economic fundamentals, said Xuan.
The rise of the US dollar index was mainly due to the US dollar liquidity crunch, not because of the (deterioration of the) economic fundamentals," said Xuan.
Zhang Bin, a member of the China Finance 40(CF40) Forum and a senior researcher of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, said that weak demand amid the novel coronavirus outbreak has constrained credit growth, and policies should focus on accelerating production resumption while preventing a sharp credit crunch in the following months.
Zhang Bin, a member of the China Finance 40 Forum and a senior researcher at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, said weak demand amid the novel coronavirus outbreak has constrained credit growth, and policies should focus on accelerating production resumption while preventing a sharp credit crunch in the following months.
Lou Feipeng, a senior economist at Postal Savings Bank of China, said the postponement might be for one or two years, considering that the deleveraging might trigger a credit crunch for some financial institutions with weak risk management capabilities.
Compared with the situation in 2019, the risks of a liquidity shortage and a credit crunch will be further eased in the Chinese financial system, and more policies will focus on stabilizing growth and promoting reforms this year, said Cheng Shi, chief economist at ICBC International.
"Due to a lack of credit history and collateral, micro and small businesses have suffered from a credit crunch due to higher costs, bigger risks and the discrepancy between supply and demand," said Li Dongrong, president of the National Internet Finance Association of China.
"We do not want to see a market liquidity crunch, nor do we want to see a market awash with cash.
China's financial regulators have been trying to stave off a potential credit crunch since last summer.