The
zombie apocalypse has turned the once bustling city into a desolate wasteland.
英文释义：僵尸末日已经将曾经繁华的城市变成了荒芜之地。
He stumbled around like a
zombie, barely conscious after the night of partying.
英文释义：他像僵尸一样踉跄，一夜狂欢后几乎失去了意识。
The
zombie movie genre has become a staple in horror cinema.
英文释义：僵尸电影类型已经成为恐怖电影中的经典元素。
She survived the attack, but now lives as a
zombie, going through life without feeling.
英文释义：她虽然从攻击中幸存，但现在的生活如同行尸走肉，毫无感情。
Zombies are often portrayed as mindless, flesh-eating creatures in popular culture.
英文释义：在流行文化中，僵尸通常被描绘为无脑、食人肉的生物。
The
zombie outbreak started suddenly and caught everyone off guard.
英文释义：僵尸爆发来得突然，让所有人都措手不及。
I can't believe you forgot our anniversary; you're acting like a total
zombie today.
英文释义：我真不敢相信你忘了我们的纪念日，今天你完全像个木头人。
They're setting up a
zombie-themed escape room for Halloween, hoping to attract thrill-seekers.
英文释义：他们为万圣节准备了一个僵尸主题的逃脱房间，希望能吸引寻求刺激的人们。
After losing her job, she felt like a
zombie, going through motions without any purpose.
英文释义：失去工作后，她感觉像是行尸走肉，做事没有目标。
The
zombie outbreak led to widespread panic and chaos in the community.
英文释义：僵尸爆发导致社区里弥漫着恐慌和混乱。
The whole scene looked just like a clip from a zombie film, as people hurried to wait for the store's security gates to be fully open had no hesitation crawling underneath to rush to the tees.
Industry experts said that the State-orchestrated marriage in the nation's vast power sector comes as no surprise, as Beijing has been trying to streamline the SOE sector since 2015 to make businesses more profitable with mergers, reductions and shutting down of zombie companies.
The reforms include solid steps taken to cut outdated excess capacity, and that "zombie enterprises" are handled in a timely fashion.
It will also work on "Zombie Brother," the company's first international live action film, with Hollywood producers, directors and screenwriters by adapting a hit cartoon adventure story about zombies.
Both "Tuzki" and "Zombie Brother" will be released overseas, the company said.
Chinese financial institutions should not use their role in serving the real economy as an excuse to help "zombie companies" and instead must help troubled firms with good fundamentals to ride out short-term difficulties, senior officials said.
In China, the term zombie companies refers to inefficient or loss-making enterprises whose production facilities are outdated and debt is mounting or unmanageable.
Liu Guoqiang, assistant governor of the People's Bank of China, the central bank, said at the Financial Street Forum 2017 in Beijing on Friday: "Financial institutions must reduce funding for so-called zombie companies, lower hidden local government debts and combat speculation in real estate to save financial resources for other parts of the real economy that meet the requirements of China's supply-side reform, so that we'll be able to cultivate a new economic structure and a new drive for growth.
Wang further said that banks should identify zombie companies and withdraw loans from such companies in an orderly way.
Operated professionally and market-oriented, the fund will help deal with the different ownerships, so as to accelerate M&As in the steel industry, implement mixed ownership reform and clear out "zombie" enterprises.
Apart from measures like cutting capacity, managing "zombie companies," excising layers of hierarchy and calling for innovation among firms, China also introduced a mixed-ownership system.
SOEs will take the lead in controlling debt level and containing the leverage ratio, and further accelerate the clearing of "zombie enterprises," the Xinhua-run Economic Information Daily reported, citing a source with the State-owned Assets Supervision and Administration Commission.
China should also intensify efforts to clear out zombie enterprises, or weak businesses that are not viable, usually in industries with severe overcapacity and kept alive only with aid from the government and banks, according to the financial work conference.
Analysts attributed Chalco's good performance to cost control and proper handling of "zombie enterprises".
China Huaneng Group said it was considering cutting 9.14 million tons of coal production capacity by the end of 2018 while dealing with 16 of the group's "zombie companies".
Zombie companies are economically unviable businesses, usually in industries, with severe overcapacity, which only survive due to financing from the government and banks.
Realizing the significance of SOEs to the country's sustainable growth, China launched a series of reforms including cutting capacity, managing zombie companies, and calling for innovation among these companies.
Subsidies to the residential sector can promote consumption in a direct and efficient way, and in return, the increase in consumer demand can boost investment in the corporate sector and bolster effective supply, which is more conducive to achieving smoother domestic circulation than offering subsidies directly to enterprises (even some zombie companies).
As to policy priorities for governments, the global lender said foremost is overcoming the immediate health crisis and returning employment to normal levels and then limiting the long-term impact of the crisis by limiting scarring, including from zombie firms, and reducing inequality — both within and across countries.
Zombie companies are often described as those that earn just enough money to operate but are too weakened to pay their debts.
don't panic, it's not a zombie apocalypse, just a few surfskaters.
China National Gold Group Co Ltd has rooted out 31 so-called zombie companies so far - enterprises that are heavily in debt or rely on bailouts to survive.
In a notice jointly released by nine government agencies including the Ministry of Commerce and the Ministry of Finance, local authorities were told not to release any measures hampering the elimination of steel capacity that did not meet certain standards and the clean-up of "zombie" companies.
Crackdown implemented to remove waste, boost efficiency and attract investmentA total of 1,882 electric cars were removed from the country's purchase tax exemption list, in an action that experts believe is the first in China's attempt to remove zombie companies from the sector and improve the investment environment.
"The country is cleaning up zombie automobile companies and models for a better environment to attract investment into the accelerating new energy vehicle sector," said Zhang Junyi, a partner at Nio Capital, a Wuhan-based new energy industrial investment enterprise.
He said there are many zombie companies occupying resources without substantially manufacturing electric vehicle products for customers, and are only surviving to lure investment.
The draft regulation requires each province to remove all its zombie electric car companies and ensure others start mass production.
These regulations have been seen by industrial experts as a move to clean up zombie companies and those that are not mass manufacturing vehicles for the market.
It is in line with legal ways and market-driven forces to eliminate "zombie companies" and improve the overall quality of listed companies.
Studies have shown that an important reason for the low level of prices in the eurozone is that loose policies have made it easy for "zombie" companies to obtain low-cost funds, and the inability in letting the excessive production capacity exit the market has resulted in low prices.
Meanwhile, it was rare for companies to be delisted once they completed the process of going public, creating many so-called "zombie companies" that would drag down the overall quality of the capital market.
It has already started to crimp speculation in newly-listed shares, loss-making zombie companies and small-cap firms.
The guideline emphasized that banks should stop providing "zombie enterprises" with credit support and instead ensure sufficient loans are accessible to companies with capital needs.
They set up a restructuring fund to dismantle and dispose of the group's assets by business segments, realized asset value maximization of each segment, eliminated outdated production capacity, and cleared up loss-making "zombie" subsidiaries of the group, Xiang said.
The securities regulator is also exploring an innovative way of delisting, including the clearing of "zombie enterprises," the newspaper reported.
(It also gave a) balanced statement on financial stability issues, such as accelerating disposal of zombie companies and controlling the pace of risk disposal, pointing at constraints in monetary and regulatory policy implementation.
Various measures will also be unveiled to lower corporate leverage and properly handle the debt issues of loss-making "zombie companies", the guideline said, urging financial institutions to keep monitoring the risks of corporate debt.
China is considering building the personal bankruptcy system and will take measures to root out zombie companies from the market, as part of its greater goal to foster a more efficient economy, said the country's top economic regulator.
According to Tang, the new plan will help establish an "exit system "for all types of market entities, including natural persons and zombie State-owned enterprises, which will help build a modern market economic system, ensure fair market competition, cut overcapacity and strengthen supply-side structural reform.
The banks will have to deal with risks associated with the cleanup of the loss-making "zombie" companies, potential credit default by some real estate companies and risks from local government debt.
He noted that just like "zombie companies", high-risk financial institutions not only waste resources but also generate risks that may disturb the financial system.
The country should let the inefficient, especially the "zombie enterprises", go bankrupt and reshuffle, and let the market play its role, Zhang said.
On the contrary, zombie enterprises will have to be cleared out, he said.
The MOF has intensified the crackdown on "zombie" PPP projects.
Efforts such as shutting down zombie enterprises and promoting market-based debt-to-equity swap programs will optimize the efficiency of resource allocation," he said.
Disposal of loss-making zombie companies' debt will be accelerated, with improved policies for debt disposal and perfected system for law-based bankruptcy by removing barriers obstructing bankruptcy according to law, while merger and restructuring of companies will be actively promoted, said the guideline.
There are still many zombie enterprises, or unprofitable firms that are reeling from mismanagement or overcapacity and are straddled with a high level of debt.
According to a document published by the State-owned Assets Supervision and Administration Commission of the State Council in 2016, there are around 2,041 zombie subsidiaries of central enterprises in the nation with assets of over 3 billion yuan.
Li said the best way to solve the problem of zombie enterprises is the disposal of nonperforming assets.
According to Li Jin, chief researcher at the China Enterprise Research Institute, central SOEs eliminated 1,200 zombie subsidiaries in 2017.
The steel industry has already eliminated zombie capacity totaling 5.95 million metric tons, while the figure in the coal industry was 27 million tons.
According to Dong Ximiao, senior researcher at Renmin University's Chongyang Institute for Financial Studies, said while more credit support should be given to small companies, authorities should also phase out financial support for "zombie companies" so that resources can be better allocated.
"The debt-to-equity swap for zombie firms (inefficient firms burdened with debt) should not be approved," it said.
The regulators and bourses will also step up efforts to delist "zombie companies" and those with long-term losses and severely poor financial condition, the report said.
It will be important to further slow credit growth and improve credit allocation efficiency, which should go hand-in-hand with state-owned enterprise reforms and more forceful exit of zombie firms.
Earlier this month, the CSRC promised that China would step up efforts to delist "zombie companies" and those with long-term losses and severely poor financial status.
Regulations aimed at further curbing corporate debt are likely to tighten, in line with the restructuring reform process of cutting excessive production capacity and shutting down non-profitable and debt-ridden "zombie firms", said Robin Xing, chief China economist at Morgan Stanley, in an exclusive interview with China Daily.
Since the first delisting in 2001, China's A-share market has only seen 57 firms exit the market, according to Wind, an information service providerIn rules published earlier this month, the China Securities Regulatory Commission (CSRC) said China would step up efforts to delist "zombie companies" and those with long-term losses and severely poor financial status.
Curbing financial risks will also require tighter regulation and supervision of excessive borrowing by local governments, and a gradual cleanup of the bad loans associated with loss-making "zombie" State-owned enterprises, which have contributed to China's surging debt ratio in recent years.
The cost of zombie companies going bankrupt will be borne through a cost-sharing mechanism between the government, enterprises and banks.
By the end of 2016, the country's total debt to GDP ratio was 247 percent, while it was 165 percent for corporate debt, higher than the internationally accepted risk level, partly due to the slow debt disposition of "zombie companies", which are usually unviable businesses with overcapacity and relying on bank loans to survive, according to the statement.
Liu Guoqiang, assistant governor of the People's Bank of China, the central bank, said: "Financial institutions must reduce funding for zombie companies, combat speculation in real estate and lower hidden local government debts to save more financial resources for other parts of the real economy, which meet the requirements of China's supply-side reform.
This will help to contain risks that could emerge during the process of economic deleveraging and disposing of loss-making "zombie" companies, analysts said.
Cutting the debt ratio of State-owned enterprises, accelerating the disposal of the zombie companies, and stabilizing the rise of economic leverage have been the short-term targets.
In the recent National Financial Work Conference, the central government required that SOEs give priority to deleveraging and speed up the phase-out of debt-laden "zombie enterprises".
The structural reforms, with an emphasis on disposing of the loss-making State-owned "zombie" companies and reducing corporate debt leverage, have made it even more challenging for banks to deal with rising bad loans and to cope with credit defaults.
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