>China to further tap consumption potential
國辦發文力促消費持續恢復

China on Monday unveiled guidelines to further tap the country's consumption potential, with detailed measures to tackle short-term bottlenecks and boost longer-term consumption vitality.
國務院辦公廳4月25日印發《關于進一步釋放消費潛力促進消費持續恢復的意見》，提出一系列解決短期消費瓶頸和增強長期消費活力的具體措施。

The country plans to build a batch of warehouses in the suburbs of large and medium cities to ensure the supply of daily necessities in case of emergencies, according to the guidelines released by the General Office of the State Council.
意見提出，在各大中城市規劃建設一批城郊大倉基地，確保應急狀況下及時就近調運生活物資。

The guidelines also required financial institutions to further support the real economy through measures such as lowering lending rates and cutting fees, to help cope with the impact of COVID-19.
推動金融系統通過降低利率、減少收費等多種措施，向實體經濟讓利。意見還明確了應對新冠肺炎疫情影響、促進消費復蘇的其他措施。

>China to cut RRR for foreign currency deposits
央行決定下調外匯存款準備金率

China's central bank announced Monday that it will cut the reserve requirement ratio for foreign currency deposits by 1 percentage point from the current 9 percent to 8 percent, starting from May 15. The move aims to strengthen the management of foreign currencies in financial institutions, the People's Bank of China said in an online statement.
據央行網站消息，為提升金融機構外匯資金運用能力，中國人民銀行決定，自2022年5月15日起，下調金融機構外匯存款準備金率1個百分點，即外匯存款準備金率由現行的9%下調至8%。

>China mulls building defense system against near-Earth asteroids
我國擬組建近地小行星防御系統

China is set to build monitoring and defense systems protecting the planet from the dangers of near-Earth asteroids (NEAs).
我國將著手組建近地小行星監測和防御系統，以應對近地小行星撞擊的威脅。

Wu Yanhua, deputy director of the China National Space Administration (CNSA), told China's CCTV News recently that China will start building an Earth-based and space-based NEA monitoring and warning system, in order to ensure the safe, stable and orderly operation of spacecraft.
國家航天局副局長吳艷華近日在接受央視采訪時表示，我國要開始完善建立地基天基對小行星的監測預警系統，以確保太空中的航天器安全穩定有序運行。

China plans to set up an NEA defense system, map out an NEA defense blueprint, and develop virtual software to simulate NEA-derived risk scenarios.
我國將著手組建近地小行星防御系統，組織編制近地小行星防御發展規劃，開發近地小天體防御仿真推演軟件并組織開展基本流程推演。

>Goldman Sachs sees some risk US economy will stumble
高盛：未來兩年美國經濟衰退幾率為35%

There is a real chance that the US economy is going to suffer a recession or “hard landing” in the next two years, according to the economic team at Goldman Sachs.
美國高盛集團經濟團隊表示，未來兩年，美國經濟很有可能陷入衰退或“硬著陸”。

The bank’s economists see the odds of a recession at about 15% in the next 12 months, with the odds rising to 35% over the next 24 months.
該投資銀行經濟學家認為，未來一年美國經濟衰退的可能性約為15%，而在未來兩年美國經濟衰退的可能性將上升至35%。

With inflation above 8% for the first time in 40 years, Fed officials say they are laser-focused on getting interest rates up.
由于美國通貨膨脹率40年來首次超過8%，美聯儲官員表示正在加息對抗通脹。

The Fed wants to try to engineer a soft landing, raising rates enough to cool inflation but not so much as to damage the labor market.
美聯儲希望設法實現經濟軟著陸，加息實現通脹降溫，但又不至于破壞勞動力市場。

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