小宫有纱cos黑泽黛雅:英语高手进来翻译1

So how does one square the circle? The answer—one that the Chinese authorities themselves recognize as being crucial to China’s sustainable long-term growth—is financial sector reform. Whether or not the financial system becomes more efficient at intermediating China’s large pool of saving and directing it to the most productive investments will have major repercussions on long-term growth. Reform of the state-owned banking sector is an essential component of this agenda since banks continue to dominate the financial landscape, with the stock and bond markets still relatively underdeveloped. But development of the broader financial sector cannot be ignored, because this will be essential to provide alternative vehicles for saving and alternative sources of financing for firms and households. This would have the added benefit of promoting banking reforms by exposing state banks to domestic competition.

用翻译软件的无效，翻译好的另有加分，谢谢
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