Huge amounts of hot money flowing into China's mining industry

时间：2007-11-30 08:22:55

（单词翻译:单击）

Chinanes, Beijing, November 30 – With the international price hike of mineral resources, mining industry in China has witnessed an unprecedentedly1 rapid growth. However, there are many investors2 who have nothing to do with mining industry investing large sums of money on it. It is estimated that hundreds of billions of yuan of hot money have already flowed into the industry.

 

This is absolutely no good news. Rash advance in the development of mineral resources will case fatal disasters to the ecoenvrionment.

 

According to information released at the 2007 China International Mining Conference, some of the real estate enterprises in China have already made investment on mining industry while others are planning to do so, as the Chinese government has issued a series regulations to cool down the housing market.

 

Currently, most of the investment on the mining industry is from 3 sources: state-owned monopolies like Sinopec, mining enterprises, and enterprises of other booming industries. The investment from the third source is on the rise.

 

Though investing on the mining industry means high risks, many investors are attracted to it by the prospect3 of the high returns.
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1 unprecedentedly f60c6331277f9436b0b8eda77fd4bc21     
adv.空前地
参考例句：
  • The National-Day celebration this year was an unprecedentedly great occasion. 今年国庆日庆祝仪式空前盛大。
  • "This is undoubtedly a good one," the teacher insisted. "Unprecedentedly good! Just listen -- " 洋教师说，“这文章写得当然好，而且绝妙无比，你们听——” 来自汉英文学 - 散文英译
2 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
3 prospect P01zn     
n.前景，前途；景色，视野
参考例句：
  • This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
  • The prospect became more evident.前景变得更加明朗了。

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