结汇、售汇    sale and purchase of foreign exchange

稀缺经济    scarcity economy

剔除季节性因素    seasonally adjusted

二级市场    secondary market

分业经营    segregation of financial business (services); division of business scope based on the type of financial institutions

自筹投资项目    self-financed projects

卖方市场    seller‘s market

证券交易清算    settlement of securities transactions

过热迹象    signs of overheating

社会保障    social safety net;social security (insurance)

软预算约束    soft budget constraint

软着陆    soft landing

软贷款    soft loans

宏观经济运营良好    sound macroeconomic performance

主权风险    sovereign risk

经济特区    special economic zones (SEZs)

国有企业    state-owned enterprises (SOEs)

国有制    state-ownership

稳步增长    steady growth

增长平稳    steady growth

平稳回升    steady recovery

本外币对冲操作    sterilization operation

对冲操作    sterilization operation;hedging

产品积压    stock pile;excessive inventory

结构扭曲    structural distortion

结构失调    structural imbalance

结构优化    structural improvement (optimization)

认缴资本    subscribed capital

供大于求    supply exceeding demand;excessive supply

可维持（可持续）经济增长    sustainable economic growth

系统性金融危机    systemic financial crisis