未来数周中国各家银行将发布2007年创纪录的利润，这与其外国同行形成鲜明的对比——在信贷危机之后，外国银行被迫进行了大笔减记。

Chinese banks will announce record profits for 2007 in coming weeks in contrast with their global counterparts, which have been forced into large write-offs in the wake of the credit crisis.

不过，随着全球经济放缓的影响蔓延至中国，以及中国政府试图为经济降温并遏制通胀的不断上升，2008年的挑战将大得多。

But 2008 will be much more challenging as a global slowdown spills over into China and the government attempts to cool the economy and head off rising inflation.

中国一些规模最大的银行——包括中国工商银行(ICBC)和中国交通银行(Bank of Communications)——已经表示，其2007年业绩同比增长逾60%，分析师表示，整个行业的净利润水平也出现了同等幅度的增长。

Some of the country’s biggest banks, including Industrial and Commercial Bank of China and Bank of Communications, have already said their earnings¹ rose by more than 60 per cent year-on-year in 2007 and analysts³ say net profits for the industry grew by a similar amount.

根据国内媒体刊登的预估数字，中国所有国内银行的税前利润总额为6100亿元人民币（合854亿美元），较此前一年增长83%。不过分析师称，在发布年报之前，很难证实这些数字。

Estimates published in domestic media put pre-tax profits for all domestic banks at Rmb610bn ($85.4bn), an 83 per cent increase from a year earlier, although analysts said it was hard to confirm the figure before annual reports have been released.

里昂证券(CLSA)驻香港的金融机构研究主管陈志铭(Dominic Chan)表示：“2007年对于银行来说是非凡的一年，但第四季度已略见疲软，而2008将困难得多。它们将受到目前行政措施和资产质量下降的影响。”

“2007 was a fantastic year for the banks but the fourth quarter saw some weakness already and 2008 will be a lot harder,” according to Dominic Chan, director of financial institutions research at CLSA in Hong Kong. “They are going to be hurt by ongoing⁴ administrative⁵ measures and erosion in asset quality.”

中国各银行正面临信贷过剩及政府试图控制信贷规模的局面。穆迪(Moody's)驻香港的银行业分析师华志行(Leo Wah)表示：“银行去年各方面运转良好，它们所有主要业务领域都表现不错。但它们今年的表现将取决于中国政府的货币紧缩政策，政府不太可能迅速放弃紧缩政策。”

China’s lenders are dealing⁶ with an over-abundance of credit and the government’s attempts to rein⁷ it in. “The banks were firing on all cylinders⁸ last year and all their major areas of business did well,” said Leo Wah, a banking⁹ analyst² with Moody’s in Hong Kong. “But their performance this year depends on the Chinese government’s policy of monetary¹⁰ tightening¹¹, which it is unlikely to abandon soon.”

面对1月份总体消费价格指数升至7.1%的11年高点的局面，中国政府已向国内及外资银行下达了限制性信贷增长额度，试图为经济降温。

Faced with headline consumer inflation that hit an 11-year high of 7.1 per cent in January, the government has issued restrictive loan growth quotas¹² to Chinese and foreign banks in an attempt to cool the economy.