at a steep discount.

而且折扣很高
So, apparently they've seen a profit opportunity there or

显然他们看到了获利机会或者说
they're supporting our economy from the ravages of the subprime crisis.

他们要把经济从次贷危机中拯救出来
Also in the news,

还是来自于新闻
China has announced that it plans to buy $3 billion dollars stake

中国宣布打算购买黑石30亿美元的股份
in Blackstone Group as its first effort to diversify

作为分散一万两千亿美元
its $1.2 trillion dollars of foreign exchange reserves.

外汇储备的首选方法
So, the Blackstone Group was picked by the Chinese government

黑石被中国政府选中
as the most fitting place for it to put some of its reserves.

认为是存放外汇储备最合适的地方
With that, I will leave it to Mr. Schwarzman,

关于这点我想留给施瓦茨曼先生
who will speak for a while

他将给我们做个演讲
Well, thank you very much for coming out

谢谢你们来听我的演讲