Home Credit is headquartered in the Netherlands, but almost all of its business is in retail lending in emerging markets, including Russia, Vietnam, and China.

家庭信贷总部在荷兰，但是它的所有业务差不多都是在新兴市场的零售业借贷，包括俄罗斯，越南和中国。

Emerging markets do not have those.

新兴市场却没有这些条件。

Emerging markets look promising, too.

新兴市场看起来也前途灿烂。

That's even truer in emerging markets.

在新兴市场中，更是如此。

For emerging markets it's 40% per year.

对于新兴市场，每年波动40%。

Avoid the riskier emerging markets now.

避开当前风险较大的新兴市场。

The emerging markets have similar needs.

新兴市场有类似的需求。

Of course, emerging markets have changed.

当然，新兴市场现在也己发生了变化。

Emerging markets are hot. Place your bets.

兼并市场火爆。消息你的赌注。

Competition in emerging markets will grow.

新兴市场的竞争将愈发激烈。

Rapid growth is limited to emerging markets.

快速增长也仅限于新兴市场。

Meanwhile, emerging markets will be buzzing.

与此同时，新兴市场会很繁荣。

Emerging markets' goals have changed, too.

新兴国家的谈判目标也发生了变化。

In many emerging markets the risks are greater.

在许多新兴市场风险更大。

Cash has poured into emerging markets this year.

今年有大量资金投入新兴市场。

Both are important emerging markets in the world.

——双方都是全球重要的新兴市场。

Both China and Russia are major emerging markets.

中国和俄罗斯同是世界重要新兴市场国家。

And they were tardy in entering emerging markets.

在进入新兴市场方面，他们总是表现的很迟缓。

Second, it has a greater focus on emerging markets.

第二，它对新兴市场有着更大的关注度。

This follows the trend across all emerging markets.

这与所有的新兴市场发生的情况相吻合。

Emerging markets, it seems, have had a good crisis.

新兴市场似乎在危机中找到了良机。

At least sales in emerging markets are growing fast.

至少在新兴市场，销售增长还是很快。

Not all emerging markets, though, were such paragons.

然而，并不是所有的新兴市场都是这样的典范。

Emerging markets maintain the momentum of development.

新兴市场国家保持发展势头。

This is the emerging markets' new middle class at play.

这是新兴市场中的新兴中产阶级娱乐的场景。

The first lies in the strength of emerging markets.

第一个理由在于新兴国家的强盛。