为什么要去杠杆？

杠杆是指通过借用资金来增加投资回报或扩大经营规模的一种方法。然而，过高的杠杆率（即借入资金过多）也会带来一定的风险和负面影响。因此，有必要采取措施降低杠杆率，这就是所谓的“去杠杆”。英文翻译：Why do we need to deleverage?

首先，过高的杠杆率可能导致企业或个人在不利的市场环境下遭受重创。当市场波动或出现危机时，借入资金的成本可能会上升，导致企业或个人无法按时偿还债务，甚至可能导致破产。通过去杠杆，可以降低企业和个人的债务负担，提高其抵御风险的能力。英文翻译：Firstly, excessively high leverage can lead to companies or individuals being hit hard by adverse market conditions. When market fluctuations or crises occur, the cost of borrowing funds may rise, causing companies or individuals to be unable to repay their debts on time, and may even lead to bankruptcy. By deleveraging, the debt burden of companies and individuals can be reduced, improving their ability to withstand risks.

其次，过高的杠杆率可能影响企业或个人的信誉和形象。借入大量资金意味着更高的财务风险和更严格的债务约束，这可能使企业的信誉受损。此外，过高的杠杆率也可能导致企业的经营现金流不足，影响其正常运营和发展。通过去杠杆，可以降低企业和个人的财务风险，提高其信誉和形象，同时也可以使其经营现金流更加充足，有利于企业的稳健发展。英文翻译：Secondly, excessively high leverage can affect a company's or individual's reputation and image. Borrowing a large amount of money means higher financial risks and stricter debt constraints, which may damage a company's reputation. In addition, excessively high leverage may also lead to insufficient cash flow in the operation and development of enterprises. By deleveraging, companies and individuals can reduce their financial risks, improve their reputation and image, and also make their cash flow more sufficient, which is conducive to the stable development of enterprises.

综上所述，去杠杆是为了降低企业或个人面临的财务风险和债务负担，提高其抵御风险的能力和信誉形象，同时也有利于企业的稳健发展。英文翻译：In summary, deleveraging is to reduce financial risks and debt burdens faced by companies or individuals, improve their ability to withstand risks and reputation image, and also contribute to the stable development of enterprises.