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      • Native Language:
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    #1

    As is well known

    The shift in economic policy that took place during the 1980s has continued into the 1990s and has reached virtually all developing countries. As is well known, the general trend of policy reform has been towards liberalization of regulations and reduction of the direct role of the state in economic production, towards broadening the spheres in which market mechanisms are relied upon instead of administrative controls, and towards encouraging more integration into the international economy--both to promote competitiveness and to tap more successfully into world markets of goods, finance and technology.


    Question: "As is well known" is routinely translated into Chinese as "known to many people". But the expression could also mean "fully understand" (See most dictionaries). So what does "As is well known" mean here in the above context? Thanks.

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    #2

    Re: As is well known

    Quote Originally Posted by ian2 View Post
    The shift in economic policy that took place during the 1980s has continued into the 1990s and has reached virtually all developing countries. As is well known, the general trend of policy reform has been towards liberalization of regulations and reduction of the direct role of the state in economic production, towards broadening the spheres in which market mechanisms are relied upon instead of administrative controls, and towards encouraging more integration into the international economy--both to promote competitiveness and to tap more successfully into world markets of goods, finance and technology.


    Question: "As is well known" is routinely translated into Chinese as "known to many people". But the expression could also mean "fully understand" (See most dictionaries). So what does "As is well known" mean here in the above context? Thanks.
    .."the general trend of policy reform....."is well known to everybody.

    • Member Info
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      • Chinese
      • Home Country:
      • China
      • Current Location:
      • United States

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    #3

    Re: As is well known

    Quote Originally Posted by teia_petrescu View Post
    .."the general trend of policy reform....."is well known to everybody.
    The reason I asked the question is that the official document of United Nations translated this into "clearly or fully understood". My original interpretation is well known to many people, but then I found that topics of this type are basically very unfamiliar to people. In other words, very few people know this topic. So any other further discussion? Thanks.

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