policy maker - законодатель

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Note added at 39 mins (2005-03-09 18:14:44 GMT)
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в данном случае я бы вообще опустил \"circles\"- типа: дефицит является неизменным фактором стресса для фондовых рынков и законодателей

I strongly suspect that policy-making in this context has much more to do with the same register as "company policy". Not literary, and you should be able to understand it from the entire context.

В таком случае речь идет не о политических и законодательных кругах, а о тех, кто определяет "политико-экономическую линию", правила игры в мире финансовых рынков, поэтому я так уверенно предлагаю добавить "экономическую".

Я вовсе не утверждаю, что коллеги неправы, все зависит от контекста.

http://www.stuff.co.nz/stuff/0,2106,3212268a6026,00.html

Lots of talk but little light on Chinese policy-making
10 March 2005

SINGAPORE: Hardly a day goes by without China easing curbs on capital flows, unveiling plans to spruce up its stock market or trumpeting progress at its decrepit banks.


But amid the flurry of announcements, one thing remains constant: investors are craving information, but the process by which big economic policy decisions are made is as clear as mud.

The opacity is all the more striking because Western policy makers have learned to massage expectations to the point that markets nowadays are rarely caught off guard by a change in, say, interest rates. Western officials know the damage that lurches in financial asset prices can do to the real economy.

Yet in single-party China, with stunted markets and a capital account largely closed to the world, giving guidance to traders is simply not a concern for the country's communist rulers.

Indeed, some China watchers believe policy is getting harder, not easier, to divine under Premier Wen Jiabao.

"I think it's become less transparent over the past two years," said Stephen Green with Standard Chartered Bank in Shanghai.

Wen's predecessor, Zhu Rongji, might have shouted at people he disagreed with, but at least he involved outside academics and think-tankers in the policy formulation process, Green said.

AdvertisementAdvertisement"Non-government economists were consulted and knew more about what was going on, whereas Wen's much keener to take his advice in-house," he said.

Against this background, economists have been sifting through pronouncements from the current meeting in Beijing of the National People's Congress, the rubberstamp legislature, for clues to official thinking on the yuan and interest rates

Тоже вариант. Удачи, Natalia!

about 140 for "творцы политики".

Выработка официальной политики предприятия в области ...
... (Творцы политики порой бывают несколько косноязычны.) В собраниях должны
участвовать все: от высшего руководства до младших специалистов. ...
www.jetinfo.ru/1996/10-11/2/viropb.html - 38k - Cached - Similar pages

Совет по хранению энергии добивается национальной цели — создания ...
... что отрасль вообще и творцы политики в Вашингтоне в частности заинтригованы
тем, как хранение энергии может преобразовать рынки электричества. ...
raoreform.elektra.ru/raoreform/2118

мне кажется, здесь не надо ничего накручивать при переводе

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Note added at 19 hrs 31 mins (2005-03-10 13:06:58 GMT)
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органы законодательной власти и финансовые рынки