fledgeling

First, the People's Bank of China is transferring funds to China Investment Corp, the fledgeling sovereign wealth fund with a $200bn kitty.

首先，央行向中国投资公司转移了基金，一个价值200亿美金的（初出茅庐的）主权财富基金转给了中国投资公司。

Finding good code to read used to be hard, because there were few large programs available in source for fledgeling hackers to read and tinker with.

过去找阅读的好的代码是困难的，因为几乎没有大型程序的源代码能让新手练手。