ADB: China economy to slow slightly

时间：2007-03-28 05:43:07

（单词翻译:单击）

Mar1. 28 - China's economic growth will moderate slightly in the next two years because of tight macroeconomic controls and government efforts to alter the growth pattern, the Asian Development Bank (ADB) said yesterday in its flagship annual publication.

 

The Asian Development Outlook 2007 predicts that the economy will grow 10 percent this year and 9.8 percent the next.

 

"The performance of the Chinese economy was exceptional in 2006 and will remain strong in 2007 and 2008," said Zhuang Jian, an economist2 at the multilateral development bank.

 

Rapid growth in exports and strong fixed3 asset investment helped deliver yet another year of double-digit growth of 10.7 percent last year.

 

The country's efforts to rein4 in galloping5 fixed asset growth are expected to gain more traction6 this year, the report forecasts.

 

The authorities have taken many steps to cool down the economy. For instance, the People's Bank of China, the central bank, has raised the base lending rate thrice from 5.58 percent to 6.39 percent and the reserve requirement five times from 7.5 percent to 10 percent in the past year to curb7 credit growth and investment expansion.

 

The National Development and Reform Commission and the State Environmental Protection Administration have raised energy efficiency and environmental requirements for investment.

 

However, recent monthly data are yet to show clear trends for industrial production and fixed asset investment, the ADB report points out.

 

Figures from the National Bureau of Statistics show that factory output in January and February combined grew 18.5 percent from a year earlier, compared to 14.7 percent in December and 16.2 percent for the first two months of 2006.

 

Meanwhile, growth in urban fixed-asset investment rebounded8 from about 20 percent in the fourth quarter last year to 23.6 percent for the first two months of this year.

 

"Progress was limited on most fronts," said Zhuang, "but difficulties in shifting the growth pattern will not be addressed overnight."

 

The ADB suggests that China strengthen the social security system, spend more on education, healthcare and rural development, and take more effective measures on energy efficiency and environmental protection.

 
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1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
3 fixed JsKzzj     
adj.固定的，不变的，准备好的；(计算机)固定的
参考例句：
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。
4 rein xVsxs     
n.疆绳，统治，支配；vt.以僵绳控制，统治
参考例句：
  • The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。
  • He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。
5 galloping galloping     
adj. 飞驰的, 急性的 动词gallop的现在分词形式
参考例句：
  • The horse started galloping the moment I gave it a good dig. 我猛戳了马一下，它就奔驰起来了。
  • Japan is galloping ahead in the race to develop new technology. 日本在发展新技术的竞争中进展迅速，日新月异。
6 traction kJXz3     
n.牵引；附着摩擦力
参考例句：
  • I'll show you how the traction is applied.我会让你看如何做这种牵引。
  • She's injured her back and is in traction for a month.她背部受伤，正在作一个月的牵引治疗。
7 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
8 rebounded 7c3c38746f183ba5eac1521bcd358376     
弹回( rebound的过去式和过去分词 )； 反弹； 产生反作用； 未能奏效
参考例句：
  • The ball rebounded from the goalpost and Owen headed it in. 球从门柱弹回，欧文头球将球攻进。
  • The ball rebounded from his racket into the net. 球从他的球拍上弹回网中。

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