China to borrow int'l loans in a moderate degree

时间：2007-04-11 00:26:36

（单词翻译:单击）

Chinanews, Beijing, Apr. 9 – Although China has the world's largest foreign exchange reserves, in future China will continue to borrow some loans from international financial organizations and try to use them in an innovative1 way, said Zhang Xiaoqiang, deputy director of the State Development and Reform Commission (SDRC) last Friday.

 

He also said that China would use international commercial loans in a rational and prudent2 way.

 

Chinese foreign exchange reserves are now the largest in the world. Bank deposits continue to decrease and bank loans continue to surge. At the same time, there is an excessive liquidity3 in the market. Despite all these favourable4 factors, since there is not a proper scheme for people to transfer their deposits to investment, excessive liquidity and capital shortage both exist in the market. In the western region, many public sectors5 need a large amount of capital and this capital is not available at present.

 

When borrowing international loans, China will try to make sure that the loans will be beneficial for China to realize a balanced development among different regions, that they can be put in key industrial sectors and be used effectively, Zhang said.

 

SDRC and the Asian Development Bank issued separate reports on Friday. According to this report, China will borrow some 3 billion US dollars of loans from international financial organizations every year during the eleventh five-year period and for the next ten years. 80% of these loans will be used for development in the middle and western region, and the old industrial bases in the northeast region
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1 innovative D6Vxq     
adj.革新的，新颖的，富有革新精神的
参考例句：
  • Discover an innovative way of marketing.发现一个创新的营销方式。
  • He was one of the most creative and innovative engineers of his generation.他是他那代人当中最富创造性与革新精神的工程师之一。
2 prudent M0Yzg     
adj.谨慎的，有远见的，精打细算的
参考例句：
  • A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
  • You must school yourself to be modest and prudent.你要学会谦虚谨慎。
3 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
4 favourable favourable     
adj.赞成的，称赞的，有利的，良好的，顺利的
参考例句：
  • The company will lend you money on very favourable terms.这家公司将以非常优惠的条件借钱给你。
  • We found that most people are favourable to the idea.我们发现大多数人同意这个意见。
5 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

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