Goldman Sachs: China's 2007 growth to 10.8 pct

时间：2007-04-23 08:11:29

（单词翻译:单击）

Apr.22 - Goldman Sachs, the U.S.-based investment bank, raised its forecast for China's 2007 gross domestic product from 9.8 percent to 10.8 percent after the country saw robust1 economic growth in the first three months.

 

China's economy expanded 11.1 percent in the first quarter of the year, compared with 10.4 percent in the fourth quarter of last year, according to the National Bureau of Statistics (NBS).

 

Goldman Sachs said in a report that the consumer price inflation of 3.3 percent in March has increased the possibility for the Chinese government to unveil economic cooling measures.

 

The inflation, the highest in more than two years, was well beyond the comfortable target of three percent set by the Chinese government for the year.

 

China added 1.42 trillion yuan of new loans in the first quarter, 44 percent of the 3.2 trillion yuan last year, according to statistics.

 

Liang Hong, chief China economist2 with Goldman Sachs Asia, said the surge in loans growth, investment, inflation and overheated equity3 markets may prompt the government to raise further the interest rates or the reserve requirement ratio.

 

She noted4 if the loans growth accelerates in the second quarter, the People's Bank of China, or the country's central bank, may use more administrative5 measures to rein6 in its growth.

 

Liang's concerns were shared by NBS spokesman Li Xiaochao, who told a press briefing on Thursday that China's economy faces the risk of shifting from relatively7 fast growth to over-heating.

 

He acknowledged that the Chinese government will take more small steps to ensure a stable and fast economic growth.

 
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1 robust FXvx7     
adj.强壮的，强健的，粗野的，需要体力的，浓的
参考例句：
  • She is too tall and robust.她个子太高，身体太壮。
  • China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道，中国希望保持经济强势增长，以减少贫困和失业状况。
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 equity ji8zp     
n.公正，公平，（无固定利息的）股票
参考例句：
  • They shared the work of the house with equity.他们公平地分担家务。
  • To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。
4 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
5 administrative fzDzkc     
adj.行政的，管理的
参考例句：
  • The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
  • He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。
6 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。
7 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。

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