Commodity prices will remain high in next few years, expert

时间：2007-09-14 06:25:28

（单词翻译:单击）

Chinanews, Beijing, Sept 14 – Chinese economist1 Lin Yifu said on Wednesday that commodity prices in China would remain at a high level for the next few years, the Beijing News reported.

 

He made the prediction while attending the Tenth Beijing Taiwan Technology Cooperation Forum2.

 

The just released CPI figure for August is within the expectation. In the next few years, Chinese commodity prices will continue to remain at a high level as excessive production and deflation, which have bothered China for the past few years, no longer exist now. Such is the result of industrial changes and government efforts to shift the industrial structure, Lin said.

 

“In future, as long as investment maintains a high growth, commodity prices will keep at a high level. The high commodity prices are not necessarily the result of the imbalance between supply and demand (as in the case of the pork price this year); in fact Chinese economy has now entered into a state of balance - when investment grows, commodity prices will also grow,” Lin said, adding that the high economic growth and low inflation situation, which were commonly seen in the past, could not last long in future.

 

He further predicted that starting from this year, Chinese monetary3 policies would witness some big changes.

 

“I hope that Renminbi appreciation4 rate can keep at 3% in a year, or may be 4%. But it should not exceed 4%,” the economist said.

 
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1 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。
2 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
3 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
4 appreciation Pv9zs     
n.评价；欣赏；感谢；领会，理解；价格上涨
参考例句：
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。

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