Chinese people's savings fluctuate with stock market

时间：2007-09-17 01:24:19

（单词翻译:单击）

Chinanews, Beijing, Sept 15 – Information shows that last August, bank savings1 decreased again as Chinese people further took their money from banks and put it in the stock market. On Wednesday, Chinese central bank released a set of figures, which shows that in August, Chinese people's savings decreased by 41.8 billion yuan. This is the second time that Chinese banks witnessed a negative growth in its bank savings after much capital flowed back to banks following the big stock tumble of May 30.

 

Since the beginning of this year, Chinese people's bank savings fluctuated with the stock market ups and downs. Information released on public occasions shows that during the first three months of this year, although the bank savings grew month by month, the growth range was much smaller compared with previous years.

 

In April and May this year, bank savings saw the biggest drop in a single month. In April, Chinese people's bank savings decreased by 167.4 billion yuan, and in May, by 278.4 billion yuan. However, on May 30, as Chinese government raised the stock transaction stamp tax, stock market plummeted2 and much of the money flowed back to banks. In June, bank savings increased by 167.8 billion yuan. In July and August, as stock market began to pick up its rising trend, bank savings started to decrease again, by 9.1 billion yuan and 41.8 billion yuan, respectively.

 
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1 savings ZjbzGu     
n.存款，储蓄
参考例句：
  • I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时，他的存款已全部用完。
2 plummeted 404bf193ceb01b9d9a620431e6efc540     
v.垂直落下，骤然跌落( plummet的过去式和过去分词 )
参考例句：
  • Share prices plummeted to an all-time low. 股票价格暴跌到历史最低点。
  • A plane plummeted to earth. 一架飞机一头栽向地面。 来自《简明英汉词典》

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