China not to experience overall inflation, CASS

时间：2007-11-12 08:12:48

（单词翻译:单击）

Chinanews, Beijing, Nov. 12 – The Finance Research Institute of the Chinese Academy of Social Sciences (CASS) recently released an analytical1 report on China's macro economy for the autumn season. The report predicts that China's national economic growth this year will exceed that of last year and its GDP growth rate will reach around 11.6% this year. Driven by strong consumption demand, commodity prices keep rising. However, the current round of price hikes is mainly boosted by the price rise in agricultural products. It is not likely for the current price hike to develop into general inflation.

 

Since inflation factors exist, the prices of many goods are rising sharply. So, even if the pork price can be kept within a reasonable range, the prices of other goods might also go up in future. Currently, there is inflation pressure coming from five aspects. Firstly, production costs rise. Secondly2, demand for goods increases. Thirdly, the high economic growth pushes up the prices of goods. Fourthly, as China works hard to achieve its goal of energy conservation and emission3 reduction, this will also push up the production costs in the short run. Fifthly, the prices of some goods rise in global market, which in turn affects domestic market. Apart from these five main factors, some individual businesspeople and companies have raised the prices of their products amid the current round of price hikes to maximize profits and this, in some way, worsens the situation, the report says.

 

Although CPI growth is still in a moderate range this year, still the Gini Coefficient, a measure that tells people's income distribution status, has exceeded 0.4. Economists4 should pay great attention to the possible large CPI fluctuations5. While CPI remains6 at a high level, the price rise in meat might only be a beginning. In fact, any comprehensive price rise may start from individual goods during the initial stage. So, even if the meat price can be controlled within a reasonable range, inflation might also be manifested through the price rise of other goods as well. In light of this, China should pay great attention to the price changes in 2008 and take necessary measures to prevent any possible serious inflation that might occur next year, the report suggests.

 
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1 analytical lLMyS     
adj.分析的；用分析法的
参考例句：
  • I have an analytical approach to every survey.对每项调查我都采用分析方法。
  • As a result,analytical data obtained by analysts were often in disagreement.结果各个分析家所得的分析数据常常不一致。
2 secondly cjazXx     
adv.第二，其次
参考例句：
  • Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
  • Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。
3 emission vjnz4     
n.发出物，散发物；发出，散发
参考例句：
  • Rigorous measures will be taken to reduce the total pollutant emission.采取严格有力措施，降低污染物排放总量。
  • Finally,the way to effectively control particulate emission is pointed out.最后，指出有效降低颗粒排放的方向。
4 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家，经济专家( economist的名词复数 )
参考例句：
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
5 fluctuations 5ffd9bfff797526ec241b97cfb872d61     
波动，涨落，起伏( fluctuation的名词复数 )
参考例句：
  • He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
  • There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。
6 remains 1kMzTy     
n.剩余物，残留物；遗体，遗迹
参考例句：
  • He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
  • The remains of the meal were fed to the dog.残羹剩饭喂狗了。

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