China's annual economic growth to be between 6% and 9%

时间：2007-11-16 08:25:26

（单词翻译:单击）

Chinanews, Beijing, November 15 – According to a research by the National Economic Research Institute, China will keep an annual economic growth between 6% and 9% in the next 15 years, with total factor productivity as its major booster.

 

“Unlike domestic demand growth factors such as investment and human resource capitals, TFP refers to the effectiveness of the utilization1 of both capital and labor2 force, which requires neither additional capital nor additional labor force, but creativity. In the past 20 years, China has witnessed an annual TFP growth between 3.5% and 4.4%, higher than the rate in developed countries,” said Fan Gang, the director of National Economic Research Institute.

 

Fan’s research implies that it is not correct to claim that China’s economy totally depends on investment. A TFP-driven growth pattern means that China must deepen its reform to liberate3 its productivity, which also means an important way to achieve a sustainable development.

 

Practically, the central government should suppress local governments’ impulse on making investment and it should cut the administrative4 cost, too, which is believed to be helpful to the TFP growth. Continuous financial reform will also be necessary, as well as the acceleration5 of urbanization and an increased amount of investment on research and development.

 
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1 utilization Of0zMC     
n.利用，效用
参考例句：
  • Computer has found an increasingly wide utilization in all fields.电子计算机已越来越广泛地在各个领域得到应用。
  • Modern forms of agricultural utilization,have completely refuted this assumption.现代农业利用形式，完全驳倒了这种想象。
2 labor P9Tzs     
n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦
参考例句：
  • We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
  • He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。
3 liberate p9ozT     
v.解放，使获得自由，释出，放出；vt.解放，使获自由
参考例句：
  • They did their best to liberate slaves.他们尽最大能力去解放奴隶。
  • This will liberate him from economic worry.这将消除他经济上的忧虑。
4 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。
5 acceleration ff8ya     
n.加速，加速度
参考例句：
  • All spacemen must be able to bear acceleration.所有太空人都应能承受加速度。
  • He has also called for an acceleration of political reforms.他同时呼吁加快政治改革的步伐。

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