Fixed-assets input rises 27%

时间：2007-11-19 07:51:29

（单词翻译:单击）

Nov. 17 - China's urban fixed-assets investment rose 26.9 percent year-on-year in the January-October period, up from 26.4 percent in the first nine months, the National Bureau of Statistics said on Friday.

 

The pick-up in investment triggered concerns that an interest rate hike could come soon.

 

The ferrous and non-ferrous metal smelting1 industries and the non-metal mineral product industry registered the highest growth rates, according to the bureau.

 

Investment in the real estate sector2 increased 31.4 percent year-on-year, up from 30.3 percent in the first nine months.

 

This is in line with property price movements, as China's 70 large- and medium-sized cities saw their house prices rise 9.5 percent year-on-year last month, 0.6 percentage points higher than in September.

 

"Fixed-assets investment growth is quite fast," said Yang Shengming, an economist3 with the Chinese Academy of Social Sciences. "It necessitates4 further macroeconomic tightening5."

 

Although the bureau did not reveal how fast fixed-assets investment grew in October, analysts6 estimated it may be up to 30 percent, a rate they said was unreasonably7 high.

 

Goldman Sachs (Asia) said in a research note that fixed-assets investment growth was 30.7 percent in October, up from 24.8 percent in September.

 

China has been trying to cool over-investment in some sectors8, such as aluminum9, to play down the role of investment and exports in its economic growth.

 

The government has tightened10 lending, land use and industrial approval for polluting enterprises, but it needs to strengthen those measures as high investment figures in October shows they remain inadequate11, Yang told China Daily.

 

As the New Year approaches, China should remain alert regarding a further rise in investment growth, warned Zuo Xiaolei, chief economist of China Galaxy12 Securities.

 

China's commercial banks tend to extend more loans at the beginning of a year to have more interest gains, and this situation may recur13 next year, Zuo said.

 

Chinese lenders remain highly dependent on income from loan interest. "If this is not changed, it will be hard for the authorities to control lending increases at the beginning of a year," she told China Daily.

 
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点击收听单词发音收听单词发音  

1 smelting da3aff64f83e01ef85af6da3b7d675d5     
n.熔炼v.熔炼，提炼（矿石）( smelt的现在分词 )
参考例句：
  • a method of smelting iron 一种炼铁方法
  • Fire provided a means of smelting ores. 火提供了熔炼矿石的手段。 来自辞典例句
2 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
3 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。
4 necessitates 4a421c24d0717e67b81bbcf227596ade     
使…成为必要，需要( necessitate的第三人称单数 )
参考例句：
  • The increase in population necessitates a greater food supply. 人口的增加需要更多食物供应。
  • Your proposal necessitates borrowing money. 你的提议使借款成为必要。
5 tightening 19aa014b47fbdfbc013e5abf18b64642     
上紧，固定，紧密
参考例句：
  • Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
  • It needs tightening up a little. 它还需要再收紧些。
6 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
7 unreasonably 7b139a7b80379aa34c95638d4a789e5f     
adv. 不合理地
参考例句：
  • He was also petty, unreasonably querulous, and mean. 他还是个气量狭窄，无事生非，平庸刻薄的人。
  • Food in that restaurant is unreasonably priced. 那家饭店价格不公道。
8 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
9 aluminum 9xhzP     
n.(aluminium)铝
参考例句：
  • The aluminum sheets cannot be too much thicker than 0.04 inches.铝板厚度不能超过0.04英寸。
  • During the launch phase,it would ride in a protective aluminum shell.在发射阶段，它盛在一只保护的铝壳里。
10 tightened bd3d8363419d9ff838bae0ba51722ee9     
收紧( tighten的过去式和过去分词 )； （使）变紧； （使）绷紧； 加紧
参考例句：
  • The rope holding the boat suddenly tightened and broke. 系船的绳子突然绷断了。
  • His index finger tightened on the trigger but then relaxed again. 他的食指扣住扳机，然后又松开了。
11 inadequate 2kzyk     
adj.(for,to)不充足的，不适当的
参考例句：
  • The supply is inadequate to meet the demand.供不应求。
  • She was inadequate to the demands that were made on her.她还无力满足对她提出的各项要求。
12 galaxy OhoxB     
n.星系；银河系；一群(杰出或著名的人物)
参考例句：
  • The earth is one of the planets in the Galaxy.地球是银河系中的星球之一。
  • The company has a galaxy of talent.该公司拥有一批优秀的人才。
13 recur wCqyG     
vi.复发，重现，再发生
参考例句：
  • Economic crises recur periodically.经济危机周期性地发生。
  • Of course,many problems recur at various periods.当然，有许多问题会在不同的时期反复提出。

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