Economists anticipate two major changes in central govt policy next year

时间：2007-12-05 08:24:41

（单词翻译:单击）

Chinanews, Hong Kong, Dec. 5 – Hong Kong-based Wen Wei Po recently quoted a mainland economist1, who remains2 anonymous3, as saying that two major changes might occur in central government's policy next year.

 

The first change is that the central government is now alert to any possible inflation, while previously4, it focused its attention solely5 on cooling down economy. This will be the first time since 2000 for the central government to put inflation control as its top priority task. The second change is that the central government will adopt an even more tightened6 monetary7 policy. In a working meeting held on June 13, the State Council proposed that China should follow a moderately tightened monetary policy in future. This indicates that next year, the government will adopt an even more tightened monetary policy. It is also the first time that China proposes to take a tightened monetary policy after the 1997 Asian Financial Crisis.

 

In 2007, the central bank has raised the interest rate five times and the required reserves ratio nine times. This already reflects central government's intention to adopt a tightened monetary policy. Despite this, many scholars and officials still criticized the central government's leniency8 in implementing9 such policy. The central bank once planned that in 2007, newly released loans by banks should not exceed 3.5 trillion yuan and it wanted to reduce the loan release growth rate to within 15%. However, during the first half of this year, the newly released loans had already reached 2.54 trillion yuan, which hit 70% of the whole year's target number. By the end of October, the new loans given by banks had already reached the whole year's target. The increasing rate for new loans reached 17.66%, far above the original plan.

 

In light of this, some economists10 predict that in 2008, with a tightened policy, both the money supply and new loans released by banks will be reduced. The central government will make more efforts to prohibit the blind expansion of industries that involve high energy consumption and heavy pollution. In addition, the government will strengthen readjustment to ensure that the supply of some important commodities in the market will remain sufficient. It will also take measures to make sure that commodity prices will not climb too rapidly, the experts say.

 
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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 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。
3 anonymous lM2yp     
adj.无名的；匿名的；无特色的
参考例句：
  • Sending anonymous letters is a cowardly act.寄匿名信是懦夫的行为。
  • The author wishes to remain anonymous.作者希望姓名不公开。
4 previously bkzzzC     
adv.以前，先前（地）
参考例句：
  • The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
  • Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。
5 solely FwGwe     
adv.仅仅，唯一地
参考例句：
  • Success should not be measured solely by educational achievement.成功与否不应只用学业成绩来衡量。
  • The town depends almost solely on the tourist trade.这座城市几乎完全靠旅游业维持。
6 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。
7 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。
8 leniency I9EzM     
n.宽大（不严厉）
参考例句：
  • udges are advised to show greater leniency towards first-time offenders.建议法官对初犯者宽大处理。
  • Police offer leniency to criminals in return for information.警方给罪犯宽大处理以换取情报。
9 implementing be68540dfa000a0fb38be40d32259215     
v.实现( implement的现在分词 )；执行；贯彻；使生效
参考例句：
  • -- Implementing a comprehensive drug control strategy. ――实行综合治理的禁毒战略。 来自汉英非文学 - 白皮书
  • He was in no hurry about implementing his unshakable principle. 他并不急于实行他那不可动摇的原则。 来自辞典例句
10 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》

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