Chinese govt won't exert direct influence on stock market, |
文章来源： 文章作者： 发布时间：2007-05-24 06:48 字体： [ 大 中 小] 进入论坛 |
(单词翻译:双击或拖选)
|
|
Chinanews, Beijing, May 24 – Last week, the central bank issued a set of policies to prevent the economy from becoming overheated. The three policies include raising the interest rate, raising the required reserve ratio and allowing Renminbi to fluctuate at a larger range. According to Fan Gang, director of the National Economics Research Institute and a member of the Central Bank Monetary1 Policy Committee, these measures aims to solve the excessive money supply and excessive liquidity2 problems. In light of the potential risks in the stock market, Fan Gang said that the central bank would not exert direct influence on the stock market, the Securities Times reported.
Faced with the extraordinary bullish stock market, the renowned3 economist4 said that Chinese government would no longer do anything to either support or disturb the stock market, since the potential risks in the market should be resolved by the market itself.
The current market has become more mature, so has the government. So people should get rid of their illusions and respect market rules, Fan said.
In any countries, the government adjust its macroeconomic policies based on market operation situation. The government could not get rid of fluctuations6 in the market. Rather, the government issued policies in order to minimize the negative impacts of market fluctuations or to help economy resume as quickly as possible. So the success of a macroeconomic policy should not be judged by seeing whether or not it had eliminated bubbles. Rather, the success of a macroeconomic policy was judged by seeing whether it had helped reduced fluctuations. So when the market began to show signs of becoming overheated or began to cool down, the government should take measures to reduce the risks resulting from market fluctuation5.
点击  收听单词发音
|
1
monetary
|
|
| 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。
|
|
2
liquidity
|
|
| n.流动性，偿债能力，流动资产 |
参考例句： |
- The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
- The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
|
|
3
renowned
|
|
| adj.著名的，有名望的，声誉鹊起的 |
参考例句： |
- He is one of the world's renowned writers.他是世界上知名的作家之一。
- She is renowned for her advocacy of human rights.她以提倡人权而闻名。
|
|
4
economist
|
|
| 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。
|
|
5
fluctuation
|
|
| n.(物价的)波动，涨落；周期性变动；脉动 |
参考例句： |
- The erratic fluctuation of market prices are in consequence of unstable economy.经济波动致使市场物价忽起忽落。
- Early and adequate drainage is essential if fluctuation occurs.有波动感时，应及早地充分引流。
|
|
6
fluctuations
|
|
| 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。
|
|
|
|
|
