Central bank calls for supervision of speculative capital |
文章来源： 文章作者： 发布时间：2007-06-22 06:07 字体： [ 大 中 小] 进入论坛 |
(单词翻译:双击或拖选)
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BEIJING, June 22 -- China's central bank vice1 governor Wu Xiaoling said on Thursday that every country should monitor transnational flows of short-term speculative2 capital in order to prevent financial crises.
Wu was addressing an ongoing3 international symposium4 in Beijing to mark the tenth anniversary of the 1997 Asian financial crisis.
Wu warned other countries to beware of "excessive pursuit of domestic assets by foreign capital", saying asset price hikes caused by huge foreign capital inflows were unsustainable as price drops usually occurred with capital fleeing a country and depreciation5 of the domestic currency.
"All countries should adopt an exchange rate mechanism6 in line with their own situations as a rigid7, inflexible8 mechanism is vulnerable to international hot money," Wu said.
"It is significant to look back on the 1997 Asian financial crisis, as we are addressing an unbalanced global economy, excessive liquidity9 and fickle10 financial markets," said Wu.
"A country's financial sector11 should open in a way commensurate with its domestic financial system," said Wu. "Opening without due management will pose a threat to financial stability."
Wu also called for international cooperation in preventing financial crises and reducing losses in case of a crisis.
China had taken precautions against financial crises since 1997,including setting up a prudent12 financial supervision13 system, developing its financial market and reforming the foreign exchange rate system, said Wu.
点击  收听单词发音
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1
vice
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| n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的 |
参考例句： |
- He guarded himself against vice.他避免染上坏习惯。
- They are sunk in the depth of vice.他们堕入了罪恶的深渊。
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2
speculative
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| adj.思索性的，暝想性的，推理的 |
参考例句： |
- Much of our information is speculative.我们的许多信息是带推测性的。
- The report is highly speculative and should be ignored.那个报道推测的成分很大，不应理会。
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3
ongoing
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| adj.进行中的，前进的 |
参考例句： |
- The problem is ongoing.这个问题尚未解决。
- The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。
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4
symposium
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| n.讨论会，专题报告会；专题论文集 |
参考例句： |
- What have you learned from the symposium?你参加了这次科学讨论会有什么体会？
- The specialists and scholars present at the symposium come from all corners of the country.出席研讨会的专家学者们来自全国各地。
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5
depreciation
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| n.价值低落，贬值，蔑视，贬低 |
参考例句： |
- She can't bear the depreciation of the enemy.她受不了敌人的蹂躏。
- They wrote off 500 for depreciation of machinery.他们注销了500镑作为机器折旧费。
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6
mechanism
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| n.机械装置；机构，结构 |
参考例句： |
- The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
- The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。
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7
rigid
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| adj.严格的，死板的；刚硬的，僵硬的 |
参考例句： |
- She became as rigid as adamant.她变得如顽石般的固执。
- The examination was so rigid that nearly all aspirants were ruled out.考试很严，几乎所有的考生都被淘汰了。
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8
inflexible
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| adj.不可改变的，不受影响的，不屈服的 |
参考例句： |
- Charles was a man of settled habits and inflexible routine.查尔斯是一个恪守习惯、生活规律不容打乱的人。
- The new plastic is completely inflexible.这种新塑料是完全不可弯曲的。
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9
liquidity
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| 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。
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10
fickle
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| adj.(爱情或友谊上)易变的，不坚定的 |
参考例句： |
- Fluctuating prices usually base on a fickle public's demand.物价的波动往往是由于群众需求的不稳定而引起的。
- The weather is so fickle in summer.夏日的天气如此多变。
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11
sector
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| 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。
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12
prudent
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| adj.谨慎的，有远见的，精打细算的 |
参考例句： |
- A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
- You must school yourself to be modest and prudent.你要学会谦虚谨慎。
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13
supervision
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| n.监督，管理 |
参考例句： |
- The work was done under my supervision.这项工作是在我的监督之下完成的。
- The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。
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