China might further raise interest rates, SIC
文章来源: 文章作者: 发布时间:2007-07-06 00:31 字体: [ ]  进入论坛
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Chinanews, Beijing, July 5 –Before the National Statistics Bureau issued the bi-annual macroeconomic report, the State Information Center (SIC) on Wednesday released a report analyzing1 the macroeconomy of the past six months. The report says that GDP growth rate might have reached 10.9% during the past six months, indicating that Chinese economy is still on the fast track, the Beijing Morning Post reported.

 

The report says that it is even more obvious that Chinese economy is tending to turn from a fast economy to an overheated one. The report suggests that China raise the interest rate and cancel the interest gains tax. However, during the past week, many people did not expect China to raise the interest rate again in the near future, for they thought if China canceled the interest gains tax, the amount would be twice the amount of increased interest rate.

 

Faced with the large imbalance in international payment and excessive liquidity2, the Ministry3 of Finance recently took some regulating measures to solve the problems. These measures included adjusting the export refund4 and issuing 1.55 trillion yuan worth of state treasury5 bonds. However, since trade surplus surged with extraordinary high amount during the first half of this year, this has become the major factor for economy to become overheated.

 

Since trade surplus has expanded greatly and international payment imbalance become even more severe, conflicts have emerged in substantial economy. “Compared with the first quarter, Chinese economy has turned from a fast economy to an overheated one”, the report declares.

 

The report suggests that China should take a tightened6 policy to handle the overheat situation.

 

China should take a prudent7, tightened policy to regulate macroeconomy. By adjusting the pricing system, interest rates, foreign exchange rates, export refund, labor8 costs, land resources, and environmental costs, it is expected that trade surplus and investment rebound9 can be curbed10, the report claims.

 

The report mentions the raise of interest rates and the cancellation11 of interest gains tax. It predicts that consumer price index might increase by 3.3%, more than the 3% alerting line set by the central government.

 



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1 analyzing be408cc8d92ec310bb6260bc127c162b     
v.分析;分析( analyze的现在分词 );分解;解释;对…进行心理分析n.分析
参考例句:
  • Analyzing the date of some socialist countries presents even greater problem s. 分析某些社会主义国家的统计数据,暴露出的问题甚至更大。 来自辞典例句
  • He undoubtedly was not far off the mark in analyzing its predictions. 当然,他对其预测所作的分析倒也八九不离十。 来自辞典例句
2 liquidity VRXzb     
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 ministry kD5x2     
n.(政府的)部;牧师
参考例句:
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
4 refund WkvzPB     
v.退还,偿还;n.归还,偿还额,退款
参考例句:
  • They demand a refund on unsatisfactory goods.他们对不满意的货品要求退款。
  • We'll refund your money if you aren't satisfied.你若不满意,我们愿意退款给你。
5 treasury 7GeyP     
n.宝库;国库,金库;文库
参考例句:
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
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 prudent M0Yzg     
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。
8 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。
9 rebound YAtz1     
v.弹回;n.弹回,跳回
参考例句:
  • The vibrations accompanying the rebound are the earth quake.伴随这种回弹的振动就是地震。
  • Our evil example will rebound upon ourselves.我们的坏榜样会回到我们自己头上的。
10 curbed a923d4d9800d8ccbc8b2319f1a1fdc2b     
v.限制,克制,抑制( curb的过去式和过去分词 )
参考例句:
  • Advertising aimed at children should be curbed. 针对儿童的广告应受到限制。 来自辞典例句
  • Inflation needs to be curbed in Russia. 俄罗斯需要抑制通货膨胀。 来自辞典例句
11 cancellation BxNzQO     
n.删除,取消
参考例句:
  • Heavy seas can cause cancellation of ferry services.海上风浪太大,可能须要取消渡轮服务。
  • Her cancellation of her trip to Paris upset our plan.她取消了巴黎之行打乱了我们的计划。
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