Stock index might touch 10,000 points by 2010, analyst_财经新闻

Stock index might touch 10,000 points by 2010, analyst

文章来源：文章作者：发布时间：2007-09-15 06:21 字体： [大中小]　进入论坛

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Chinanews, Shanghai, Sept 14 – In the short run, Chinese stock market really needs some time to make the correction. If there is no correction, it will affect the business performance of the listed companies next year. However, in the middle and long terms, Chinese capital market will still remain optimistic, said Ted¹ Tokuchi, vice² general manager of CITIC Securities Company Limited.

He predicted that by 2010, Chinese GDP might reach 30 trillion yuan. By that time, Chinese stock market capitalization might total 40-45 trillion yuan. At that time, Shanghai stock composite index might touch 8,000-10,000 points, the China Business News reported.

Recently, the A-share market index rose at a much faster speed than Japanese stock market when it was at its peak time in the 1980s. The A-share market index rose by 300 percent in less than two years, while the Japanese Nikkei used five years to increase its stock index by 300 percent, he said.

According to him, at present Chinese stock market is similar to the then Japanese stock market in two aspects. First is the two stock markets booming with governments of the two countries implementing³ a low interest rate policy. In the 1980s, in order to alleviate⁴ the pressure arising from the rising Japanese yen⁵, the Japanese government applied⁶ a low interest rate policy. Chinese government now is faced with a similar situation. Second is the low interest rate resulting in excessive liquidity⁷ problem.

However, the two countires are also different in some ways. After signing the Plaza⁸ Accord, the yen appreciated quickly. However, in China, the yuan value still remains⁹ relatively¹⁰ stable. As a result, China has sufficient fund supply.

Also, Japan at that time was at a different economic stage from China today. When Japanese stock market reached the high point, Japanese economy had entered into a mature stage. At that time, Japan could maintain an economic growth rate of 3%-5% at most, while in China today, Chinese economy growth is on a fast track and its economic growth rate far exceeds Japan in the 1980s, Ted Tokuchi noted¹¹.

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收听单词发音

1 ted
vt.翻晒，撒，撒开
参考例句：
The invaders gut ted the village.侵略者把村中财物洗劫一空。 She often teds the corn when it's sunny.天好的时候她就翻晒玉米。

2 vice
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。

3 implementing
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

4 alleviate
v.减轻，缓和，缓解(痛苦等)
参考例句：
The doctor gave her an injection to alleviate the pain.医生给她注射以减轻疼痛。 Nothing could alleviate his distress.什么都不能减轻他的痛苦。

5 yen
n. 日元；热望
参考例句：
He wanted to convert his dollars into Japanese yen.他想将美元换成日币。 He has a yen to be alone in a boat.他渴望独自呆在一条船上。

6 applied
adj.应用的；v.应用，适用
参考例句：
She plans to take a course in applied linguistics.她打算学习应用语言学课程。 This cream is best applied to the face at night.这种乳霜最好晚上擦脸用。

7 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。

8 plaza
n.广场，市场
参考例句：
They designated the new shopping centre York Plaza.他们给这个新购物中心定名为约克购物中心。 The plaza is teeming with undercover policemen.这个广场上布满了便衣警察。

9 remains
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。

10 relatively
adv.比较...地，相对地
参考例句：
The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。 The operation was relatively painless.手术相对来说不痛。

11 noted
adj.著名的，知名的
参考例句：
The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。 Jim is noted for arriving late for work.吉姆上班迟到出了名。

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