China will slightly raise interest rates in '07
文章来源: 文章作者: 发布时间:2007-02-02 01:16 字体: [ ]  进入论坛
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Chinanews, Beijing, Jan. 31 – China Construction Bank Research Center recently released a report saying that in 2007, Chinese economy will maintain a high growth rate with low inflation, with economic growth rate keeping at around 10%. In 2007, the central bank might raise interest rate once or twice with 0.27 percentage points each time. Meanwhile, Renminbi appreciation1 will reach 5.5% for the whole year, some 2 percentage points more than last year, the China Securities Journal reported.

 

In 2007, the central bank will continue to use the means of bank deposit reserve ratio and central bank bills to balance liquidity2. The central bank might raise the bank deposit reserve ratio three or four times in 2007, with the bank deposit reserve ratio raised by a margin3 of 0.5 percentage point each time, to reach 11%. Meanwhile, the total number of central bank bills might reach 4.5 trillion yuan. In 2007, Renminbi exchange rate might fluctuate in an even larger range, making it more flexible. It is expected that Renminbi’s exchange rate to US dollar will fall between 7.81 and 7.35 yuan.

 

If macroeconomic measures are effectively implemented4, the report predicts, the investment growth rate will slightly fall in 2007 and total investment in fixed5 assets will increase by 22%, two percentage points lower than last year. Total retail6 sales of consumer goods will grow by 14.5% in 2007, or 0.8 percentage point higher than last year. Although CPI faces greater pressure, inflation will still be kept at a moderate rate of about 2.5%. In 2007, China’s export trade volume will grow by 23%, 4 percentage points lower than last year, while its import trade volume will grow by 25%, or 5 percentage points higher than last year. In spite of this, trade surplus will continue to grow. It is expected that trade surplus for the whole year might reach over 200 billion US dollars.

 



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1 appreciation Pv9zs     
n.评价;欣赏;感谢;领会,理解;价格上涨
参考例句:
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
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 margin 67Mzp     
n.页边空白;差额;余地,余裕;边,边缘
参考例句:
  • We allowed a margin of 20 minutes in catching the train.我们有20分钟的余地赶火车。
  • The village is situated at the margin of a forest.村子位于森林的边缘。
4 implemented a0211e5272f6fc75ac06e2d62558aff0     
v.实现( implement的过去式和过去分词 );执行;贯彻;使生效
参考例句:
  • This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
  • The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革,经济就面临崩溃的危险。 来自辞典例句
5 fixed JsKzzj     
adj.固定的,不变的,准备好的;(计算机)固定的
参考例句:
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗?
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定,我们就不应该随意改变。
6 retail VWoxC     
v./n.零售;adv.以零售价格
参考例句:
  • In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
  • These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。
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