Vice finance minister to manage forex reserves

时间：2007-03-02 01:44:02

（单词翻译:单击）

Chinanews, Beijing, Mar1. 1 – China has appointed a vice2 finance minister to be responsible for the work of setting up a new investment institution to manage part of China’s huge foreign exchange reserves. It's establishment shows that China is moving one step closer in trying to diversify3 the use of its one-trillion-US-dollar forex, the Elite4 Reference reported.

 

A person close to the issue said that China had not yet decided5 how much foreign reserve will be allocated6 for this new investing institution. The government is currently working on a framework of action for the institution and will consider detailed7 issues later.

 

The person said that the government had not officially announced the appointment yet. However, it had said at a closed meeting that it would appoint Lou Jiwei, currently a vice minister of finance, to be the deputy secretary-general of the State Council and to take charge of the preparing work of setting up the overseas investment institution. This means that once the institution is founded, Lou will become the head of the institution, said the person.

 

Lou, 56, has been serving as vice minister of finance since 1998. He obtained the master’s degree in economics at the Chinese Academy of Social Sciences. He had worked at various Chinese departments responsible for finance work. Before serving as the vice finance minister, Lou had worked as a vice governor of Guizhou Province.

 
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1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 vice NU0zQ     
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 diversify m8gyt     
v.（使）不同，（使）变得多样化
参考例句：
  • Our company is trying to diversify.我们公司正力图往多样化方面发展。
  • Hills and woods diversify the landscape.山陵和树木点缀景色。
4 elite CqzxN     
n.精英阶层；实力集团；adj.杰出的，卓越的
参考例句：
  • The power elite inside the government is controlling foreign policy.政府内部的一群握有实权的精英控制着对外政策。
  • We have a political elite in this country.我们国家有一群政治精英。
5 decided lvqzZd     
adj.决定了的，坚决的；明显的，明确的
参考例句：
  • This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
  • There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。
6 allocated 01868918c8cec5bc8773e98ae11a0f54     
adj. 分配的 动词allocate的过去式和过去分词
参考例句：
  • The Ford Foundation allocated millions of dollars for cancer research. 福特基金会拨款数百万美元用于癌症研究。
  • More funds will now be allocated to charitable organizations. 现在会拨更多的资金给慈善组织。
7 detailed xuNzms     
adj.详细的，详尽的，极注意细节的，完全的
参考例句：
  • He had made a detailed study of the terrain.他对地形作了缜密的研究。
  • A detailed list of our publications is available on request.我们的出版物有一份详细的目录备索。

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