China likely to face greater inflation pressure

时间：2006-09-19 03:30:30

（单词翻译:单击）

Sept. 18 - China's economy has been developing in a rapid, smooth and sustainable way, but is likely to face greater inflation pressure in the future, said Zhou Xiaochuan, governor of the People's Bank of China.

 

Addressing the 14th International Monetary1 Fund Committee meeting held Sunday in Singapore, Zhou said that the global economy is exposed to downside risks since major economies resort to tight monetary policies when expanding economy, some countries show a slowdown economic growth, and the prices of oil and raw materials fluctuate at a high level.

 

Meanwhile, there are rising voices for trade protectionism with trade friction2 extending from commodity trade area to service trade and investment areas, which have a bad impact on the fair and mutually beneficial international economic environment, said Zhou.

 

He noted3 that China's policy of expanding domestic consumption began to take effect. And the Chinese currency exchange rate mechanism4 is much more flexible with market forces playing a bigger role.

 

Zhou said China is still faced with problems of unreasonable5 economic structure, environmental pollution, employment pressure and challenging tasks of building corporate6 governance in the financial sector7.

 

He called for strengthening consultation8 and dialogue mechanisms9 between nations to achieve energy security and ward10 off global financial crisis.

 

Zhou said the IMF should enhance the supervision11 of macro economic policies of the world's major currency nations to prevent major currencies from fluctuating too violently and urge those nations to well manage their hedge funds.

 
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1 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
2 friction JQMzr     
n.摩擦，摩擦力
参考例句：
  • When Joan returned to work,the friction between them increased.琼回来工作后，他们之间的摩擦加剧了。
  • Friction acts on moving bodies and brings them to a stop.摩擦力作用于运动着的物体，并使其停止。
3 noted 5n4zXc     
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。
4 mechanism zCWxr     
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。
5 unreasonable tjLwm     
adj.不讲道理的，不合情理的，过度的
参考例句：
  • I know that they made the most unreasonable demands on you.我知道他们对你提出了最不合理的要求。
  • They spend an unreasonable amount of money on clothes.他们花在衣服上的钱太多了。
6 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
7 sector yjczYn     
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。
8 consultation VZAyq     
n.咨询；商量；商议；会议
参考例句：
  • The company has promised wide consultation on its expansion plans.该公司允诺就其扩展计划广泛征求意见。
  • The scheme was developed in close consultation with the local community.该计划是在同当地社区密切磋商中逐渐形成的。
9 mechanisms d0db71d70348ef1c49f05f59097917b8     
n.机械( mechanism的名词复数 )；机械装置；[生物学] 机制；机械作用
参考例句：
  • The research will provide direct insight into molecular mechanisms. 这项研究将使人能够直接地了解分子的机理。 来自《简明英汉词典》
  • He explained how the two mechanisms worked. 他解释这两台机械装置是如何工作的。 来自《简明英汉词典》
10 ward LhbwY     
n.守卫，监护，病房，行政区，由监护人或法院保护的人（尤指儿童）；vt.守护，躲开
参考例句：
  • The hospital has a medical ward and a surgical ward.这家医院有内科病房和外科病房。
  • During the evening picnic,I'll carry a torch to ward off the bugs.傍晚野餐时，我要点根火把，抵挡蚊虫。
11 supervision hr6wv     
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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