Households in favor of stocks, funds

时间：2007-06-21 08:09:20

（单词翻译:单击）

Beijing, June 201 - Stocks and funds have overtaken bank deposits as the preferred investments of Chinese urban households, the country's central bank said in a survey released on Wednesday.

 

Of the 20,000 households surveyed in 50 large, medium- and small-sized cities nationwide in May, 40 percent said they favored stocks and mutual1 funds for investment. The proportion was 9.9 percentage points higher than in the first quarter of 2007.

 

Chinese shares prices have surged 56 percent since the beginning of this year after climbing 130 percent last year. The bull market has attracted a huge influx2 of money from bank deposits as citizens seek high returns.

 

The survey shows 50 percent of households expected inflation to accelerate, 5.9 percentage points higher than the first quarter.

 

China's consumer price index, the main gauge3 of inflation, rose3.4 percent year-on-year in May due to rapid hikes in food prices,0.4 percentage points higher than the target set by the Chinese government for the year of 2007.

 

According to a survey of 2,850 bankers by the People's Bank of China (PBoC) in the second quarter, the index that measures bankers' confidence fell to 37 percent, reversing the rebound4 in the earlier two quarters.

 

It said 58 percent of bankers expected the economy to continue to overheat and 43 percent expected tighter monetary5 policies in the third quarter.

 

According to a survey of 5,635 entrepreneurs conducted by PBoC in the second quarter, the index that measures entrepreneurs' confidence declined to 83.4 percent, the lowest in two years.

 

The index was 5.1 percentage points lower than the first quarter and 3.7 percentage points down on the same period last year.

 

The decline came as entrepreneurs began to worry about overheating in China's economy. The proportion of entrepreneurs who believe the economy is overheating has jumped to 14 percent from 7.9 percent in the first quarter. The rate is the highest since the first quarter of 1994.

 

The survey said the appreciation6 of China's currency, the yuan, and adjustments to export tax rebates7 had had limited impact on exporting and importing companies, although they helped curb8 to some extent rapid growth in exports.

 

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1 mutual eFOxC     
adj.相互的，彼此的；共同的，共有的
参考例句：
  • We must pull together for mutual interest.我们必须为相互的利益而通力合作。
  • Mutual interests tied us together.相互的利害关系把我们联系在一起。
2 influx c7lxL     
n.流入，注入
参考例句：
  • The country simply cannot absorb this influx of refugees.这个国家实在不能接纳这么多涌入的难民。
  • Textile workers favoured protection because they feared an influx of cheap cloth.纺织工人拥护贸易保护措施，因为他们担心涌入廉价纺织品。
3 gauge 2gMxz     
v.精确计量；估计；n.标准度量；计量器
参考例句：
  • Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
  • It's difficult to gauge one's character.要判断一个人的品格是很困难的。
4 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。
5 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。
6 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。
7 rebates 5862cab7436152bb9726585397fb1db9     
n.退还款( rebate的名词复数 )；回扣；返还（退还的部份货价）；折扣
参考例句：
  • The VAT system offers advantages, such as rebates on exports. 增值税有其优点，如对出口商品实行回扣。 来自辞典例句
  • In more recent years rate rebates have been introduced for households. 近年地方税的减免已适用于家庭。 来自辞典例句
8 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。

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