Mundell: China’s total GDP to be quadrupled

时间：2007-06-27 00:24:42

（单词翻译:单击）

Chinanews, Beijing, Jun. 26 – Prof. Robert Mundell, the 1999 Nobel Prize Winner regarded as “father of the Euro” said on last Saturday that Chinese economy would be developed by an annual growth of 7% in the next 20 years, and the total volume of China’s GDP would be quadrupled in the next 20 years.

 

He revealed that several factors would help to push forward the economic growth in China, including high bank deposits rate, high demand for Chinese products, increasing foreign investment and China’s foreign exchange reserves.

 

Mundell also believed that in a short period of time China’s economy would be affected1 by high oil price and fluctuation2 of RMB exchange rate. He said that China should also foster good relations with its neighboring countries, and the central government should also pay more attention to environment and agriculture.

 

Mundell expected that China’s comprehensive national strength would be able to surpass Japan in 2050, and European Union by 2060.

 
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1 affected TzUzg0     
adj.不自然的，假装的
参考例句：
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
2 fluctuation OjaxE     
n.(物价的)波动，涨落；周期性变动；脉动
参考例句：
  • The erratic fluctuation of market prices are in consequence of unstable economy.经济波动致使市场物价忽起忽落。
  • Early and adequate drainage is essential if fluctuation occurs.有波动感时，应及早地充分引流。

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