China continues to curb hot economy

时间：2007-07-24 00:53:19

（单词翻译:单击）

BEIJING, July 22 - China raises its one-year deposit and loan interest rates by 27 basis points from Saturday.

 

The move aims to rationalize the growth of lending and investment, adjust and stabilize1 expectancy2 of inflation and maintain price stability.

 

Wang Guogang, professor in finance at the China Academy of Social Sciences, says the policy will cool down the heated economy.

 

"The measure is expected to curb3 the fast-growing loans increase to some extent," said Wang.

 

In addition, China will reduce the tax on interest income from 20 to 5 percent from the middle of August. Experts say this will attract more bank savings4 and is conductive to creating an economy characterised by rising investment and controlled inflation.

 

China has been experiencing booming economy during the first half of this year, with GDP growing by 11.5 percent and the consumer price index rising by 3.2 percent.

 
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1 stabilize PvuwZ     
vt.（使）稳定，使稳固，使稳定平衡；vi.稳定
参考例句：
  • They are eager to stabilize currencies.他们急于稳定货币。
  • His blood pressure tended to stabilize.他的血压趋向稳定。
2 expectancy tlMys     
n.期望，预期，（根据概率统计求得）预期数额
参考例句：
  • Japanese people have a very high life expectancy.日本人的平均寿命非常长。
  • The atomosphere of tense expectancy sobered everyone.这种期望的紧张气氛使每个人变得严肃起来。
3 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。
4 savings ZjbzGu     
n.存款，储蓄
参考例句：
  • I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时，他的存款已全部用完。

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