China's economy remains on verge of overheating: Report

时间：2007-08-02 06:56:23

（单词翻译:单击）

Aug.2 - China's economy remains1 on the brink2 of overheating following another 12 months of soaring industrial output and money supply, a central government report said on Wednesday.

 

By June this year, industrial production had been overheated for seven months in a row, said the report from the State Information Center, under the National Development and Reform Commission.

 

Industrial added value in the first half rose 18.5 percent year on year, up 0.8 percentage points over the rise in the same period of last year.

 

Industrial production will continue to rise rapidly in the latter half of the year but its growth rate was likely to slow down slightly due to government restrictions3 on exports in sectors4 involving high energy consumption and heavy pollution, said the report.

 

Fueled by the brisk consumable market, light industry will expand steadily5, said the report.

 

M1, a narrow measure of money supply including cash and demand deposits, became overheated in March, with its balance rising 20.9 percent year on year to 13.6 trillion yuan (1.77 trillion U.S. dollars) by the end of June.

 

Bank lending showed a continuous tendency to overheat throughout the last 12 months, with new Renminbi loans adding up to 2.54 trillion yuan in the first six months of the year, up 368.1 billion yuan from a year ago.

 

After maintaining a relatively6 stable level in the January-April period, fixed7 asset investment began to bounce back in May as the January-May figure soared 25.9 percent, compared with 25.5 percent in the first four months and 24 percent for the whole of 2006.

 

The report said the consumer price index, the country's inflation rate, remained "normal" over the 12 months although rising food prices pushed the index above the government's target of three percent for four consecutive8 months.

 

To keep prices stable, the government should continue to subsidize farmers, postpone9 price reforms on water, power and gas and tighten10 supervision11 of commodities related to people's livelihood12, including food, education and medical care, said the report.

 

The government should also increase the minimum living allowance of low-income families and set up a temporary assistance system in order to prevent their living standards from falling as prices rise, it added.

 
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1 remains 1kMzTy     
n.剩余物，残留物；遗体，遗迹
参考例句：
  • He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
  • The remains of the meal were fed to the dog.残羹剩饭喂狗了。
2 brink OWazM     
n.(悬崖、河流等的)边缘，边沿
参考例句：
  • The tree grew on the brink of the cliff.那棵树生长在峭壁的边缘。
  • The two countries were poised on the brink of war.这两个国家处于交战的边缘。
3 restrictions 81e12dac658cfd4c590486dd6f7523cf     
约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）
参考例句：
  • I found the restrictions irksome. 我对那些限制感到很烦。
  • a snaggle of restrictions 杂乱无章的种种限制
4 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
5 steadily Qukw6     
adv.稳定地；不变地；持续地
参考例句：
  • The scope of man's use of natural resources will steadily grow.人类利用自然资源的广度将日益扩大。
  • Our educational reform was steadily led onto the correct path.我们的教学改革慢慢上轨道了。
6 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
7 fixed JsKzzj     
adj.固定的，不变的，准备好的；(计算机)固定的
参考例句：
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。
8 consecutive DpPz0     
adj.连续的，联贯的，始终一贯的
参考例句：
  • It has rained for four consecutive days.已连续下了四天雨。
  • The policy of our Party is consecutive.我党的政策始终如一。
9 postpone rP0xq     
v.延期，推迟
参考例句：
  • I shall postpone making a decision till I learn full particulars.在未获悉详情之前我得从缓作出决定。
  • She decided to postpone the converastion for that evening.她决定当天晚上把谈话搁一搁。
10 tighten 9oYwI     
v.(使)变紧；(使)绷紧
参考例句：
  • Turn the screw to the right to tighten it.向右转动螺钉把它拧紧。
  • Some countries tighten monetary policy to avoid inflation.一些国家实行紧缩银根的货币政策，以避免通货膨胀。
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。
12 livelihood sppzWF     
n.生计，谋生之道
参考例句：
  • Appropriate arrangements will be made for their work and livelihood.他们的工作和生活会得到妥善安排。
  • My father gained a bare livelihood of family by his own hands.父亲靠自己的双手勉强维持家计。

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