China might take tightening policy to handle inflation probl

时间：2007-08-11 02:36:45

（单词翻译:单击）

Chinanews, Beijing, Aug 10 – Chinese government is afflicted1 by the possible inflation problem. On Wednesday, the central bank issued a report analyzing2 the implementation3 of China's monetary4 policies during the second quarter of this year. The report reminds governments at all levels to direct their attention to the current price hike and prevent an overall price rise. This is the first time for the central bank to issue a warning about the possible overall inflation. Some economists5 predict that the central government might take a series of tightening7 policies during the latter half of the year to control macro economy.

 

The current price hike was initiated8 by the price rise in foods and it seems the price rise has now spread to other goods as well. The report says that during the first half of the year, CPI growth rate reached 3.2%.

 

“The price rise in foods and eggs has now begun to affect the downstream industries, such as catering9 and food processing,” the report points out.

 

The central bank's report contradicts the earlier claim by the spokesperson at the National Statistics Bureau, who said that CPI growth was a structural10 problem and if appropriate measures were taken, it would not cause an overall price rise.

 

According to the central bank, the current price hike is not accidental or temporary occurrence. Rather, it is caused by various factors working together. The rising production costs, the growing demand and some structural problems all contribute to the problem. The price rise in foods, meat and eggs may last for a certain period of time in future. At the same time, there are possibilities for the price of energy resources to go up, labor11 costs to rise and inflation to expect further strengthening, the report says.

 

Next Monday, China will publicize the CPI figures for July. The figures will become an important basis for the central government to decide what measures to take in the next stage. Despite the fact that CPI figures of June hit 4.4%, a historical high in past 33 months, such figures might continue to rise in July to even exceed 5%. According to Wang Qing, chief economist6 at Morgan Stanley's China region, CPI figures in July might even touch 5.5%.

 
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1 afflicted aaf4adfe86f9ab55b4275dae2a2e305a     
使受痛苦，折磨( afflict的过去式和过去分词 )
参考例句：
  • About 40% of the country's population is afflicted with the disease. 全国40%左右的人口患有这种疾病。
  • A terrible restlessness that was like to hunger afflicted Martin Eden. 一阵可怕的、跟饥饿差不多的不安情绪折磨着马丁·伊登。
2 analyzing be408cc8d92ec310bb6260bc127c162b     
v.分析；分析( analyze的现在分词 )；分解；解释；对…进行心理分析n.分析
参考例句：
  • Analyzing the date of some socialist countries presents even greater problem s. 分析某些社会主义国家的统计数据，暴露出的问题甚至更大。 来自辞典例句
  • He undoubtedly was not far off the mark in analyzing its predictions. 当然，他对其预测所作的分析倒也八九不离十。 来自辞典例句
3 implementation 2awxV     
n.实施，贯彻
参考例句：
  • Implementation of the program is now well underway.这一项目的实施现在行情看好。
4 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。
5 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家，经济专家( economist的名词复数 )
参考例句：
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
6 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
7 tightening 19aa014b47fbdfbc013e5abf18b64642     
上紧，固定，紧密
参考例句：
  • Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
  • It needs tightening up a little. 它还需要再收紧些。
8 initiated 9cd5622f36ab9090359c3cf3ca4ddda3     
n. 创始人 adj. 新加入的 vt. 开始，创始，启蒙，介绍加入
参考例句：
  • He has not yet been thoroughly initiated into the mysteries of computers. 他对计算机的奥秘尚未入门。
  • The artist initiated the girl into the art world in France. 这个艺术家介绍这个女孩加入巴黎艺术界。
9 catering WwtztU     
n. 给养
参考例句：
  • Most of our work now involves catering for weddings. 我们现在的工作多半是承办婚宴。
  • Who did the catering for your son's wedding? 你儿子的婚宴是由谁承办的？
10 structural itXw5     
adj.构造的，组织的，建筑（用）的
参考例句：
  • The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
  • The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。
11 labor P9Tzs     
n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦
参考例句：
  • We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
  • He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

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