China does not export inflation to other countries, expert

时间：2007-08-14 03:19:56

（单词翻译:单击）

Chinanews, Beijing, Aug. 14 – The rise of the prices of exported goods is the result of the rising costs, the Renminbi appreciation1 and Chinese exporters' growing capability2 in setting prices. China does not export inflation to other countries, said Mei Xinyu, a Ph.D holder3 who now works at the International Trade and Economic Cooperation Research Institute under the Ministry4 of Commerce.

 

China's export trade is dominated by processing trade and foreign-funded enterprises. The rise of the prices of exported goods is largely determined5 by the price rise of goods in intermediate chains. Since most of the goods in intermediate chains are imported from other countries, China can not control the prices of these goods, Mei said on Friday.

 

Since the mid6 1990s, China changed from a country that merely exported primary products and imported finished products to one that imported a large number of primary products. At present, China is the largest importer of copper7, manganese and other mineral resources. In addition, China is the world’s third largest oil importer, only next to the United States and Japan.

 

The price rise of exported goods, according to Mei, is caused by excessive liquidity8, which by itself is caused by the loose monetary9 policy adopted by governments in Western countries years ago. In Japan, for example, the Japanese government carried out a zero interest monetary policy. In the United States, from January 2001 to June 2003, the Federal Reserves cut down its interest rates thirteen times. As for China, excessive liquidity problem is caused by issuing too much base money, a measure taken in response to China's large foreign exchange reserves. The large foreign exchange reserves in China are caused by the high international payments surplus. In some way, China's large trade surplus is a manifestation10 of the high US fiscal11 deficits12. In order to solve the problem, it will not make any sense for China to act alone. Rather, governments from US, Europe and Japan should work with China to jointly13 solve the problem, Mei said.

 

Some experts say that on the whole, the price rise of exported goods is a good thing for China. It indicates that China has improved its position in the international labor14 division and interest distribution.

 
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1 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。
2 capability JsGzZ     
n.能力；才能；(pl)可发展的能力或特性等
参考例句：
  • She has the capability to become a very fine actress.她有潜力成为杰出演员。
  • Organizing a whole department is beyond his capability.组织整个部门是他能力以外的事。
3 holder wc4xq     
n.持有者，占有者；(台，架等)支持物
参考例句：
  • The holder of the office of chairman is reponsible for arranging meetings.担任主席职位的人负责安排会议。
  • That runner is the holder of the world record for the hundred-yard dash.那位运动员是一百码赛跑世界纪录的保持者。
4 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
5 determined duszmP     
adj.坚定的；有决心的
参考例句：
  • I have determined on going to Tibet after graduation.我已决定毕业后去西藏。
  • He determined to view the rooms behind the office.他决定查看一下办公室后面的房间。
6 mid doTzSB     
adj.中央的，中间的
参考例句：
  • Our mid-term exam is pending.我们就要期中考试了。
  • He switched over to teaching in mid-career.他在而立之年转入教学工作。
7 copper HZXyU     
n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的
参考例句：
  • The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
  • Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。
8 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
9 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。
10 manifestation 0RCz6     
n.表现形式；表明；现象
参考例句：
  • Her smile is a manifestation of joy.她的微笑是她快乐的表现。
  • What we call mass is only another manifestation of energy.我们称之为质量的东西只是能量的另一种表现形态。
11 fiscal agbzf     
adj.财政的，会计的，国库的，国库岁入的
参考例句：
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
12 deficits 08e04c986818dbc337627eabec5b794e     
n.不足额( deficit的名词复数 )；赤字；亏空；亏损
参考例句：
  • The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
  • Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句
13 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
14 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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