Chinese macro economic control faces 3 major problems

时间：2007-10-13 03:12:07

（单词翻译:单击）

Chinanews, Shanghai, Oct 12 – In recent years, as more and more new problems emerge, China's macro economic control has become more difficult, said Chen Jiagui, a well-known economist1 and vice2 president of the Chinese Academy of Social Sciences, on Wednesday, the Shanghai Securities Journal reported.

 

“The most recent round of economic control started in 2003; however, up to now the problem of the fast investment growth has not been solved completely yet. While the old problem remains3, the problem of huge surplus in trade emerged in 2004. This year, another problem has emerged with the fast increase of assets prices.

 

All these problems have made it more difficult for the government to practice its macro economic control, said Chen at a forum4 that analyzed5 the current conditions of the economy and its prospect6 in future. The forum was held by the Chinese Academy of Social Sciences.

 

According to Chen, the increasing difficulty in government macro economic control arises from the following aspects:

 

First, government officials hold different views regarding the economic growth. This has placed a negative effect on government macro economic measures. “Once, we predicted that Chinese GDP growth might reach somewhere around 8%. In reality, however, the GDP has always maintained a 10% growth in recent years. It is obvious that the economy has a tendency to become overheated. However, if the central government views GDP merely as a kind of achievement, it might send a wrong signal to local governments and companies, causing them reluctant to cooperate with the central government in its efforts to cool down the economy.”

 

Second, Chinese economy has now entered into a fast track of development. As the economy expands quickly, economic scale has become fairly large. Under this circumstance, it is really difficult for the government's measures to take effect immediately.

 

Third, economic reform has not been implemented7 thoroughly8. In some way, local government still plays a decisive role in making investment decisions. Meanwhile, China's fiscal9 policy also needs to be improved.

 
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1 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。
2 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
3 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。
4 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
5 analyzed 483f1acae53789fbee273a644fdcda80     
v.分析( analyze的过去式和过去分词 )；分解；解释；对…进行心理分析
参考例句：
  • The doctors analyzed the blood sample for anemia. 医生们分析了贫血的血样。 来自《简明英汉词典》
  • The young man did not analyze the process of his captivation and enrapturement, for love to him was a mystery and could not be analyzed. 这年轻人没有分析自己蛊惑著迷的过程，因为对他来说，爱是个不可分析的迷。 来自《简明英汉词典》
6 prospect P01zn     
n.前景，前途；景色，视野
参考例句：
  • This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
  • The prospect became more evident.前景变得更加明朗了。
7 implemented a0211e5272f6fc75ac06e2d62558aff0     
v.实现( implement的过去式和过去分词 )；执行；贯彻；使生效
参考例句：
  • This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
  • The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革，经济就面临崩溃的危险。 来自辞典例句
8 thoroughly sgmz0J     
adv.完全地，彻底地，十足地
参考例句：
  • The soil must be thoroughly turned over before planting.一定要先把土地深翻一遍再下种。
  • The soldiers have been thoroughly instructed in the care of their weapons.士兵们都系统地接受过保护武器的训练。
9 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。

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