Economic data for 3rd quarter to be publicized soon

时间：2007-10-24 03:25:31

（单词翻译:单击）

Chinanews, Beijing, Oct 23 – “It can be expected that as the CPI started to decline in September and economy turns to grow smoothly1, macro economic performance for the third quarter will turn out to be good,” said Shen Minggao, chief economist2 at Citibank's greater China region on Sunday, two days before China will publicize its economic data for the third quarter this year, the Beijing Morning Post reported.

 

On Tuesday, the National Statistics Bureau will publicize the economic data for the third quarter of this year. When the CPI had kept climbing for several months consecutively3 and when China's economic growth rate reached 11.1% for the first quarter and further accelerated to 11.9% during the second quarter, many people were deeply concerned with how the economy would perform for the third quarter, since such economic situation would affect the economic performance for the whole year and play an important role for the central government to adopt its macro economic measures in future.

 

Shen said as China's trade surplus would further decline in the third quarter, the country would see a moderate, or even a declining economic growth rate for the third quarter.

 

“Our latest research makes us believe that GDP growth rate for the third quater will decline to 11.3%. If economists4 held differed views for the economic performance for the second quater, I believe their economic predictions for the third quarter will become more consistent,” Shen said.

 

In fact, since the third quarter, major economic data, including industrial added value, the actual consumption level and trade volume have been all in a downward trend. As a result, economic growth rate, which has remained at a high level for months, has begun to show signs of dropping.

 

And Citibank is not the only financial institution to hold an optimistic view on the economic performance in the third quarter. The State Information Center (SIC) and the National Economic Research Center at Peking University have both prodicted that economic growth rate will start to drop during the third quarter. SIC recently predicted economic growth rate for the third quarter to reach 11.4%, lower than the 11.9% of the second quarter.

 

In addition, the CPI, which had aroused people's attention for several months in the past, has also started to drop. Last week, deputy director of the State Development and Reform Commission Zhu Zhixin announced that in September, CPI grew by 6.2%, declining by 0.3 percentage point compared with the 6.5% growth rate in August. As China increased its supply of meat, eggs and other foods, Shen predicted that the CPI would continue to decline in the following months. He further expected that the CPI for the whole year would reach 3.5%-4%.

 

Despite the decline in the CPI, Shen still predicted that China would further raise the interest rate this year.

 

“Although CPI growth rate has reached its peak, still such growth rate is expected to touch 4% for the whole year. In that case, it is very possible for the central bank to raise the interest rate for the sixth time this year,” Shen noted5.

 
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点击收听单词发音收听单词发音  

1 smoothly iiUzLG     
adv.平滑地，顺利地，流利地，流畅地
参考例句：
  • The workmen are very cooperative,so the work goes on smoothly.工人们十分合作，所以工作进展顺利。
  • Just change one or two words and the sentence will read smoothly.这句话只要动一两个字就顺了。
2 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。
3 consecutively 8a3a87c7b36569b791fa7c38b06c1a2c     
adv.连续地
参考例句：
  • He was actually too depleted to think consecutively about anything. 他已经打不起一点精神，根本谈不上好好思考一下。 来自辞典例句
  • In any game, the right to serve shall pass consecutively. 在一局中，不错的发球挨次应该是。 来自互联网
4 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》
5 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。

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