Expert: Chinese economy might witness turning point in 2nd h

时间：2007-01-19 02:04:36

（单词翻译:单击）

Chinanews, Beijing, Jan. 18 – Influenced by excessive production capacity, Chinese economy might experience a turning point in the second half of this year, with the economic growth rate possibly falling to 8%, said Wang Jian, general secretary of the Macroeconomic Society of the State Development and Reform Commission.

 

He made the remarks Monday while attending the China Economic Forum1. At the forum, Wang spoke2 highly of the Chinese economic performance in 2006, saying that while the economy maintained the high growth rate of 10%, inflation was kept at only 1.5%. From a global perspective, such good economic performance could only occur in China.

 

However, Wang voiced his worry about the future economic situation this year. The recent round of economic cycle, which started four years ago, will end this year. High investment activities will inevitably3 bring about an all-round excessive production capacity crisis, Wang said.

 

In fact, excessive production capacity began to occur in some industrial sectors4 last year. In steel production, investment rate once reached 173% in 2004 and in electric power generation, investment once reached 62.7%. In March last year, investment rate in steel turned to be negative and in electric power generation investment growth rate fell to 13.5% in the previous 11 months. Such decline will meet its lowest point this year. Without the support of high consumption demand, economic decline will become inevitable5 when investment growth starts to slow down, Wang said.

 

The declining US economy will also bring a negative influence to domestic economy. The ever-increasing trade surplus has greatly alleviated6 the excessive production capacity problem for the time being. However, as US economy will slow down this year, trade volume will also reduce and this will make excessive production problem further worsen, Wang said.

 

However, not everyone agrees to this view. Qin Hongyu, an analyst7 at the BNP Paribas, a European banking8 and financial firm, said that currently, 75% of production had been utilized9 and there is no sign to show that excessive production capacity will occur now. Under the influence of the US economy, Chinese economy will slow down this year. However, economic growth rate can still reach 9.6%, not 8%, for 2007, he said.

 
分享到：


点击收听单词发音收听单词发音  

1 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。
2 spoke XryyC     
n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说
参考例句：
  • They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
  • The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。
3 inevitably x7axc     
adv.不可避免地；必然发生地
参考例句：
  • In the way you go on,you are inevitably coming apart.照你们这样下去，毫无疑问是会散伙的。
  • Technological changes will inevitably lead to unemployment.技术变革必然会导致失业。
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 inevitable 5xcyq     
adj.不可避免的，必然发生的
参考例句：
  • Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
  • The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。
6 alleviated a4745257ebd55707de96128297f486e1     
减轻，缓解，缓和( alleviate的过去式和过去分词 )
参考例句：
  • It is always completely alleviated by total gastrectomy. 全胃切除永远完全缓解症状。
  • Toxicity problem in manufacturing and storage might be alleviated by coating beryllium with aluminum. 但如果用铝包覆铍，则可避免加工过程中及储存期间的中毒问题。
7 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
8 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
9 utilized a24badb66c4d7870fd211f2511461fff     
v.利用，使用( utilize的过去式和过去分词 )
参考例句：
  • In the19th century waterpower was widely utilized to generate electricity. 在19世纪人们大规模使用水力来发电。 来自《简明英汉词典》
  • The empty building can be utilized for city storage. 可以利用那栋空建筑物作城市的仓库。 来自《简明英汉词典》

©2005-2010英文阅读网