2016年CRI Chinese Finance Minister Blasts Rating Agencies Bias

 

Lou Jiwei made the remarks Friday in Washington in the wake of the recent downgrading of China's outlook by two U.S. credit rating agencies. 

He says the outlook fails to reflect the real picture of the Chinese economy. 

"We have just published the data for first quarter's GDP growth, which is 6.7% growth and still very high. This 6.7% is a bit below our previous performance. I think this is still within our expectation."

He noted¹ that while the scale of local government debt is still high, the central government's debt ratio is very low. And measures have been taken to bring the size of local government debt under control. 

In addition, Lou pointed² out that market assessments⁴ of China's sovereign bonds have always been higher than the ratings given by those agencies. 

"I really hope the credit rating agencies could have more effective communications with the countries rated by them which will help them come to more comprehensive and objective assessment³ of the economic situation of the country and the measures that are taken by those countries."

Lou Jiwei also pointed out that China's supply-side reform has yield major achievements. Deregulation, price reform and free flow of resources are the three major measures that have been taken. These reforms, according to Lou, will benefit the economy in the long run. 

1 noted   

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。

2 pointed   

adj.尖的，直截了当的

参考例句：

• He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
• She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。

3 assessment   

n.评价；评估；对财产的估价，被估定的金额

参考例句：

• This is a very perceptive assessment of the situation.这是一个对该情况的极富洞察力的评价。
• What is your assessment of the situation?你对时局的看法如何？

4 assessments   

n.评估( assessment的名词复数 )；评价；（应偿付金额的）估定；（为征税对财产所作的）估价

参考例句：

• He was shrewd in his personal assessments. 他总能对人作出精明的评价。 来自《简明英汉词典》
• Surveys show about two-thirds use such assessments, while half employ personality tests. 调查表明，约有三分之二的公司采用了这种测评；而一半的公司则采用工作人员个人品质测试。 来自百科语句