2016年CRI China's economy grows 6.7 percent in the third quarter

 

Growth of 6.7-percent in both the 1st, 2nd and 3rd quarters has most observers now suggesting the Chinese government stands poised¹ to meet its full-year growth target of between 6.5 to 7-percent.

The analysis released along-side the new figures from the National Bureau of Statistics emphasizes this as well.

The NBS says China's growth has been maintained through the 3rd quarter as a result of expanded aggregate² demand, supply-side structural³ reforms and new economic drivers.

Some of the 3rd quarter growth has been boosted by revenue increase from some sectors⁵ the government has identified as suffering from overcapacity, such as steel and coal.

Sheng Laiyun spokesperson with the Stats Bureau says this would likely be a temporary phenomenon as central authorities continue to push ahead structural reforms.

"Certian regions have been reporting that some firms have had the impulse to return to large-scale production. In saying that, there are a few things I want to emphasise⁶, the first being that overall structural reforms in China is the central government's determined⁷ overall policy as part of the new normal."

The "new normal" is the term used to mark the switch from high-volume, low value production to more stable, high-value production.

The NBS says a stronger 3rd quarter performance in the high-tech⁸ and equipment manufacturing sectors has helped industrial output expand 6-percent in the first three quarters.

Another area of growth has been in real estate.

Investment growth in the sector⁴ rose to 5.8-percent through the first 3-quarters, a slight increase from the 5.4-percent over the first 8-months.

Numerous cities in China are moving to restrict home sales, leading to concerns that growth will take a hit.

But Sheng Laiyun says their analysis is suggesting the restrictions⁹ are beginning to bear fruit.

"Based on the situation in the almost half a month that's passed since October - because we haven't got all the data yet - based on a portion of the data, you can say that the adjustment and control policies have borne initial fruit, in some of the hottest cities, mainly the first tier and a few second tier ones, the property price have experienced a narrow decline."

Beyond industry and real estate, many have been looking at the Chinese government's new focus for economic growth: namely the service and high-tech sectors.

Yao Jingyuan, economic specialist with the State Council, says both these sectors appear to be stable.

"The service sector has been performing better. And the expansion of the sector has helped to drive up and stabilize¹⁰ employment to a large extent, while also help to improve people's livelihood¹¹. The high-tech industry has also contributed to the steady growth of the economy. Industries like new energy vehicles, artificial intelligence, aerospace¹² and e-commerce have all become new drivers for growth. "

The National Bureau of Statistics has said there are a number of uncertian factors, both inside and outside China, which could hamper¹³ economic growth.

Many believe the latest figures should be a much-needed ‘shot in the arm' to bolster¹⁴ confidence amid the continued economic pressure.

1 poised   

a.摆好姿势不动的

参考例句：

• The hawk poised in mid-air ready to swoop. 老鹰在半空中盘旋，准备俯冲。
• Tina was tense, her hand poised over the telephone. 蒂娜心情紧张，手悬在电话机上。

2 aggregate   

adj.总计的，集合的；n.总数；v.合计；集合

参考例句：

• The football team had a low goal aggregate last season.这支足球队上个赛季的进球总数很少。
• The money collected will aggregate a thousand dollars.进帐总额将达一千美元。

3 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

4 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

5 sectors   

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》

6 emphasise   

vt.加强...的语气，强调，着重

参考例句：

• What special feature do you think I should emphasise? 你认为我该强调什么呢？
• The exercises heavily emphasise the required readings.练习非常强调必须的阅读。

7 determined   

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。

8 high-tech   

adj.高科技的

参考例句：

• The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
• The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。

9 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

10 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

11 livelihood   

n.生计，谋生之道

参考例句：

• Appropriate arrangements will be made for their work and livelihood.他们的工作和生活会得到妥善安排。
• My father gained a bare livelihood of family by his own hands.父亲靠自己的双手勉强维持家计。

12 aerospace   

adj.航空的，宇宙航行的

参考例句：

• The world's entire aerospace industry is feeling the chill winds of recession.全世界的航空航天工业都感受到了经济衰退的寒意。
• Edward Murphy was an aerospace engineer for the US Army.爱德华·墨菲是一名美军的航宇工程师。

13 hamper   

vt.妨碍，束缚，限制；n.(有盖的)大篮子

参考例句：

• There are some apples in a picnic hamper.在野餐用的大篮子里有许多苹果。
• The emergence of such problems seriously hamper the development of enterprises.这些问题的出现严重阻碍了企业的发展。

14 bolster   

n.枕垫；v.支持，鼓励

参考例句：

• The high interest rates helped to bolster up the economy.高利率使经济更稳健。
• He tried to bolster up their morale.他尽力鼓舞他们的士气。