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(单词翻译:双击或拖选)
New figures show China's economic growth slowed to just 7.4 percent last year, the weakest rate in over two decades.
The rate is within market expectations though, and comes amid the government's efforts to rebalance the economy, weaning itself off overreliance on investment and trade in favor of domestic consumption.
The International Monetary1 Fund has cut its forecast for the China's economic growth this year to 6.8 percent.
It's widely expected Chinese policy-makers are going to set their own growth targets for this year at around 7-percent.
China and Switzerland are poised2 to sign a financial deal to pave the way for the establishment of an offshore3 renminbi market in Zurich.
The deal is to be signed during Chinese Premier4 Li Keqiang's visit to Switzerland, where he is due to attend the annual World Economic Forum5 in Davos and pay a working visit to the country.
Under the deal, China will give Switzerland a quota6 of about 8 billion U.S. dollars to support the establishment of the Zurich offshore RMB market.
A Chinese bank will be permitted to open a branch in the Swiss financial hub after the RMB clearance7 plan has been approved by both sides.
1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 poised | |
a.摆好姿势不动的 | |
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3 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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4 premier | |
adj.首要的;n.总理,首相 | |
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5 forum | |
n.论坛,讨论会 | |
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6 quota | |
n.(生产、进出口等的)配额,(移民的)限额 | |
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7 clearance | |
n.净空;许可(证);清算;清除,清理 | |
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