2016年CRI Vice President Upbeat on China's Economy

 

Speaking at the World Economic Forum¹ in Davos, Chinese Vice² President Li Yuanchao described growth in 2015 as "steady" and said China is still an economic force.

"China remains³ a major driving force for global economic growth. This is my first point. Second, China has the confidence and capability⁴ to maintain medium to high growth. As the world is yet to shrug⁵ off the deep impact of the global financial crisis, its economy is still in the period of profound adjustment. The Chinese economy, closely connected with the world economy, has entered a new normal, shifting from fast, quantitative⁶ expansion, to a stage of pursuing higher quality and efficiency."

Investor⁷ concerns mounted over the health of China's economy with official figures showing that GDP growth expanded at an annual grow rate of 6.9 percent in 2015, its weakest rate in the past 25 years.

The Vice President stressed that in the past five years, China's GDP grew from over 7 trillion US dollars to over 10 trillion , forming a solid material foundation for future development.

The fiscal⁸ revenue for China for 2015 is expected to grow by more than five percent and by the end of 2015, China's foreign exchange reserve surpassed 3.3 trillion US dollars, being the world's biggest.

Li says China will improve cooperation with the rest of the world and take steps to facilitate foreign investment.

"We will speed up negotiations⁹ on investment agreements and tear down all kinds of trade barriers, continue to improve the environment for foreign investors¹⁰ in China, and to participate actively¹¹ in global economic governance."

The vice president says China's development priority in the coming years is to maintain medium to high growth, and provide new driving forces for the economy.

World Bank Vice President and Chief Economist¹² Kaushik Basu says China's GDP growth rate, compared to the rest of the world, remains quite remarkable¹³.

He says China's structural¹⁴ reform is moving in the right direction and suggested that China should take the opportunity of the fourth industrial revolution to achieve economic restructuring.

"China, actually in some areas of digital technology, China is already in a leadership role. Retail¹⁵ trading, the retail business in China is extremely advanced. So China should take the model of its own success in the retail sector¹⁶. For other kinds of digital connectivity that links up its people, that has some negative fallouts and dangers, but to stay away from a new technology which has arrived in the word is going to disadvantage you hugely."

Basu also says the highest risk for the global economy this year will come from emerging economies.

The economic performance of emerging economies differs greatly, as the economies of China and India are quite stable while Brazil and South Africa are in recession.

For CRI, I'm Guo Yan.

1 forum   

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 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

3 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

4 capability   

n.能力；才能；(pl)可发展的能力或特性等

参考例句：

• She has the capability to become a very fine actress.她有潜力成为杰出演员。
• Organizing a whole department is beyond his capability.组织整个部门是他能力以外的事。

5 shrug   

v.耸肩(表示怀疑、冷漠、不知等)

参考例句：

• With a shrug,he went out of the room.他耸一下肩，走出了房间。
• I admire the way she is able to shrug off unfair criticism.我很佩服她能对错误的批评意见不予理会。

6 quantitative   

adj.数量的，定量的

参考例句：

• He said it was only a quantitative difference.他说这仅仅是数量上的差别。
• We need to do some quantitative analysis of the drugs.我们对药物要进行定量分析。

7 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

8 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

9 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

10 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

11 actively   

adv.积极地，勤奋地

参考例句：

• During this period all the students were actively participating.在这节课中所有的学生都积极参加。
• We are actively intervening to settle a quarrel.我们正在积极调解争执。

12 economist   

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。

13 remarkable   

adj.显著的，异常的，非凡的，值得注意的

参考例句：

• She has made remarkable headway in her writing skills.她在写作技巧方面有了长足进步。
• These cars are remarkable for the quietness of their engines.这些汽车因发动机没有噪音而不同凡响。

14 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。

15 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

16 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。