2020年CRI IMF: Chinese economy still robust despite trade tensions

 

In its latest annual assessment¹ of the Chinese economy, the International Monetary² Fund (IMF) is suggesting the Chinese economy remains³ robust⁴, despite external trade tensions.

The IMF says the Chinese economy continue to perform strongly with growth projected at 6.6% for the full year.

The IMF is offering a positive picture of the world's second largest economy after its annual regular consultation⁵ with the Chinese government in May.

The Fund's 2018 annual assessment of the Chinese economy, a 120-page document, comes at a time when China is in an intense trade conflict with the United States.

The IMF also says in its report that it welcomes Chinese authorities' strategy to decisively shift the policy focus from high-speed to high-quality growth.

It also acknowledged recent reform progress made in the country, such as improving financial regulation, reducing overcapacity and combating pollution.

The report specifically highlighted China's role as a global digital leader.

It says China's massive internet user population and supportive regulatory and supervisory environment have made the country a global leader in e-commerce, fin-tech and other frontier technologies.

The report also argues digitalization will continue to reshape the Chinese economy by improving efficiency and softening⁶ slowing growth.

As for the near terms risks, the Fund points out that, while the country's corporate⁷ debt to GDP ratio has stabilized⁸, government and household debt is still on the rise.

The IMF says the Chinese government may have to take strong actions over an extended period of time to address the issue.

Furthermore, the Fund is warning that risks are tilted⁹ to the downside, with tightening¹⁰ global financial market conditions and rising trade tensions.

The Fund suggests Chinese authorities move to resolve policy tensions now and focus on high-quality growth and a greater role for the market.

It says if these actions are taken more decisively, the country's near-term growth would be weaker but long-term growth will be stronger and more sustainable.

1 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？

2 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

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 robust   

adj.强壮的，强健的，粗野的，需要体力的，浓的

参考例句：

• She is too tall and robust.她个子太高，身体太壮。
• China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道，中国希望保持经济强势增长，以减少贫困和失业状况。

5 consultation   

n.咨询；商量；商议；会议

参考例句：

• The company has promised wide consultation on its expansion plans.该公司允诺就其扩展计划广泛征求意见。
• The scheme was developed in close consultation with the local community.该计划是在同当地社区密切磋商中逐渐形成的。

6 softening   

变软，软化

参考例句：

• Her eyes, softening, caressed his face. 她的眼光变得很温柔了。它们不住地爱抚他的脸。 来自汉英文学 - 家（1-26） - 家（1-26）
• He might think my brain was softening or something of the kind. 他也许会觉得我婆婆妈妈的，已经成了个软心肠的人了。

7 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

8 stabilized   

v.（使）稳定， （使）稳固( stabilize的过去式和过去分词 )

参考例句：

• The patient's condition stabilized. 患者的病情稳定下来。
• His blood pressure has stabilized. 他的血压已经稳定下来了。 来自《现代英汉综合大词典》

9 tilted   

v. 倾斜的

参考例句：

• Suddenly the boat tilted to one side. 小船突然倾向一侧。
• She tilted her chin at him defiantly. 她向他翘起下巴表示挑衅。

10 tightening   

上紧，固定，紧密

参考例句：

• Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
• It needs tightening up a little. 它还需要再收紧些。