2015年CRI Chinese Premier Says Chinese Economy within Proper Range amid Pressures

 

Using a popular Chinese quip, Premier¹ Li Keqiang says China has been wrongly-criticized for creating the possibility of a currency war with the recent depreciation² of the Renminbi.

"It's like you are shot by a bullet even though you have assumed a prostrate³ position. After a small-scale depreciation, the exchange rate of the Renminbi is now in a continuous stable state. There is no basis for us to continuously devalue the Renminbi. The economy of China is operating within a reasonable range. We have a sufficient amount of foreign reserves, and the trade surplus is still increasing. All this shows that the Renminbi will be kept in a balanced and stable state and within a reasonable range."

Offering further assurance, Li Keqiang says there is no intention of China trying to boost exports through the depreciation of the yuan.

"We are not intending to stimulate⁴ exports by devaluating the Renminbi because this is not in accordance with our direction of economic structural⁵ adjustments. A continuous depreciation of the yuan will not benefit the internationalization of the Chinese currency. It is not a good policy choice for China. We've already stated our intentions of allowing the Renminbi be part of the IMF's Special Drawing Rights basket. Instead of being a source of global financial risk, we know China remains⁶ one of the drivers of global growth. "

At the same time, the Premier has also addressed the recent downturn in the Chinese stock markets.

Li Keqiang has told the forum⁷ in Dalian the government's intervention⁸ in the markets is meant only to prevent systemic risk.

"The measures are normal practice in global markets. They were in no way meant to replace the market or weaken the role of the financial markets. For our next step, we will continue to persist with a market-oriented, law-based system to establish an open and transparent⁹ capital market which will enjoy long-term healthy development."

On the downward press the Chinese economy currently faces, Li Keqiang has told the group the Chinese economy is stabilizing¹⁰, despite a slower growth pace.

He also says the slower growth is not going to affect the current strategy of structural adjustments.

"China is promoting the structural reform. In the process, the change of growth engines can lead to some economic fluctuations¹¹. This is inevitable¹². We will keep deepening economic reforms and promoting structural adjustments. The Chinese government is capable of maintaining the economic growth at a medium-to-high level."

At the same time, Li Keqiang has also told the crowd of global business leaders the Chinese government is moving to make it easier for foreigners to invest in China.

Arif Masood Naqvi, founder¹³ and CEO of the Abraaj Group, is among those who says he appreciates the candid¹⁴ responses from the Premier.

"Fantastic clarity. I really enjoyed it. So he is very clear and very transparent about all the issues that China faces and how China intends to address them. And I think he is also very clear about where the opportunities for foreign investors¹⁵ are. I think that is very refreshing¹⁶ and good to hear a leader to say that. To me people dodge¹⁷ the questions. He was very clear in answering every question."

Premier Li Keqiang is set to deliver a keynote speech at the Summer Davos Forum later on this Thursday.

1 premier   

adj.首要的；n.总理，首相

参考例句：

• The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
• He requested that the premier grant him an internview.他要求那位总理接见他一次。

2 depreciation   

n.价值低落，贬值，蔑视，贬低

参考例句：

• She can't bear the depreciation of the enemy.她受不了敌人的蹂躏。
• They wrote off 500 for depreciation of machinery.他们注销了500镑作为机器折旧费。

3 prostrate   

v.拜倒，平卧，衰竭；adj.拜倒的，平卧的，衰竭的

参考例句：

• She was prostrate on the floor.她俯卧在地板上。
• The Yankees had the South prostrate and they intended to keep It'so.北方佬已经使南方屈服了,他们还打算继续下去。

4 stimulate   

vt.刺激，使兴奋；激励，使…振奋

参考例句：

• Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
• Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。

5 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。

6 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。

7 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。

8 intervention   

n.介入，干涉，干预

参考例句：

• The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
• Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。

9 transparent   

adj.明显的，无疑的；透明的

参考例句：

• The water is so transparent that we can see the fishes swimming.水清澈透明，可以看到鱼儿游来游去。
• The window glass is transparent.窗玻璃是透明的。

10 stabilizing   

n.稳定化处理[退火]v.（使）稳定， （使）稳固( stabilize的现在分词 )

参考例句：

• The disulfide bridges might then be viewed primarily as stabilizing components. 二硫桥可以被看作是初级的稳定因素。 来自辞典例句
• These stabilizing design changes are usually not desirable for steady-state operation. 这些增加稳定性的设计改变通常不太符合稳态工作的要求。 来自辞典例句

11 fluctuations   

波动，涨落，起伏( fluctuation的名词复数 )

参考例句：

• He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
• There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。

12 inevitable   

adj.不可避免的，必然发生的

参考例句：

• Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
• The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。

13 Founder   

n.创始者，缔造者

参考例句：

• He was extolled as the founder of their Florentine school.他被称颂为佛罗伦萨画派的鼻祖。
• According to the old tradition,Romulus was the founder of Rome.按照古老的传说，罗穆卢斯是古罗马的建国者。

14 candid   

adj.公正的，正直的；坦率的

参考例句：

• I cannot but hope the candid reader will give some allowance for it.我只有希望公正的读者多少包涵一些。
• He is quite candid with his friends.他对朋友相当坦诚。

15 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

16 refreshing   

adj.使精神振作的，使人清爽的，使人喜欢的

参考例句：

• I find it'so refreshing to work with young people in this department.我发现和这一部门的青年一起工作令人精神振奋。
• The water was cold and wonderfully refreshing.水很涼，特别解乏提神。

17 dodge   

v.闪开，躲开，避开；n.妙计，诡计

参考例句：

• A dodge behind a tree kept her from being run over.她向树后一闪，才没被车从身上辗过。
• The dodge was coopered by the police.诡计被警察粉碎了。