2016年CRI Economic Issues Top Political Advisors' Concerns

 

Chinese government's growth target, as well as details of plans to shore up the economy, is being closely watched for at this year's CPPCC sessions.

CPPCC National Committee member Liu Shijin says economic growth is a leading concern among the public.

"In the short term, people are concerned about the current macroeconomic trend, as the downward pressure is fairly large."

Growth in China came in last year at 6.9-percent, which authorities say is part of the "new normal," following years of growth which hovered¹ in-and-around the double-digit mark on an annual basis.

However, discussions now among advisors² are what growth rate will be acceptable for this year.

Economist³ Jia Kang argues it's necessary to prevent economic growth from falling below 6.5 percent.

"I think the growth range of 6.5 percent to 7 percent is acceptable. If the rate falls to less than 6.5 percent, we will have to bring in measures to stabilize⁴ growth."

Many economic observers have suggested a growth rate of 6.5-percent is needed in China to ensure that job numbers remain at a reasonable level.

Chinese President and CPC General Secretary Xi Jinping is on-record saying annual growth of at least 6.5 percent will be required to reach the government's goal of doubling the per capita income of people from 2010's figures in the next 5-year plan.

CPPCC member Jia Kang is predicting the Chinese economy is likely to bottom out at about 6.5 percent this year before stabilizing⁵.

At the same time, Huang Yiping, a professor of the National Development Institute at Peking University, says stabilizing growth will require action.

"What we are concerned about is not simply the speed of economic growth, but what measures will be needed for realizing basic economic growth."

Huang says this will require following a basic principle.

"The reform tasks are clear: Cut down on excessive production capacity, leverage⁶ and inventories⁷ to dry up excess capacity and reduce costs. The motivation and the goals are obvious. What we want to see during the NPC and CPPCC sessions is what exact measures will be taken, and how strong the measures are."

The country's top lawmaking body, the National People's Congress, will convene⁸ on Saturday.

Aside from deliberating the details of the Government Work Report for this past year, they'll also be discussing numerous reform policies before giving their approval.

Most observers expect both lawmakers and political advisers⁹ are going to endorse¹⁰ a growth target of 6.5 to 7 percent for this year, as well as a more proactive fiscal¹¹ policy.

They're also expected to endorse a plan to increase the national deficit¹², while at the same time, allowing for more tax and fee cuts.

For CRI, this is Luo Bin¹³.

1 hovered   

鸟( hover的过去式和过去分词 )； 靠近（某事物）； （人）徘徊； 犹豫

参考例句：

• A hawk hovered over the hill. 一只鹰在小山的上空翱翔。
• A hawk hovered in the blue sky. 一只老鹰在蓝色的天空中翱翔。

2 advisors   

n.顾问，劝告者( advisor的名词复数 )；（指导大学新生学科问题等的）指导教授

参考例句：

• The governors felt that they were being strung along by their advisors. 地方长官感到他们一直在受顾问们的愚弄。 来自《现代汉英综合大词典》
• We will consult together with advisors about her education. 我们将一起和专家商议她的教育事宜。 来自互联网

3 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。

4 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。

5 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

6 leverage   

n.力量，影响；杠杆作用，杠杆的力量

参考例句：

• We'll have to use leverage to move this huge rock.我们不得不借助杠杆之力来移动这块巨石。
• He failed in the project because he could gain no leverage. 因为他没有影响力，他的计划失败了。

7 inventories   

n.总结( inventory的名词复数 )；细账；存货清单（或财产目录）的编制

参考例句：

• In other cases, such as inventories, inputs and outputs are both continuous. 在另一些情况下，比如存货，其投入和产出都是持续不断的。
• The store must clear its winter inventories by April 1st. 该店必须在4月1日前售清冬季存货。

8 convene   

v.集合，召集，召唤，聚集，集合

参考例句：

• The Diet will convene at 3p.m. tomorrow.国会将于明天下午三点钟开会。
• Senior officials convened in October 1991 in London.1991年10月，高级官员在伦敦会齐。

9 advisers   

顾问，劝告者( adviser的名词复数 )； （指导大学新生学科问题等的）指导教授

参考例句：

• a member of the President's favoured circle of advisers 总统宠爱的顾问班子中的一员
• She withdrew to confer with her advisers before announcing a decision. 她先去请教顾问然后再宣布决定。

10 endorse   

vt.(支票、汇票等)背书，背署；批注；同意

参考例句：

• No one is foolish enough to endorse it.没有哪个人会傻得赞成它。
• I fully endorse your opinions on this subject.我完全拥护你对此课题的主张。

11 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。

12 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

13 bin   

n.箱柜；vt.放入箱内；[计算机] DOS文件名:二进制目标文件

参考例句：

• He emptied several bags of rice into a bin.他把几袋米倒进大箱里。
• He threw the empty bottles in the bin.他把空瓶子扔进垃圾箱。