2016年CRI European and Chinese Economists Confident in China's Growth

 

Chinese Premiere Li Keqiang delivered a government work report at the opening session of this year's National People's Congress earlier this month.

The report set China's economic growth target this year in the range of 6.5 to 7 percent, following a 6.9-percent growth in 2015.

This year's target is aligned² with the country's goal of completing the building of a moderately prosperous society in all respects by 2020, which will conclude China's 13th Five Year Plan for economic and social development.

The report also re-affirmed the importance of supply-side structural³ reform, a popular notion proposed by Chinese policymakers last November. The idea was aimed as a remedy for economic ills caused by breakneck growth.

Mark Boleat serves as Chairman of the Policy and Resources Committee at the City of London Corporation. He says supply-side reform will be necessary for China in the long run.

"Supply-side reform is important, probably in every country in the world, but certainly in China. The Chinese economy's been very successful but on the basis of a structure that isn't going to be as effective going forward. That's well understood by the Chinese authorities. They know there is a need to reform the state-owned enterprises and a number of other features of the Chinese economy, so that it can become more competitive, which it's going to need to be in the years ahead."

Managing Director of Bloomberg China Huang Yiquan says several measures laid out in the Premier's report will contribute to healthy economic growth.

"Well for me, the three main takeaways are: No. 1, the lower growth target. No 2, the promise of expanded pro-growth measures. And No. 3, the commitment to far-reaching reforms. Now these three goals together, growth will be slower, but with the right reforms the growth will be more sustainable and healthy. And the government has policy space to provide support along the way. What's most important is that the long-term growth potential for China is clear and long-term investment opportunities are evident."

Internationally, China's ongoing⁴ Belt and Road Initiative has aimed to align¹ China's development goals with those of other nations to stimulate⁵ regional economies.

Slawomir Majman is the president of the Polish Information and Foreign Investment Agency. He hopes Poland will take advantage of the mutually beneficial initiative.

"We are strongly supporting the whole vision of the Belt and Road, which is one of the milestones⁶ of the history of China I would say, because it's a demonstration⁷ that China is moving into a new role, a global role, on the economic and political arena⁸. We would like to reserve for Poland and reserve for this region, a distinct place in this great vision of Chinese leadership. "

The initiative was proposed by China in 2013. It refers to the Silk Road Economic Belt and the 21st Century Maritime⁹ Silk Road, which covers countries in Asia, Europe and Africa.

For CRI, I'm Victor Ning.

1 align   

vt.使成一线，结盟，调节；vi.成一线，结盟

参考例句：

• Align the ruler and the middle of the paper.使尺子与纸张的中部成一条直线。
• There are signs that the prime minister is aligning himself with the liberals.有迹象表明首相正在与自由党人结盟。

2 aligned   

adj.对齐的，均衡的

参考例句：

• Make sure the shelf is aligned with the top of the cupboard.务必使搁架与橱柜顶端对齐。

3 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。

4 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

5 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。

6 milestones   

n.重要事件( milestone的名词复数 )；重要阶段；转折点；里程碑

参考例句：

• Several important milestones in foreign policy have been passed by this Congress and they can be chalked up as major accomplishments. 这次代表大会通过了对外政策中几起划时代的事件，并且它们可作为主要成就记录下来。 来自《简明英汉词典》
• Dale: I really envy your milestones over the last few years, Don. 我真的很羡慕你在过去几年中所建立的丰功伟绩。 来自互联网

7 demonstration   

n.表明，示范，论证，示威

参考例句：

• His new book is a demonstration of his patriotism.他写的新书是他的爱国精神的证明。
• He gave a demonstration of the new technique then and there.他当场表演了这种新的操作方法。

8 arena   

n.竞技场，运动场所；竞争场所，舞台

参考例句：

• She entered the political arena at the age of 25. 她25岁进入政界。
• He had not an adequate arena for the exercise of his talents.他没有充分发挥其才能的场所。

9 maritime   

adj.海的，海事的，航海的，近海的，沿海的

参考例句：

• Many maritime people are fishermen.许多居于海滨的人是渔夫。
• The temperature change in winter is less in maritime areas.冬季沿海的温差较小。