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(单词翻译:双击或拖选)
Growth of 6.7-percent in both the 1st, 2nd and 3rd quarters has most observers now suggesting the Chinese government stands poised1 to meet its full-year growth target of between 6.5 to 7-percent.
The analysis released along-side the new figures from the National Bureau of Statistics emphasizes this as well.
The NBS says China's growth has been maintained through the 3rd quarter as a result of expanded aggregate2 demand, supply-side structural3 reforms and new economic drivers.
Some of the 3rd quarter growth has been boosted by revenue increase from some sectors5 the government has identified as suffering from overcapacity, such as steel and coal.
Sheng Laiyun spokesperson with the Stats Bureau says this would likely be a temporary phenomenon as central authorities continue to push ahead structural reforms.
"Certian regions have been reporting that some firms have had the impulse to return to large-scale production. In saying that, there are a few things I want to emphasise6, the first being that overall structural reforms in China is the central government's determined7 overall policy as part of the new normal."
The "new normal" is the term used to mark the switch from high-volume, low value production to more stable, high-value production.
The NBS says a stronger 3rd quarter performance in the high-tech8 and equipment manufacturing sectors has helped industrial output expand 6-percent in the first three quarters.
Another area of growth has been in real estate.
Investment growth in the sector4 rose to 5.8-percent through the first 3-quarters, a slight increase from the 5.4-percent over the first 8-months.
Numerous cities in China are moving to restrict home sales, leading to concerns that growth will take a hit.
But Sheng Laiyun says their analysis is suggesting the restrictions9 are beginning to bear fruit.
"Based on the situation in the almost half a month that's passed since October - because we haven't got all the data yet - based on a portion of the data, you can say that the adjustment and control policies have borne initial fruit, in some of the hottest cities, mainly the first tier and a few second tier ones, the property price have experienced a narrow decline."
Beyond industry and real estate, many have been looking at the Chinese government's new focus for economic growth: namely the service and high-tech sectors.
Yao Jingyuan, economic specialist with the State Council, says both these sectors appear to be stable.
"The service sector has been performing better. And the expansion of the sector has helped to drive up and stabilize10 employment to a large extent, while also help to improve people's livelihood11. The high-tech industry has also contributed to the steady growth of the economy. Industries like new energy vehicles, artificial intelligence, aerospace12 and e-commerce have all become new drivers for growth. "
The National Bureau of Statistics has said there are a number of uncertian factors, both inside and outside China, which could hamper13 economic growth.
Many believe the latest figures should be a much-needed ‘shot in the arm' to bolster14 confidence amid the continued economic pressure.
1 poised | |
a.摆好姿势不动的 | |
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2 aggregate | |
adj.总计的,集合的;n.总数;v.合计;集合 | |
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3 structural | |
adj.构造的,组织的,建筑(用)的 | |
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4 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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5 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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6 emphasise | |
vt.加强...的语气,强调,着重 | |
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7 determined | |
adj.坚定的;有决心的 | |
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8 high-tech | |
adj.高科技的 | |
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9 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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10 stabilize | |
vt.(使)稳定,使稳固,使稳定平衡;vi.稳定 | |
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11 livelihood | |
n.生计,谋生之道 | |
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12 aerospace | |
adj.航空的,宇宙航行的 | |
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13 hamper | |
vt.妨碍,束缚,限制;n.(有盖的)大篮子 | |
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14 bolster | |
n.枕垫;v.支持,鼓励 | |
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