Summer Davos: Premier Wen Confident about Global Recovery

Chinese Premier¹ Wen Jiabao has expressed his confidence in the state of the global economy as Europe struggles with a debt crisis and Washington tries to revive America's sluggish² growth.

Su Yi has more.

 The Chinese Premier made the comments on the opening day of the Annual Meeting of the New Economic Champions, also known as the Summer Davos, in the Chinese port city of Dalian.

"China will adhere to a strategy of expanding domestic consumption, focusing on adjusting and optimizing³ the demand structure and increasing the momentum⁴ triggered by consumption."

He vows⁵ to keep a tight lid on the country's inflation, following a drop in the consumer price index from a three-year high of 6.5 percent in July to 6.2 percent in August.

While the major world economies are looking to China, which rebounded⁶ quickly from the 2008 global financial crisis, Premier Wen says he is confident that the US and Europe will recover from their current economic problems.
But he also says major developed economies should adopt "responsible and effective" policies.

"The governments of all the countries must truly take responsibility and take care of their own affairs. The main developed countries must make responsible and effective fiscal⁷ policies to properly cope with the sovereign debt issues."

Amid the emerging sovereign debt crisis in Italy and Greece, Wen says China is willing to invest more in European countries.

He is scheduled to meet with European leaders next month on economic issues.

Earlier this week, the Italian government confirmed its finance minister met with officials from China's sovereign wealth fund, the China Investment Corporation. There is an increasing speculation⁸ that Rome is hoping Beijing will buy its debts or invest in its companies.

Meanwhile, Wen is calling for European countries to recognize China as a market economy. A full market economy status will help remove certain restrictions⁹ in export and investment to China.

The European Union is now China's biggest trading partner, while China is the EU's second largest. Earlier this year, Premier Wen Jiabao pledged to double China's trade volume with Britain and Germany over the next five years.

For CRI, I'm Su Yi.

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 sluggish   

adj.懒惰的，迟钝的，无精打采的

参考例句：

• This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
• Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。

3 optimizing   

v.使最优化，使尽可能有效( optimize的现在分词 )；最佳化；寻优

参考例句：

• This model may be classified as either an optimizing model or simulation model. 这个模型可分为最佳化模型或模拟模型。 来自辞典例句
• Need to design crossover operator rationally while optimizing ANN. 优化网络需要合理设计交叉算子。 来自互联网

4 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

5 vows   

誓言( vow的名词复数 )； 郑重宣布，许愿

参考例句：

• Matrimonial vows are to show the faithfulness of the new couple. 婚誓体现了新婚夫妇对婚姻的忠诚。
• The nun took strait vows. 那位修女立下严格的誓愿。

6 rebounded   

弹回( rebound的过去式和过去分词 )； 反弹； 产生反作用； 未能奏效

参考例句：

• The ball rebounded from the goalpost and Owen headed it in. 球从门柱弹回，欧文头球将球攻进。
• The ball rebounded from his racket into the net. 球从他的球拍上弹回网中。

7 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。

8 speculation   

n.思索，沉思；猜测；投机

参考例句：

• Her mind is occupied with speculation.她的头脑忙于思考。
• There is widespread speculation that he is going to resign.人们普遍推测他要辞职。

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）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制