英闻天下——369 Premier Promises Stable Growth, Better Wellbeing

 　　In his last ever government work report, Wen Jiabao is warning China's development model is facing problems which are "unbalanced, uncoordinated and unsustainable".

 

　　The Chinese premier¹ listed several issues in the development of the world's second largest economy.

 

　　They include the dilemma² between economic growth and environmental protection, the conflict between downward pressure and production overcapacity as well as the development gap between city and rural regions.

 

　　His report has set the country's annual economic growth target at 7.5 percent.

 

　　That is the same as last year but lower than the 8 percent target that dominated economic planning for decades.

 

　　NPC deputy, economist³ Gu Shengzu says it re-confirms that the central government will no longer push for growth at all costs.

 

　　"The growth target is achievable and honest. More importantly, it is not 'toxic⁴'. Like we've talked a lot this time – it is a 'green' growth target."

 

　　Managing Director of Shipston Group Winston Wang echoes this view, saying lowering the growth target is within expectation of not just economists⁵ but the wider population as well.

 

　　"The Chinese people as a nation are no longer relying on or looking at the GDP numbers as the highest priority. They care more, far more, about their immediate⁶ needs, like job opportunity, like quality of life, and slightly less about those macro things like GDP

 

　　Last year's report lowered the country's annual growth target for the first time since 2005.

 

　　The Chinese economy grew by 7.8 percent in 2012.

 

　　Wen Jiabao's work report has also put special emphasis on how to improve people's quality of life.

 

　　He says "some people still lead hard lives", and one way to change this, is by spending more.

 

　　The Chinese government is projecting a fiscal⁷ deficit⁸ of 1.2 trillion yuan - that's around 190 billion U.S. dollars for this year.

 

　　This is also 400 billion yuan more than last year.

 

　　And the government report promises the money will be spent to improve people's well-being⁹.

 

　　Winston Wang from the Shipston Group says it's the only way if the government really wants to tackle the issues.

 

　　"The government needs to keep certain level of growth, so that it can create job opportunities, to address the needs of the population. And we can't expect the export to stay at high-speed growth. So there must be something to compensate¹⁰ that from the consumption as well as the investment side"

 

　　Regarding the greater financial risks the higher deficit may bring about, analysts¹¹ say the situation is still controllable in China at the moment.

 

　　The new deficit target will bring the country's deficit-to-GDP ratio to around 2 percent, which is considered safe as long as it remains¹² below 3.

 

　　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 dilemma   

n.困境，进退两难的局面

参考例句：

• I am on the horns of a dilemma about the matter.这件事使我进退两难。
• He was thrown into a dilemma.他陷入困境。

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 toxic   

adj.有毒的，因中毒引起的

参考例句：

• The factory had accidentally released a quantity of toxic waste into the sea.这家工厂意外泄漏大量有毒废物到海中。
• There is a risk that toxic chemicals might be blasted into the atmosphere.爆炸后有毒化学物质可能会进入大气层。

5 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

6 immediate   

adj.立即的；直接的，最接近的；紧靠的

参考例句：

• His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
• We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。

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 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。

9 well-being   

n.安康，安乐，幸福

参考例句：

• He always has the well-being of the masses at heart.他总是把群众的疾苦挂在心上。
• My concern for their well-being was misunderstood as interference.我关心他们的幸福，却被误解为多管闲事。

10 compensate   

vt.补偿，赔偿；酬报 vi.弥补；补偿；抵消

参考例句：

• She used her good looks to compensate her lack of intelligence. 她利用她漂亮的外表来弥补智力的不足。
• Nothing can compensate for the loss of one's health. 一个人失去了键康是不可弥补的。

11 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

12 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。