2016年CRI Sustainable Growth Tops Agenda of G20 Meeting

 

Zhu Jiejin is Associate Professor at the School of International Relations and Public Affairs, Fudan University in Shanghai. He says economic growth will top the agenda.

"Several days ago the world bank reduced its global economic growth prospect¹ from 3.3 percent to 2.9 percent. It's below 3 percent. It's a bad prospect for the G20 finance ministers and world bank governors .The ministers and governors will review the ongoing² economic development its growth prospects³ and recent volatility⁴ in Financial market. I think they will take decisive actions to keep the global economy in check."

The remark is echoed by Chinese Vice⁵ Finance Minister Zhu Guangyao, who said on Thursday that coordinated⁶ effort is need among the group to send positive signal to the world market.

On Wednesday, the International Monetary⁷ Fund has also warned of higher risks for a derailed global recovery and called for urgent policy actions to strengthen growth and manage vulnerabilities ahead of the upcoming Group of Twenty,

Financial leaders are also facing a range of issues including wavering decisions on interest rates, slumping⁸ oil prices, and volatile⁹ currency exchange rates.

Wei Liang is a senior researcher with the China institutes of contemporary international relations.

" The phenomenon of exchange rate fluctuation¹⁰ is in general brought about by the currency policies of developed countries and their spillover effects. The phenomenon will be easily dealt with once the major issues in the meeting are properly handled."

At a meeting held by the Institute of International Finance, the vice president of China's central bank said his country will continue to keep flexible exchange-rates based on supply and demand in the market.

Yi Gang says China will maintain the basic stability of its exchange rate, though fluctuation against the US dollar will increase a little.

Earlier, US Treasury¹¹ Secretary Jacob Lew pointed¹² out that China should make it clear that the Renminbi will not go through a large-scale depreciation¹³, and more importantly, the country should resolutely¹⁴ stick to its reforms.

Jim Yong Kim, President of the World Bank, has also made similar suggestions to the Chinese government, while he is in China to attend the Group of 20 meeting of central bankers and finance ministers.

"The message, of course, is stick with its structural¹⁵ reform agenda. And the second advice I would give is communicate, communicate, communicate. Now the thing is we've already seen change. And I think Premier¹⁶ Li Keqiang has stated very clearly that communication about decisions that are being made in terms of fiscal¹⁷ and monetary policy will be more important for China going forward. I think that's very, very welcome."

The World Bank chief made the remark after meeting with Chinese Premier Li Keqiang earlier in Beijing.

Premier Li Keqiang has assured the head of the World Bank that China is seeing a new dynamic for economic growth and creating new jobs.

Li Keqiang said China had gained rich experience from its past development and has sufficient policies and tools to deal with the difficulties it faces and any new challenges and risks.

Despite China's slowdown in economic growth, Kim said the country's nominal¹⁸ GDP for 2015 was still worth more than 13 trillion U.S. dollars and China's structural reform is actually working, and sets a good example for sustainable world prosperity.

For CRI this is Guo Yan.

1 prospect   

n.前景，前途；景色，视野

参考例句：

• This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
• The prospect became more evident.前景变得更加明朗了。

2 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。

3 prospects   

n.希望，前途(恒为复数)

参考例句：

• There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
• They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。

4 volatility   

n.挥发性，挥发度，轻快，（性格）反复无常

参考例句：

• That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
• Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

5 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

6 coordinated   

adj.协调的

参考例句：

• The sound has to be coordinated with the picture. 声音必须和画面协调一致。
• The numerous existing statutes are complicated and poorly coordinated. 目前繁多的法令既十分复杂又缺乏快调。 来自英汉非文学 - 环境法 - 环境法

7 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

8 slumping   

大幅度下降，暴跌( slump的现在分词 )； 沉重或突然地落下[倒下]

参考例句：

• Hong Kong's slumping economy also caused a rise in bankruptcy applications. 香港经济低迷，破产申请个案随之上升。
• And as with slumping, over-arching can also be a simple postural habit. 就像弯腰驼背，过度挺直也可能只是一种习惯性姿势。

9 volatile   

adj.反复无常的，挥发性的，稍纵即逝的，脾气火爆的；n.挥发性物质

参考例句：

• With the markets being so volatile,investments are at great risk.由于市场那么变化不定，投资冒着很大的风险。
• His character was weak and volatile.他这个人意志薄弱，喜怒无常。

10 fluctuation   

n.(物价的)波动，涨落；周期性变动；脉动

参考例句：

• The erratic fluctuation of market prices are in consequence of unstable economy.经济波动致使市场物价忽起忽落。
• Early and adequate drainage is essential if fluctuation occurs.有波动感时，应及早地充分引流。

11 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

12 pointed   

adj.尖的，直截了当的

参考例句：

• He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
• She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。

13 depreciation   

n.价值低落，贬值，蔑视，贬低

参考例句：

• She can't bear the depreciation of the enemy.她受不了敌人的蹂躏。
• They wrote off 500 for depreciation of machinery.他们注销了500镑作为机器折旧费。

14 resolutely   

adj.坚决地，果断地

参考例句：

• He resolutely adhered to what he had said at the meeting. 他坚持他在会上所说的话。
• He grumbles at his lot instead of resolutely facing his difficulties. 他不是果敢地去面对困难，而是抱怨自己运气不佳。

15 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。

16 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。

17 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。

18 nominal   

adj.名义上的；(金额、租金)微不足道的

参考例句：

• The king was only the nominal head of the state. 国王只是这个国家名义上的元首。
• The charge of the box lunch was nominal.午餐盒饭收费很少。