Chinese Premier Highlights Scientific Economic Policies

　　Chinese Premier¹ Li Keqiang has issued a new call for this country's macroeconomic policies to be more "scientific, forward-looking and targeted" in order to promote more sustainable growth.

 

　　CRI's Lucy Du has more.

 

　　Li Keqiang has made the comments at a conference in Beijing among several economists² and business leaders, who have gathered to discuss China's economy.

 

　　It comes as latest government data shows China's economic growth slowed to 7.5 percent in the second quarter from 7.7 percent in the first.

 

　　Li Keqiang says the country's economy has entered a new phase, where it has to rely more on economic transformation³ and upgrading.

 

　　"We would maintain the economic development under a rational micro-policy frame. If exceeded, adjusted measures involving maintaining economic increase, adjusting structure as well as accelerating reform should be taken. Within the frame, the key task is still to change development mode to realize sustainable and healthy economic development in a long run."

 

　　The Chinese premier also cautions that economic fluctuations⁴ are inevitable⁵, saying it's the government's task to avoid sharp fluctuations and keep economic growth within a "reasonable range".

 

　　Li Keqiang says when economic growth is in a reasonable range, the government should prioritize promoting economic restructuring and giving better play to the market mechanism⁶.

 

　　But when the economy reaches its upper or lower limits, the Premier says macroeconomic policies can be adjusted to either encourage growth or control inflation.

 

　　He says there are risks for the economy if it slips out of the reasonable range or undergoes large fluctuations.

 

　　Long Guoqiang is a researcher with the State Council's Development Research Center.

 

　　He took part in Tuesday's conference.

 

　　"The premier has spoken out his understanding toward macroeconomic policies. Based on my observation, it centers around those reforms driven by market force, less government interference and economic restructuring."

 

　　The central government's goal is to keep growth around 7.5-percent this year, while at the same time holding inflation at around 3.5 percent.

 

　　Chinese economy expanded 7.6 percent in the first half, down from a full-year growth rate of 7.8 percent last year.

 

　　For CRI, I'm Lucy Du.

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 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》

3 transformation   

n.变化；改造；转变

参考例句：

• Going to college brought about a dramatic transformation in her outlook.上大学使她的观念发生了巨大的变化。
• He was struggling to make the transformation from single man to responsible husband.他正在努力使自己由单身汉变为可靠的丈夫。

4 fluctuations   

波动，涨落，起伏( fluctuation的名词复数 )

参考例句：

• He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
• There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。

5 inevitable   

adj.不可避免的，必然发生的

参考例句：

• Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
• The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。

6 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。