Zheng Jingping
Zheng Jingping
attention bank bit boost consider disorders economic economy eventually expansion faster gained grew inflation lead loans rapid short state
Bank loans grew a bit faster in the first quarter, which has gained the attention of the State Council. Rapid expansion may boost the economy in the short term, but it will eventually lead to inflation and economic disorders and we should consider it seriously.
conducive modest stable
A modest slowdown, if conducive to the long-term, stable development, is very good.
accounts bit experience fast generally increase portion previous quarter small tells
The increase in the first quarter is a bit fast but previous experience tells us the first quarter generally accounts for only a small portion of the whole-year's investment.
bringing economy government instead interests key law lies line ordinary policy preventing prices
The key of our policy lies in preventing the (real estate) prices from surging too fast, instead of bringing down the prices abruptly, which is not in line with the law of economy or interests of the government and ordinary people.
continued develop economy good growth momentum rapid steady target towards
The nation's economy has continued to develop towards the target of macro-regulation as a good momentum of steady and rapid growth is maintained.
combined decline drop government gradual housing price result stable wants
The stable price drop combined with the gradual decline in housing investments, is what the government wants to result from its macro-control,
economy giving good grow next year
The economy should grow by about 9% or more, giving next year a good start.
economic fast marked national social stable
National economic and social development is upbeat, marked by fast yet stable economic growth.
consumed country economy impact increase means oil percent price public surely
The oil price increase surely will have impact on China's economy as 40 percent of oil consumed in the country is imported, ... especially on some sectors, like agricultural means of production, oil refinery and public transport. But the impact is limited.
growth normal note potential range
It is fundamentally normal but it is at the upper end of the potential growth range and we need to take note of it.
china crude effects limit measures oil rising
China has measures to limit the effects of rising crude oil prices.
china consumers course high imports industries oil process
China imports about 40% of its oil so of course we are affected, especially the industries that are high consumers of oil or that process oil products.
arouse aroused
It should arouse concern, and actually has aroused our attention.
adopt bank country economic ensure fast growth include measures problems prominent quick relatively steady tackle
Prominent problems include too quick growth in fixed-asset investments and bank loans, which the country will adopt measures to tackle to ensure a steady and relatively fast economic expansion.