China reiterates prudent monetary policy for 2012

 BEIJING, July 13 (Xinhua) -- The central bank reiterated¹ Friday that the country will continue to implement² a proactive fiscal³ policy and prudent⁴ monetary⁵ policy in 2012.

The statement was released by the People's Bank of China after data showed that growth in the world's second-largest economy slowed for a sixth quarter, rising 7.6 percent year on year during the April-June period.

China's economy is facing a complicated environment both at home and abroad and the government's macroeconomic regulations are challenged by increasing dilemmas⁶, the central bank said, citing the downward pressure on economic growth and lower profits for some companies.

The central bank vowed⁷ to enhance the role of finance in supporting the real economy and beef up services to boost demand and the development of small enterprises.

The country will move ahead with interest rate reforms and step up efforts to develop a market-oriented benchmark interest rate system, it said.

It also pledged to improve the exchange rate formation mechanism⁸ for the yuan and maintain the basic stability of the currency while expanding the currency's use in cross-border trade settlement and investment.

To stabilize⁹ economic growth, the central bank last week announced cuts in benchmark interest rates for the second time in a month this year.

It has also cut the reserve requirement ratio -- the amount of cash banks are required to hold as reserves -- three times since November to bolster¹⁰ the economy.

1 reiterated   

反复地说，重申( reiterate的过去式和过去分词 )

参考例句：

• "Well, I want to know about it,'she reiterated. “嗯，我一定要知道你的休假日期，"她重复说。 来自英汉文学 - 嘉莉妹妹
• Some twenty-two years later President Polk reiterated and elaborated upon these principles. 大约二十二年之后，波尔克总统重申这些原则并且刻意阐释一番。

2 implement   

n.(pl.)工具，器具；vt.实行，实施，执行

参考例句：

• Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
• The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。

3 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。

4 prudent   

adj.谨慎的，有远见的，精打细算的

参考例句：

• A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
• You must school yourself to be modest and prudent.你要学会谦虚谨慎。

5 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。

6 dilemmas   

n.左右为难( dilemma的名词复数 )；窘境，困境

参考例句：

• They dealt with their dilemmas by mixing perhaps unintentionally an explosive brew. 他们――也许是无意地――把爆炸性的佐料混合在一起，以此来应付困难处境。 来自辞典例句
• Ten years later we encountered the same dilemmas in Vietnam. 十年后，我们又在越南遇到了同样进退两难的局面。 来自辞典例句

7 vowed   

起誓，发誓（vow的过去式与过去分词形式）

参考例句：

• He vowed quite solemnly that he would carry out his promise. 他非常庄严地发誓要实现他的诺言。
• I vowed to do more of the cooking myself. 我发誓自己要多动手做饭。

8 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。

9 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

10 bolster   

n.枕垫；v.支持，鼓励

参考例句：

• The high interest rates helped to bolster up the economy.高利率使经济更稳健。
• He tried to bolster up their morale.他尽力鼓舞他们的士气。