Official says measures to boost private investment "have worked"

 BEIJING, Aug. 7 (Xinhua) -- A Chinese official who regulates investment activities in the country said Tuesday the government's measures encouraging private funds to enter more sectors¹ have worked and helped stabilize² investment growth this year.

The official remarks of the National Development and Reform Commission (NDRC), China's top economic planner, came as the Chinese government works to stabilize economic growth through swifter approvals of investment projects in the world's second-largest economy.

"Those measures encouraging private capital to enter fields such as oil and gas exploration and education have been playing an active role since the beginning of this year," said the official, citing the heavier weighting of private funds in the country's overall financial input³.

He declined to be named, as many economists⁴ and private entrepreneurs complain that more has to be done to allow private funds easier and wider access to more sectors.

Fixed-asset private investment in China rose 25.8 percent year on year to 9.37 trillion yuan (1.48 trillion U.S. dollars) in the first six months of 2012, accounting⁵ for 62.2 percent of the country's total investment, which expanded 20.4 percent in the first half, according to data from the National Bureau of Statistics.

According to the official, private investment in the oil and gas exploration, education and health sectors surged 89.2 percent, 40.2 percent and 43.1 percent, respectively, in the first half of this year.

The small quantity of private funds in those sectors also helped yield rapid growth, since such fields used to be dominated by state-owned capital, he said.

Earlier in June, the NDRC and the Ministry⁶ of Finance issued a joint⁷ statement vowing⁸ to treat government funds and private capital equally in order to create a better business environment for private entrepreneurs.

The Chinese economy expanded only 7.8 percent year on year in the first half of this year, marking the slowest pace in three years and creating substantial pressure for the government to stabilize growth.

The Chinese central government issued a 36-article statement in 2010 to boost private investment, encouraging and guiding private capital into heavily state-controlled and -monopolized sectors and industries.

1 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

2 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。

3 input   

n.输入(物)；投入；vt.把(数据等)输入计算机

参考例句：

• I will forever be grateful for his considerable input.我将永远感激他的大量投入。
• All this information had to be input onto the computer.所有这些信息都必须输入计算机。

4 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》

5 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

6 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

7 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

8 vowing   

起誓，发誓（vow的现在分词形式）

参考例句：

• President Bush is vowing to help Minneapolis rebuild its collapsed bridge. 布什总统承诺将帮助明尼阿波利斯重建坍塌的大桥。
• President Bush is vowing to help Minneapolis rebuild this collapse bridge. 布什总统发誓要帮助明尼阿波利斯重建起这座坍塌的桥梁。