China's economic growth stabilizing, annual growth target attainable

 China's economic growth stabilizing¹, annual growth target attainable²

BEIJING, Oct. 18 (Xinhua) -- China's economic growth has started to stabilize³ and shown positive changes, said a statement released after a State Council meeting presided over by Premier⁴ Wen Jiabao on Wednesday.

The country is confident that with hard work it can reach its annual growth target, the statement said, citing key economic data that were unveiled to the public early on Thursday.

China's economy expanded by 7.7 percent year on year in the first three quarters, higher than the 7.5-percent annual economic growth target set for 2012, the National Bureau of Statistics (NBS) announced Thursday.

In the third quarter, the economy expanded 7.4 percent year on year, slowing from 7.6 percent in the second quarter and 8.1 percent in the first, NBS figures showed.

The gross domestic product reached 35.35 trillion yuan (5.61 trillion U.S. dollars) during the first three quarters of 2012, NBS spokesman Sheng Laiyun said at a press conference.

In the first three quarters of this year, China's retail⁵ sales grew 14.1 percent year on year to 14.94 trillion yuan, while fixed⁶ asset investment rose 20.5 percent year on year to 25.69 trillion yuan, Sheng said, adding that the country's industrial value-added output grew 10 percent year on year.

The statement attributed the positive changes in the economy to government pro-growth measures introduced earlier this year, which include more aggressive fiscal⁷ spending, structural⁸ tax reduction, monetary⁹ loosening and state-run sectors¹⁰ opening to private capital.

The government will continue to prioritize stabilizing growth and strive to do a better job in the fourth quarter, which will play a significant role in attaining¹¹ the year's growth target, the statement said.

The government will continue to implement¹² a proactive fiscal policy and prudent¹³ monetary policy, effectively carrying out the structural tax reduction policy and maintaining appropriate money supply, it said.

China's central bank has lowered both banks' reserve requirement ratio and interest rates twice this year in a bid to buoy¹⁴ the slowing economy, which has been dragged down by global economic woes¹⁵ and equally weak domestic demand.

While sticking to its control measures over the real estate market, the government will also step up efforts in studying and formulating¹⁶ a regulation system that is more stable and predictable, the statement said.

China has spent the last two years trying to cool skyrocketing home prices -- a major source of public complaint -- by introducing a raft of tightening¹⁷ measures such as bans on third home purchases and property tax trials.

The statement said efforts will also be made to expand consumption of energy-efficient home appliances and increase financial supports for key national projects that are under construction.

Moreover, the government will focus its energy on deepening reforms in the finance and taxation¹⁸, investment and financing, electricity pricing and administrative¹⁹ approval sectors, while carrying out measures to boost foreign trade, the statement said.

China's exports rose to a record monthly high of 9.9 percent year on year to 186.35 billion U.S. dollars in September, due to government support policies and surging orders for the Christmas shopping season, customs data showed.

1 stabilizing   

n.稳定化处理[退火]v.（使）稳定， （使）稳固( stabilize的现在分词 )

参考例句：

• The disulfide bridges might then be viewed primarily as stabilizing components. 二硫桥可以被看作是初级的稳定因素。 来自辞典例句
• These stabilizing design changes are usually not desirable for steady-state operation. 这些增加稳定性的设计改变通常不太符合稳态工作的要求。 来自辞典例句

2 attainable   

a.可达到的，可获得的

参考例句：

• They set the limits of performance attainable. 它们确定着可达到的运行限度。
• If objectives are to be meaningful to people, they must be clear, attainable, actionable, and verifiable. 如果目标对人们是具有意义的，则目标必须是清晰的，能达到的，可以行动的，以及可供检验的。

3 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。

4 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。

5 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

6 fixed   

adj.固定的，不变的，准备好的；(计算机)固定的

参考例句：

• Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
• Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。

7 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。

8 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。

9 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。

10 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》

11 attaining   

（通常经过努力）实现( attain的现在分词 )； 达到； 获得； 达到（某年龄、水平、状况）

参考例句：

• Jim is halfway to attaining his pilot's licence. 吉姆就快要拿到飞行员执照了。
• By that time she was attaining to fifty. 那时她已快到五十岁了。

12 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。

13 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。

14 buoy   

n.浮标；救生圈；v.支持，鼓励

参考例句：

• The party did little to buoy up her spirits.这次聚会并没有让她振作多少。
• The buoy floated back and forth in the shallow water.这个浮标在浅水里漂来漂去。

15 woes   

困境( woe的名词复数 )； 悲伤； 我好苦哇； 某人就要倒霉

参考例句：

• Thanks for listening to my woes. 谢谢您听我诉说不幸的遭遇。
• She has cried the blues about its financial woes. 对于经济的困难她叫苦不迭。

16 formulating   

v.构想出( formulate的现在分词 )；规划；确切地阐述；用公式表示

参考例句：

• At present, the Chinese government is formulating nationwide regulations on the control of such chemicals. 目前，中国政府正在制定全国性的易制毒化学品管理条例。 来自汉英非文学 - 白皮书
• Because of this, the U.S. has taken further steps in formulating the \"Magellan\" programme. 为此，美国又进一步制定了“麦哲伦”计划。 来自百科语句

17 tightening   

上紧，固定，紧密

参考例句：

• Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
• It needs tightening up a little. 它还需要再收紧些。

18 taxation   

n.征税，税收，税金

参考例句：

• He made a number of simplifications in the taxation system.他在税制上作了一些简化。
• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。

19 administrative   

adj.行政的，管理的

参考例句：

• The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
• He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。