中国经济健康 潜力巨大

 　　FRANKFURT, June 21 (Xinhua) -- The Chinese economy is healthy and has great potential for further development, a leading German economist¹ has said.

　　In the macroeconomic sense, the Chinese economy is still extremely healthy if one looks at the growth rate, inflation and balance payments, said Carsten Herrmann-Pillath, research professor of Economics Evolutionary² sciences at Witten/Herdecke University in Germany, in a recent interview with Xinhua.

　　He explained that the Chinese central bank has a lot of freedom to support short term economic growth given the low inflation.

　　The central bank of China has lowered interest rates and reserve ratio, he added. "So they have a very good management of monetary³ policy."

　　Chinese economy healthy, with great potential: German economist

　　Regarding the fiscal⁴ system of China in which some say debt level may be a problem, Herrmann-Pillath said, "It's also very healthy compared with western economies and Japan."

　　Judging by the two standard macroeconomic tools, namely monetary policy and fiscal policy, the "Chinese government has still many ways to support economic growth," he said.

　　On the slowdown of the growth rate in China, Herrmann-Pillath sees no real reasons to worry. "To certain extent, this slowdown of growth is what the Chinese government wanted to achieve."

　　The Chinese government wants to change the economic growth model, which means more innovation based on more consumption instead of investment, Herrmann-Pillath said.

　　He said China wants to keep growth at a lower level while paying more attention to the improvement of people's living standards, and employment.

　　Herrmann-Pillath said the investment in China used to be very high, which was not sustainable. The Chinese government decided⁵ to reduce investment and increase consumption and make consumption a driver of growth. "This is a very good idea and should be done," he said.

　　Herrmann-Pillath believed that the urbanization will become a driver of economic growth in China for the next 20 years.

　　There are still many underdeveloped rural areas in China which need transformation⁶. China has good infrastructure⁷ and continues to invest in it, which is a very important condition for the development of underdeveloped areas, he asserted.

　　China still has a very high share of farmers in agriculture, which means there is still a lot of space for structural⁸ reforms, according to Herrmann-Pillath. "If you look at economic history, this was a driver of economic growth." He elaborated that people move from the agriculture sector⁹ to industry with higher productivity, from sector with lower productivity to sector with higher productivity.

　　Herrmann-Pillath considers the discussion about middle income trap in China as misleading because of the diversity in China. "It's totally misleading to analyze¹⁰ China as one big unit."

　　Some Chinese provinces are bigger than a European country in terms of population, he said, adding that some provinces in China are already beyond middle income trap while some other provinces are less developed.

　　Skilled people are needed in order to exploit the opportunities of growth, Herrmann-Pillath said, suggesting China make efforts to give a big push to its education system.

1 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

2 evolutionary   

adj.进化的；演化的，演变的；[生]进化论的

参考例句：

• Life has its own evolutionary process.生命有其自身的进化过程。
• These are fascinating questions to be resolved by the evolutionary studies of plants.这些十分吸引人的问题将在研究植物进化过程中得以解决。

3 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。

4 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。

5 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

6 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。

7 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

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 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

10 analyze   

vt.分析，解析 (=analyse)

参考例句：

• We should analyze the cause and effect of this event.我们应该分析这场事变的因果。
• The teacher tried to analyze the cause of our failure.老师设法分析我们失败的原因。