2016年CRI US Business Confident of China's Economic Growth

 

Statistics show that the annual trade of goods between the U.S. and China exceeded 590 billion US dollars last year.

Many business insiders see new growth opportunities in the enhanced China-US economic relationship.

David Goldin, founder¹ and CEO of Capify, a small-business lender in the United States, says economic growth in China remains² relatively³ strong compared to most other countries.

"The challenge is people were accustomed to China growing at double digit⁴ rates, and especially the majority of the S&P companies in the U.S. There's a lot of buyers in China that some of the S&P companies are selling to, and I think there is macro-economic concerns that even the U.S. companies are going to see slowdown based on less Chinese spending and less China growth."

The comment came after US Federal Reserve Chair Janet Yellen said that China's unclear policy over its currency was stoking turbulence⁵ in global markets and exacerbating⁶ global economic growth concerns.

Goldin says people shouldn't be surprised by what's happening with the Chinese economy, calling it a soft landing as officials in the country shift the economy from one that is export-driven to one that is consuming-driven.

"People don't want to face reality sometimes, and I think that people don't want to give up a good thing, especially the last seven plus years with the U.S. economy right after we had the global crisis. So I think the combination of the Fed raising rates, even though we knew it was coming for a long time, and the reaction that the markets had is really the first wake-up call now that economists⁷ and both consumers, businesses, and market traders now realizing wait a second, this really is happening."

The trade volume and the stock of two-way investment between China and the US have both increased rapidly.

Official figure shows that the two major economies have made huge contributions to global economic growth of 27.8 percent and 15 percent respectively.

Figures show that China will become the biggest importer in the world by 2022 and that US exports to China will exceed 530 billion US dollars, generating more than 3 million jobs.

It's expected that China-US economic ties will be further enhanced in the coming years.

For CRI, this is Guo Yan.

1 Founder   

n.创始者，缔造者

参考例句：

• He was extolled as the founder of their Florentine school.他被称颂为佛罗伦萨画派的鼻祖。
• According to the old tradition,Romulus was the founder of Rome.按照古老的传说，罗穆卢斯是古罗马的建国者。

2 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

3 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

4 digit   

n.零到九的阿拉伯数字，手指，脚趾

参考例句：

• Her telephone number differs from mine by one digit.她的电话号码和我的只差一个数字。
• Many animals have five digits.许多动物有5趾。

5 turbulence   

n.喧嚣，狂暴，骚乱，湍流

参考例句：

• The turbulence caused the plane to turn over.空气的激流导致飞机翻转。
• The world advances amidst turbulence.世界在动荡中前进。

6 exacerbating   

v.使恶化，使加重( exacerbate的现在分词 )

参考例句：

• This pedagogical understretch is exacerbating social inequalities. 这种教学张力不足加重了社会不平等。 来自互联网
• High fertilizer prices are exacerbating the problem. 高涨的肥料价格更加加剧了问题的恶化。 来自互联网

7 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》