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[外贸英语口语
China again tries to cool economy —— Exports Rise Members: 徐朴 王国强 Situations: Data issued Saturday morning in Beijing showed the consumer price index for November rising 5.1% from a year earlier, a faster-than-expected acceleration from the 4.4% gain in October. Exports and imports both soared to monthly records in November. Trade surplus narrowed to $22.9 billion from Octobers $27.15 billion. Reasons: The Peoples Bank of China is falling behind the curve. The highest inflation reinforced the case for the government to keep withdrawing the easy-credit policies What banks made was far more loans than expected. China raised banks reserve requirements. Impacts: Further pickup in inflation in November continued to be led mostly by food prices. More-stringent measures by Beijing could lower hopes for a pickup in the global economy. Exports gained sharply and the real-estate market continued to pick up. Measures: The central banks decision to raise reserve requirements by a half percentage point . Beijing will clamp down too sharply on growth—but perhaps at the price of raising worries that authorities are not doing enough. Growth in the broad M2 measure of money supply accelerated in November and banks made far more loans than expected. Conclusions: But so far authorities have moved cautiously in tackling inflation. Many analysts expect authorities to let banks exceed the full-year loan target. China is getting more of a boost from overseas demand than many had anticipated. Questions: Do you think China‘s economic development will be like after? How you look at the pros and cons of exports to China * * Contents: Situations Reasons Impacts Conclusions Measures Current situations A series of reasons Inconvenient impacts Effective measures *
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