Economic growth for July through September fell to 9.6 percent in China, down from 10.3 percent in the second quarter.
Sheng Laiyun, a spokesman from China's National Bureau of Statistics, says the figures show a yearonyear increase of 10.6 percent, 2.5 percentage points higher than the same period last year.
The figures show the Chinese economy remains strong, and despite fears from many economists, is far from overheating.
The consumer price index rose 3.6 percent in September, up slightly from 3.5 percent in August.However, it remains well above the target for the year of 3 percent.
On Tuesday, the central bank raised interest rates, in a move many economists say was intended to gently cool the economy and get a firm control on inflation.
Jinny Yan, an economist Standard Chartered Bank, says she is happy to see that the Chinese economy is not overheating.
“A 9.6 percent growth is in our view much more sustainable and we think it is a healthy growth pace compared to the first quarter of this year,”she noted.“What it means is that the economy has now stabilized.It has recovered.Now it is more about concentrating on the other risks, for example inflation or asset price inflation in the economy.”
The interest rate increase and the slowing growth may ease pressure from overseas for China to allow its currency to appreciate.
Several countries, including the United States, complain that China's yuan is kept unfairly weak to give Chinese exports a market advantage.China says it will gradually adopt a more reasonable exchange rate policy, to keep its economy growing, but the yuan has strengthened only about 2.5 percent in recent months.
Many economists and international policy analysts have said they expect China to face new demands about the yuan when the leaders of the Group of 20 leading economies meet next month.
Notes:
①inflation n . 通货膨胀 ②sustainable adj.能保持的
③stabilize vi.稳定
Newspaper is not only the most common media in our daily life, but also the oldest technique in the field of message publication.It is very late to see the modern newspaper in China.Until the end of the 19th century, those newspapers published by the Chinese official agents or private expresses hadn't started to become more and more.The newspaper called “Stories inside and outside China”was first published by Weixin Faction, in 1895, the 21st year of Guangxu Era in Qing Dynasty.It is one of the most influential newspapers published by the Chinese at that time.
In fact, the Chinese“Dibao”is the earliest and oldest newspaper in the world.In the West Han epoch, in order to strengthen the Royal power, the Han government carried out the“Jun xian zhi”.Every eparch should set up its office in the capital Chang'an, which has the same function as the provincial office in Beijing now.These offices were called “Di”s.Officers are selected by the eparchial government which they are responsible for, and sent to the “Di”to collecting the messages announced by the administrative agents or even the empire, then writing them on the bamboo placard, and deliver them to their shire leaders via the early post station for reading.So these placards with information were called “Dibao”s.
The continuous enforcement of central royal power in ancient China has also brought the development of “Dibao” into a_full_bloom. Although the name of “Dibao” had been changed for many times in the period from the Han, Tang, Song, Yuan, Ming, to Qing Dynasty, its publication has never been interrupted.In addition to it, its essence and contents hadn't been changed a lot.
Notes:
①eparch n . 地方官 ②administrative adj.管理的;行政的 ③placard n . 布告
④shire n . 郡 ⑤essence n . 本质
It's come to this:Climateconscious policymakers are beginning to consider the possibility of playing God with the weather in the hope of slowing global warming.
For years it was considered completely stupid in official Washington to discuss geoengineering:changing the climate by reflecting sunlight back into the sky, sucking carbon dioxide from the air—or a number of other surprising plans.But in the past year the thought won in part by the recent collapse of climate legislation as well as by growing interest among private entrepreneurs and foreign officials.
House Science and Technology Committee Chairman Bart Gordon(DTenn.),whose group will jointly release a report on climate engineering with the British House of Commons this month, said the subject is“just now starting to get some attention” even though people recognize the danger in trying to change a complex weather system.
“The more you know about it, the more you're concerned about it if we can ever carry it out,” Gordon said in an interview.“However, there may be a point where we're up against the tipping point, and the consequences of climate change are even worse.”
Over the next few months, whispering about changing the weather will evolve into written recommendations.Several key groups—including the Government Accountability Office—will issue their thoughts on how best to start a modest federal research program on geoengineering.
“We're getting a sense that agencies are interested in this topic and would be open, on a certain level, to letting this program go forward,”said Jane Long, who cochairs the National Commission on Energy Policy's task force.
Notes:
①geoengineering n . 岩土工程 ②collapse n . 瓦解 ③legislation n . 立法 ④entrepreneur n . 企业家 ⑤play God扮演上帝 ⑥be up against面临;面对
Redenvelopes (relate) to the Chinese Lunar New Year for long. I myself havehad plenty of (experience) both receiving and giving out red envelopes inthe past, and generally speaking, it's been fun. I mean,who doesn't love free money?
I'm truly surprised by the extent of people'sobsession with virtual red envelopes this year. In fact, everyone I know spentat least a day or two (crazy) shaking their smart phones,mostly trying to get as much lucky money as possible. Thanksto messaging app giant WeChat's new feature allows users to send moneyelectronically, grabbing virtual red envelopes has never seemed so easy.
Just in case you are one of the very fewpeople still not on the bandwagon, here's it works. Givers link theirWeChat to their bank accounts, and then they can send specified amounts ofmoney to their WeChat contacts through a personal message. They can also putthe cash up grabs in chat groups full of friends, and anyone who acts fastenough will get share. Later,receiverscan transfer the funds from their WeChat back into their own bank accounts.
In theory,thissounds like a fun game. I'm always for some harmless fun in life, so my naturalresponse would be:Why not? Moreover,I've always believed that it's human nature to want free stuff, regardless ofwhether you actually need it or not. This may not be a good quality, it'snot against the law, so I won't get all judgmental here. (consider) thesereasons, I really can't fault anyone for their enthusiasm in grabbing virtualred envelopes. I would have done it too, I not thought linking WeChat tomy bank accounts was too much trouble.