In a recent television interview the Malaysian prime Minister expressed his deep concern about economic situation in his country. Malaysia has undergone financial difficulties from the combined impact of the world financial crisis, decline in world oil prices and its own prolonged recession. The direct reason for those difficulties was that investors lacked confidence in the Malaysian economy.
Due to reform of the currency system, high inflation and major financial frauds, most people had little confidence in domestic commercial banks and even doubted the financial policies for the Central Bank and the government. The government and the rubber industrial companies are in severe dispute over settlement of the latter’s tax bill. As a result, many foreign companies intended to stay away from further involvement in the country’s development of economy.
The National Bureau of Statistics has conducted a survey among one hundred Chinese economists. Most of them think that the economic trends during the first half of the year were favorable and the economic situation is quite ideal. With regards to the macroeconomic trends for the second half, over 80% of those polled predicted that the second half would be better than the first half.
With regards to China’s economic growth this year, all experts predict a higher figure than that of last year, the average forecast being about 8%. However, at the same time, many experts argue that without a new round of infusion of funds, the economic growth rate of the second half could be lower than that of the first half.
Economists say that if the prices have been dropping for long periods of time, the enterprises will be at a lass as to where the market demand is and don’t know where to invest. Consequently, the companies’ development and the economic growth are greatly affected.
Although there have been positive changes in the fluctuation of prices, the foundation of a rebound in prices isn’t firm due to the fact that the supply is still greater than the demand. Whether China is able to escape the shadow of deflation by the end of the year is still of much concern to those in the economic circle.
What we want to achieve through reform is to establish a socialist market economy with Chinese characteristics in our country. We had a long process of preparation for this reform. A consensus was built among the central government, local governments of various levels, and large state-owned enterprises.
We are glad that the general situation in the country and in all industries has been stable. The economic growth far exceeds our expectations. And we’ve seen an unprecedented level of direct foreign investment in China. I’m very optimistic about the future of our economic development.
By the end of July 1998， China had approved more than three hundred and fourteen thousand foreign-invested projects since its opening to the rest of the world in the late 1970s and more than half has begun operating. The China Information reported that these projects have a combined contractual foreign investment of over US $ 540 billion.
The last five years has witnessed the drastic growth of foreign investment, which has been playing a vital role in the development of our economy. Since 1993, China has remained the second largest recipient of foreign funds, after the United States.
21) All that sth. has done for our society seems like a big step forward in the right/wrong direction, but it has also brought along with it a great worry /benefit to...(the averag
英译汉 Question：Mr. President, I'm sure millions of Chinese people are watching this program now. I wonder if you would like to say a few words to them first．// Answer: Well，