This is the VOA Special English Economics Report.
The world's two biggest economies and their trade ties are important to global economic progress. China accounts for nearly half of the world's economic growth. Last year, trade between the United States and China was worth more than five hundred billion dollars.
The two nations share many interests. But they also differ on many, including trade issues.
American and Chinese policy experts have worked to study and improve relations between the trading partners. Recently, former Treasury Secretary Henry Paulson spoke in Washington about his report on a possible new direction in US-China relations. Former National Security Advisor Steve Hadley joined the discussion. Both men served in the administration of President George W. Bush. The slowdown in China's economy was the first issue they discussed. Members of the Chinese news media also attended.
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In this file photo, hundreds of shipping containers in Shanghai filled with products wait to be exported to the United States and other countries. |
Chinese officials reported last week that the economy grew at a rate of seven and six tenths percent from April to June. That is China's slowest growth rate in more than three years.
The Chinese economy needs a high growth rate in order to provide jobs for its huge work force. The People's Bank of China cut its main interest rate twice in July to support lending and economic growth. Mister Paulson said he thinks government measures to control lending will work over the short term.
HENRY PAULSON: "And so I would be quite surprised if they don't grow somewhere between seven and a half or eight percent this year."
But there are important economic issues waiting in the future. Much of China's economic activity depends on investment by state-owned and foreign companies.
Mister Hadley said China's economy, its Gross Domestic Product, or GDP, depends on investment too much.
STEVE HADLEY: "Almost forty-seven point eight percent of the GDP is investment. Consumption is only thirty-three percent. And one of the things Hank calls for in this paper is they need to move from investment-based economic growth to consumption-based economic growth."
Consumer or personal spending accounts for about two thirds of the economy in the United States.
And that's the VOA Special English Economics Report. Join us next week for part two of our report on economic ties between the United States and China. For transcripts, MP3s and now PDFs of our programs for e-readers, go to 51voa.com. And follow us on Facebook, Twitter and iTunes at VOA Learning English. You can also find our captioned videos at the VOA Learning English channel on YouTube. I'm Mario Ritter.
This is the VOA Special English Economics Report.
這里是美國(guó)之音慢速英語(yǔ)經(jīng)濟(jì)報(bào)道。
The world's two biggest economies and their trade ties are important to global economic progress. China accounts for nearly half of the world's economic growth. Last year, trade between the United States and China was worth more than five hundred billion dollars.
世界上最大的兩個(gè)經(jīng)濟(jì)體及其貿(mào)易關(guān)系對(duì)全球經(jīng)濟(jì)發(fā)展非常重要。中國(guó)占到了世界經(jīng)濟(jì)增長(zhǎng)的近一半。去年,中美貿(mào)易值超過5千億美元。
The two nations share many interests. But they also differ on many, including trade issues.
這兩個(gè)國(guó)家有許多共同利益,但也有包括在貿(mào)易上的諸多分歧。
American and Chinese policy experts have worked to study and improve relations between the trading partners. Recently, former Treasury Secretary Henry Paulson spoke in Washington about his report on a possible new direction in US-China relations. Former National Security Advisor Steve Hadley joined the discussion. Both men served in the administration of President George W. Bush. The slowdown in China's economy was the first issue they discussed. Members of the Chinese news media also attended.
美國(guó)和中國(guó)政策專家已經(jīng)在研究和提高中美這兩個(gè)貿(mào)易伙伴之間的關(guān)系上做出了努力。近期,前財(cái)政部長(zhǎng)亨利·保爾森(Henry Paulson)在華盛頓就其關(guān)于《中美關(guān)系可能的新方向》的報(bào)告發(fā)表了講話。前國(guó)家安全顧問史蒂夫·哈德利(Steve Hadley)也加入了討論。這兩人都曾就任于前布什政府,中國(guó)經(jīng)濟(jì)放緩是他們討論的首個(gè)議題。中國(guó)新聞媒體成員也有出席。
Chinese officials reported last week that the economy grew at a rate of seven and six tenths percent from April to June. That is China's slowest growth rate in more than three years.
中國(guó)官員上周公布了四到六月經(jīng)濟(jì)增速為7.6%。這是中國(guó)近三年多來增速最低的一次。
The Chinese economy needs a high growth rate in order to provide jobs for its huge work force. The People's Bank of China cut its main interest rate twice in July to support lending and economic growth. Mister Paulson said he thinks government measures to control lending will work over the short term.
中國(guó)經(jīng)濟(jì)需要保持較高增長(zhǎng)速度,以為其龐大勞動(dòng)力提供就業(yè)。中國(guó)人民銀行7月份第2次降低其主要利率,以支持信貸和經(jīng)濟(jì)增長(zhǎng)。保爾森先生表示,他認(rèn)為政府控制信貸的措施短期內(nèi)將會(huì)有效。
HENRY PAULSON: "And so I would be quite surprised if they don't grow somewhere between seven and a half or eight percent this year."
保爾森:“所以如果今年中國(guó)經(jīng)濟(jì)增速未及7.5%到8%之間,我會(huì)覺得非常驚訝。”
But there are important economic issues waiting in the future. Much of China's economic activity depends on investment by state-owned and foreign companies.
但也有些重要的經(jīng)濟(jì)問題懸而未決。中國(guó)經(jīng)濟(jì)活動(dòng)很大程度上取決于國(guó)有企業(yè)及外國(guó)公司投資。
Mister Hadley said China's economy, its Gross Domestic Product, or GDP, depends on investment too much.
哈德利先生稱,中國(guó)經(jīng)濟(jì)的GDP過于依賴投資。
STEVE HADLEY: "Almost forty-seven point eight percent of the GDP is investment. Consumption is only thirty-three percent. And one of the things Hank calls for in this paper is they need to move from investment-based economic growth to consumption-based economic growth."
哈德利:“中國(guó)GDP將近47.8%是投資,消費(fèi)只占33%。漢克在這篇論文中呼吁的另一件事情是,中國(guó)經(jīng)濟(jì)增長(zhǎng)需要從基于投資轉(zhuǎn)移到基于消費(fèi)上來。”
51VOA注:漢克是指保爾森,他全名是小亨利·“漢克”·梅里特·保爾森(Henry "Hank" Merritt Paulson, Jr.,)。
Consumer or personal spending accounts for about two thirds of the economy in the United States.
在美國(guó),個(gè)人消費(fèi)約占經(jīng)濟(jì)的2/3。
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