English:
08.11.4英文博客
Govt looks to stimulate domestic demand
(Agencies)
Updated: 2008-11-04 07:58
The government will further studypolicies to boost investment andjump-start(发动，发起)domestic demand（国内需求）to add growthmomentum（动力，要素）to the economy next year, aseniorofficial said on Monday.
"Aprominent（卓越的，杰出的）problem of the economy is that it's under increasing downward pressure," Han Yongwen,secretary-general of the National Development and Reform Commission, said on the commission's website.
"Weakening external demand will translate into slower export growth, weaker corporate investment anddwindling（缩小）consumption," he said.
China's economy has been slowing down over the year as turmoil（骚动，混乱）in the global financial market has dented consumer confidence in regions such as the European Union and the United States.
Weaker foreign demand hasdragged（牵引）economic growth down to 9 percent year-on-year in the third quarter, down 2.3 percentage points from the same period a year ago. GDP growth is poised（平衡的）to end below 10 percent for the year, the lowest level in five years.
"The basics of the economy are sound and there isenormous（巨大的，庞大的；极恶的，凶暴的）room forenhancing domestic demand and macro policies," Han said.
The central government has moved quickly over recent months toroll out（大量生产，滚开）policies.
In the past six weeks, it has reduced interest rates three times and also lowered the reserve（保留，预约）requirement for local banks.
Meanwhile, it also said it would launch aplethora（过剩，过多）of infrastructure projects and increase spending on social welfare as part of its methods toprop up（支撑，支持）domestic demand.
The central bank has also decided to end credit quotas, a measure it put up in the beginning of the year to rein in loan growth, its spokesman Li Chao told the Xinhua News Agency.
The move came as lending has been shrinking over recent months, because local lenders are unwilling to extend new loans with deteriorating business outlook.
Ken Peng, an economist with Citigroup, said: "Reducing interest and reserve requirement rates could help lower cost of capital concerns, but would unlikely increase risk tolerance and generate additional lending."
US Treasury wants to borrow record $550 billion
(Agencies)
Updated: 2008-11-04 07:58
WASHINGTON– The US Treasury（财政部，国库）said Monday it would seek to borrow a record $550 billion in the October-December period to helpstabilize（稳定）thefinancial sector（财政部门）hammered（锤成的，铸打成的）by the globalcredit crisis（信用危机）.
The fourth-quarter borrowingestimate（估计）wassubstantially（充分的）higher than the $408 billionannounced（宣布，通告）in July, and is a record high for quarterly estimates, a Treasury official said.
"The increase in borrowing isprimarily due to higher outlays（费用）related toeconomicassistance（援助）programs, lower receipts（收据）, and lower net issuances of state and local government series securities," the Treasury said in a statement.
The Treasury said thefederal government（联邦政府）had borrowed $530 billion from the markets in the third quarter. Of that amount, $300 billion was borrowed for the Federal Reserve's Supplementary Financing Program, launched in mid-September in a bid to support the ailing economy.
In July the Treasury had estimated third-quarter borrowing at $171 billion.
Theescalation（扩大，增加）of worldwide financial turmoil（骚动，混乱）in September andits growing negative impact onthe US economypromptedUS authorities（权威人士）toundertake（承担，采取）an array of measures aimed at supporting banks and getting frozen credit flowing again.
At the same time, thecredit squeeze（贷款紧缩）reduced tax revenue（收入，税收）from businesses and from households, which curbed spending（开销，花费）in the face of rising unemployment and falling house values.
Since mid-September, the federal government has borrowed $600 billion to bolster（支持）Fed resources.
日语：基本50音
（平假名/片假名/读音）あアa いイi うウu えエe おオo
かカka きキki くクku けケke こコko
さサsa しシshi すスsu せセse そソso
たタta ちチchi つツtsu てテte とトto
なナna にニni ぬヌnu ねネne のノno
はハha ひヒhi ふフfu へヘhe ほホho
まマma みミmi むムmu めメme もモmo
やヤya （i） ゆユyu （e） よヨyo
らラra りリri るルru れレre ろロro
わワwa （i） （u） （e） をヲwo
