8月17日雅思考试口语话题范文参考：economic risk
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China facing bigger economic downside risk
Editor:Sharon Lee
economic planner on Thursday.
The troubling status quo of the country's economy has driven top
policy-makers to work day and night, with Premier Wen Jiabao
presiding over up to four State Council meetings in a week.
Zhang Ping, minister of the National Development and Reform
Commission (NDRC), said during a press conference in Beijing
Thursday that the central government has meted out a breakdown of
the 4-trillion-yuan fiscal stimulus plan. The majority of the
investments will be channelled to infrastructure projects, rural
residents' medical care and pensions, technological renovation,
environment, and tax cuts for businesses and individuals.
Deepening economic woes worldwide are casting a larger shadow on
as 6 percent.
The worst has yet to come as the global financial crisis has not
bottomed out, Zhang admitted.
Chinese enterprises, especially those export-oriented businesses,
are experiencing growing difficulties, with some having been forced
to halt or reduce production. "Without doubt, the situation will
hurt employment," he said. Some workers have chosen to go back to
their rural homes as the employers have shun down factories, he
added.
With such a grave situation, China will continue to implement
"strong and effective" fiscal and monetary instruments to check the
slowing pattern, and yesterday's 108-percentage-points interest
rate cut is one of the measures, Zhang said.
On Wednesday, China's central bank announced a massive cut of the
benchmark annual saving and loaning rates by 1.08 percentage
points, as part of the intensified moves to further stimulate
domestic demand, and to give substantial support to enterprises,government and local governments. However, he asserted that the tax
rate won't be too high -- perhaps less than the 30 percent as
predicted by many.
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