The threat of inflation to China's economy is less worrisome compared with asset bubble, economists said Saturday at the China Development Forum 2010. China's economy is facing a new round of growth in the coming two years, but the risks of inflation and asset bubble remain, said Fan Gang, secretary general of the China Reform Foundation.

（Forum 论坛  summit 峰会   fair 展会）

Compared with inflation, tackling asset bubble is of greater importance because asset bubble, as one of the causes for this round of global financial crisis, is more dangerous, Fan said. He expected the country's economy to grow 8 to 9 percent this year in a "normal growth." Growth in China's property prices is accelerating and approaching an alarming level, said Nomura Holdings Inc. chairman Junichi Ujiie.

Finacial crisis 金融危机  debt crisis 债务危机   credit crisis  信用危机

(accelerate=speed up  加速)

 

Despite government measures to curb property prices, China's property market grew at its fastest pace in 20 months in February, with housing prices in 70 major cities rising 10.7 percent from a year ago. The issue of soaring housing prices, if not properly solved, was likely to cause social instability in China, said Zheng Yongnian, director of the East Asia Institute of the National University of Singapore.

Measure  v 衡量  ----measurement

Measure  n 措施----- take effective measures

Issue  v  发行  issue a fiction 出版小说

      n   热点问题  the issue of acceleration of yuan  人民币的增值问题

      n   期刊   the May issue of this magazine

soar/surge/rocket  迅猛增长

curb 抑制

 

During an online chat with Internet users last month, Premier Wen Jibao said he was determined to tame the "wild-horse" housing market and to keep prices at a reasonable level within his term as Premier. Wen said the government would step up efforts to increase the supply of affordable houses, encourage reasonable house buying while curbing speculative demand, and punish developers who hoard lands and completed houses in anticipation of price increases.

Tame the wild horse  驯服野马

Term 任期、 合同的条款

At reasonable level/at price of/at the speed of  注意介词at 的用法

 

China targets a rise of consumer price of around 3 percent this year, Wen said when delivering a government work report at the opening of the annual session of the National People's Congress on March 5. The target, although challenging, could be realized, said Yao Jingyuan, chief economist of the National Bureau of Statistics.

Consumer 消费者 

Deliver a baby   分娩婴儿

Deliver a speech  做演讲

Deliver the goods 送货

 

The country is facing a range of forces that could push up consumer prices this year, including increasing global commodity prices, high inflation prospects and reform in resource products prices, Yao said. However, ample grain supplies after harvest for six consecutive years and production capacity excess in many sectors would help ease inflation pressure, he said.

Range   n 范围  a range of 一系列的

        n ranges  山脉

        v range from… to…

consecutive 连续的=successive

capacity 容量，能力  体积

ease the pressure //relieve the pressure   缓解压力