【参考译文】<br> For much of the period since the beginning of the new century, the Chinese economy has been expanding at an annual rate of over 10 percent. But the tough international environment today has also made adverse impact on China. Our economic growth slowed down to 6.8 percent in the fourth quarter of last year and further declined to6.1 percent in the first quarter of this year. Despite the dropping growth rate, as the effects of our policies aimed at boosting domestic demand are increasingly felt, the slowdown is decelerating and the economy is expanding more steadily. The fixed asset investment in the first quarter of this year grew 28.8 percent, an increase higher than that of last year, and the investment is on track to continue to rise faster as the fiscal and monetary policies take effect. The retail sales of consumer goods expanded 15.9 percent, which is faster than .that of the corresponding period of last year, but the consumer demand can hardly increase significantly in the short term. The volume of import and export dropped 24.9 percent year on year and will not bounce back sharply pending the recovery of other major economies. In addition, the uncertainties and destabilizing factors affecting the Chinese economy are many. China’s future economic growth will, to a large extent, hinge upon boosting domestic demand, and investment increase will have an important role to play. In scaling up investment, the need to improve people’s well-being, support jobs and restructure industries should be taken into account, and it is imperative to act promptly to get policies and programs implemented on the ground to drive up immediate demand. The major drivers behind boosting consumption are rural areas and urban middle-income groups, which should remain as priorities on our policy agenda. I am confident that the Chinese economic growth will make important contribution to world economic recovery and Asian economic stability.
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