莲 制卧价贸易上兰 金融英语阅读 The general CPI in the first five months only increased 2.4percent year on year. And the grain price declined by 1.5 percent.It indicates that the strong grain price rise has been curbed by the strict macro-control policies,the article said. The broad money supply M2,which covers cash in circulation and all deposits, kept a low growth rate of 14.6 percent in May,while total loan growth softened to 12.4 percent,the article quoted official figures as saying. The article attributed China's robust investment growth since2003 to a surge of direct foreign investment(FDI),saying the slowdown of FDI growth in recent years alleviates the pressure on the central bank and creates conditions for expanding domestic credit loans. China's FDI grew 13.3 percent in 2003,9.5 percent in 2004 and dropped 22 percent in May 2005,according to statistics from the Ministry of Commerce. The article warned that the country's foreign trade surplus would not keep growing for long,due to the increasing trade disputes with other trade partners. Government statistics in May showed that the current round of macro-control has led to economic soft landing and sent a clear signal to the government that it's time to stop cooling off the economy.On the contrary,efforts should be made to stimulate domestic demand to avoid deflation,the article concluded. 第2页共2页金融英语阅读 The general CPI in the first five months only increased 2.4percent year on year. And the grain price declined by 1.5 percent. It indicates that the strong grain price rise has been curbed by the strict macro-control policies, the article said. The broad money supply M2, which covers cash in circulation and all deposits, kept a low growth rate of 14.6 percent in May, while total loan growth softened to 12.4 percent, the article quoted official figures as saying. The article attributed China's robust investment growth since2003 to a surge of direct foreign investment (FDI), saying the slowdown of FDI growth in recent years alleviates the pressure on the central bank and creates conditions for expanding domestic credit loans. China's FDI grew 13.3 percent in 2003, 9.5 percent in 2004 and dropped 22 percent in May 2005, according to statistics from the Ministry of Commerce. The article warned that the country's foreign trade surplus would not keep growing for long, due to the increasing trade disputes with other trade partners. Government statistics in May showed that the current round of macro-control has led to economic soft landing and sent a clear signal to the government that it's time to stop cooling off the economy. On the contrary, efforts should be made to stimulate domestic demand to avoid deflation, the article concluded. 第 2 页 共 2 页