The rise came following a great demand for the cooling of the over-heating Chinese economy. For several years. pushed by a huge investment and construction projects. the country has had the fastest economic growth in the world. But this can be damaging just as it is when a person grows too fast and can no longer fit their clothes. It is hoped that with a higher interest rate people will act more cautiously and take less risks when borrowing money.
“The rate rise will help the economy to cool down. It will reduce investment in unnecessary industrial and construction projects. ” said Su Ning. deputy governor(副行长)of the PBOC.
58.If we deposit 1000 RMB in the bank for one year. how much can we get after October 29?
(The tax rate on interest rates is 20%.)
A.21. 6.
B.13. 68.
C.15. 84.
D.18.
59.What is the purpose of the rise in the interest rates?
A.To attract greater investment.
B.To make people earn more money.
C.To carry out construction projects.
D.To cool down the over-heating Chinese economy.
60.By saying “this can be damaging just as it is when a person grows too fast and can no longer fit their clothes” the writer
.
A.warns that if the economy grows too rapidly. it will cause trouble
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