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中国和美联储都在加强对经济的调控。中国对资本控制的加强正在引起商品需求的减少,而美联储也在通过调整政策取向影响美国的证券市场以给美国经济降温。2003年,中国的需求增长占据了全球需求增长的半壁江山。在过去三年,中国投资增长的一半是得益于美联储的低利率政策。2001年以来,美联储的低利率政策加快了中国的城市化步伐并增加了与之相关的商品需求。
Both China and the Federal Reserve are stepping up their economic control. China’s strengthening of capital controls is causing a drop in demand for commodities, and the Federal Reserve is also adjusting its policy direction to affect U.S. securities markets to cool the U.S. economy. In 2003, China’s demand growth accounted for half of global demand growth. In the past three years, half of China’s investment growth has benefited from the Fed’s low interest rate policy. Since 2001, the Fed’s low interest rate policy has accelerated the pace of urbanization in China and increased the demand for commodities related to it.