China is poised to report worst growth since the financial crisis

Gross domestic product is forecast to have expanded by 7.0% in the first quarter of 2015, compared to the same period last year, according to the survey’s median estimate.

根据调查数据估算，与去年同期相比，2015年第一季度GDP(国内生产总值)增长率预计在7%。

That’s quite a drop from the final quarter of 2014, when economic growth came in at 7.3%. Looking ahead, economists expect to see 6.8% annual GDP growth for this year, and even slower expansion at 6.5% in 2016.

与2014年第四季度7.3%的增长率相比，下降了许多。从长远看，经济学家估计今年全年的经济增长率只有6.8%，2016年会降到6.5%。

The strength of China’s economy is often difficult to judge at the beginning of the year because of the Lunar New Year holiday. But many recent data points have been so disappointing that experts are bracing for the worst.

由于农历新年假期，中国的经济实力在年初的时候总是很难判断，但是最近许多数据显示不理想，因此专家们已经做了最坏的打算。

Although survey estimates remain in line with the government’s target of 7%, economists expect Beijing to take stimulus action if the economy slows much further, according to the survey. One of the biggest risks facing the Chinese economy continues to be a waning property sector.

虽然调查显示，估计的数值与政府设定7%的目标很接近，但经济学家预计，如果经济持续放缓，中央政府会采取刺激措施。中国经济目前面临的最大威胁还是衰弱的房地产行业。

So far this year, the government has already tried to shore up the real estate sector, putting in place measures to boost property sales and battle slowing construction. But UBS economists Harrison Hsu and Wang Tao said the measures won’t be enough to reverse the overall slowdown.

到目前为止，政府已出面提振房地产市场，采取措施来促进房产销售，对抗放缓的建筑业。但瑞士联合银行的经济学家哈里森·许和王涛认为，这些措施还不足以扭转经济全面放缓的局势。

Other risks continue to loom, including capital outflow and massive local government debt. Overall, analysts expect Beijing to consider interest rate cuts, a lower reserve requirement ratio, and further monetary easing to support the economy.

另外其他危机也显现出来，包括资本外流和地方政府大量负债。总体来看，分析者预计中央政府会考虑降低利率，降低存款准备金率，进一步实行宽松的货币政策来支撑经济。

GDP growth in China remains the most comprehensive gauge of the country’s economic health -- an important number to watch as the government tries to steer the country towards consumption-driven growth.

中国GDP的增速仍然是全面衡量国家经济健康的重要数值，是政府试图引导国民经济向消费驱动增长方向的体现。

China averaged economic expansion of around 10% a year over the past three decades, making it the world’s second-largest economy and boosting household wealth. But now, the pace of growth is languishing -- China recorded GDP growth of 7.4% last year, the worst in 24 years, a significant slowdown from double-digit growth in 2010.

在过去三十年间，中国平均年增长率达到了10%左右，使之成为世界第二大经济体，家庭收入大幅增加。但如今，增长的速度在减弱，去年中国GDP增长7.4%，创24年来新低，对比2010年两位数的增长率大大下降。

The National Bureau of Statistics will announce first quarter GDP numbers on April 15.

国家统计局将在四月十五日公布第一季度的GDP数据。

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来源:China Daily 双语版爱语吧作者:Sunmore