英语翻译China is in the transition from a planned economy to mar

英语翻译
China is in the transition from a planned economy to market economic system,therefore its economies do.In the matured market economies,due to the obvious cycles in economic growth,the adjustment of interest rate also show a periodic feature,that is,raising the interest rate in one period and cutting the rate in another.The pattern of economic cycles in China is not yet that stable,so it's not appropriate to say that we have entered a certain period.The central bank's decision on raising the interest rate will be based on the close monitoring of the changing economic and financial situation.With regard to the "negative interest rate",we shall understand that interest rate policy is not meant to ensure that the real interest rate is positive at any particular point of time.Instead,it depends on various factors.