OVERALL ECONOMIC PERFORMANCE IN 1999
GDP China's GDP grew slightly more than 7 percent in 1999, thanks only to the government's ongoing stimulus program. With other Asian countries recovering, China's probable WTO accession this year, and a new drive to boost the private sector, however, both the Chinese government and outside analysts predict slightly stronger growth-around 7.5 percent-in 2000.
Investment Investment in fixed assets rose 7.8 percent in 1999, and is expected to increase by another 7.8 percent in 2000. Much of the investment came from the government's stimulus plan.
Prices Consumer and retail prices fell throughout 1999. Overcapacity in many industries was chiefly responsible for the 27-month deflation, but slack demand caused by consumer worry about job security and education and health costs also played a role. Many economists believe that the worst is past, and that deflation will wane in 2000.
Notes
performance n.something performed; an accomplishment完成的事；成就
GDP:gross domestic product國內(nèi)生產(chǎn)總值
thanks (to) n.（與to連用） 由于；多虧
例：It was thanks to John that we won the game.
多虧約翰，我們才贏了這場比賽。
ongoing stimulus program持續(xù)不斷的刺激計劃（措施）
ongoing adj.currently taking place進行中的：現(xiàn)在正在發(fā)生的
stimulus n.促進因素, 刺激
program n.程序, 綱要, 計劃
WTO:world trade organization世界貿(mào)易組織
accession n.access; admittance進入；接收
drive n.energy, push, or aggressiveness干勁、沖動或攻擊性
boost vt.to assist in further development or progress刺激增長：輔助長遠的發(fā)展和進步
例：a bill intended to boost local charities.
一項意在刺激地方慈善事業(yè)增長的議案
private sector:non-state sector非國有部門，私營部門
analyst n.分析家
predict vt.to state, tell about, or make known in advance, especially on the basis of special knowledge預(yù)測，預(yù)知，預(yù)告
investment n.投資
fixed assets固定資產(chǎn)（如廠房、機器設(shè)備等）
retail price零售價格
overcapacity n.too great a capacity for production of commodities or delivery of services in relation to actual need生產(chǎn)能力過剩：與實際需要相比，過大的生產(chǎn)工業(yè)商品能力或過多的服務(wù)
例：the problem of overcapacity in many large industries.
許多大型工業(yè)存在著生產(chǎn)能力過剩的問題
deflation n.[Economics] a persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit【經(jīng)濟學(xué)】通貨緊縮：由于可獲得貨幣和信貸的減少，導(dǎo)致消費品價格水平的持續(xù)下降或貨幣購買力的持續(xù)提高
slack demand需求不旺盛
slack a.lacking in activity; not busy清淡的：缺少活力的；不忙碌的
例：a slack season for the travel business.
旅游業(yè)的淡季
job security就業(yè)保障
security n.安全；保障
wane vi.虧缺, 衰落
Monetary policy China's impressive money-supply growth rates continued in 1999. Deflation-fighting efforts included the issuance of more than *200 billion ($24.16 billion) in new currency last year; the institution in November of a tax on individual savings deposits; and another round of interest rate cuts. The government also increased its reliance on open-market operations in 1999, after suspending operations through mid-1998. This could be the year Beijing further relaxes its control over loan interest rates.
monetary policy貨幣政策
money-supply貨幣供給
deflation-fighting反通貨緊縮
issuance n.發(fā)行
institution of a tax on individual savings deposits對個人儲蓄存款征稅制度
cut vi.to reduce the size, extent, or duration of; curtail or shorten削減：減少…的尺寸、范圍或持續(xù)時間；截短或縮短
例：cut a payroll; cut a budget; cut the cooking time in half.
削減員工數(shù)；削減預(yù)算；把做飯時間縮短一半
reliance on open-market operations依賴公開市場操作
suspending operations公開市場操作暫停
suspend vi.to cause to stop for a period; interrupt暫行一段時期；中斷
relax vt.使松馳，緩和
financial reforms金融改革
high-profile moves全面的調(diào)控措施
move n.to attempt to seize control of控制：想要掌握控制權(quán)
asset-management company資產(chǎn)管理公司
GDP China's GDP grew slightly more than 7 percent in 1999, thanks only to the government's ongoing stimulus program. With other Asian countries recovering, China's probable WTO accession this year, and a new drive to boost the private sector, however, both the Chinese government and outside analysts predict slightly stronger growth-around 7.5 percent-in 2000.
Investment Investment in fixed assets rose 7.8 percent in 1999, and is expected to increase by another 7.8 percent in 2000. Much of the investment came from the government's stimulus plan.
Prices Consumer and retail prices fell throughout 1999. Overcapacity in many industries was chiefly responsible for the 27-month deflation, but slack demand caused by consumer worry about job security and education and health costs also played a role. Many economists believe that the worst is past, and that deflation will wane in 2000.
Notes
performance n.something performed; an accomplishment完成的事；成就
GDP:gross domestic product國內(nèi)生產(chǎn)總值
thanks (to) n.（與to連用） 由于；多虧
例：It was thanks to John that we won the game.
多虧約翰，我們才贏了這場比賽。
ongoing stimulus program持續(xù)不斷的刺激計劃（措施）
ongoing adj.currently taking place進行中的：現(xiàn)在正在發(fā)生的
stimulus n.促進因素, 刺激
program n.程序, 綱要, 計劃
WTO:world trade organization世界貿(mào)易組織
accession n.access; admittance進入；接收
drive n.energy, push, or aggressiveness干勁、沖動或攻擊性
boost vt.to assist in further development or progress刺激增長：輔助長遠的發(fā)展和進步
例：a bill intended to boost local charities.
一項意在刺激地方慈善事業(yè)增長的議案
private sector:non-state sector非國有部門，私營部門
analyst n.分析家
predict vt.to state, tell about, or make known in advance, especially on the basis of special knowledge預(yù)測，預(yù)知，預(yù)告
investment n.投資
fixed assets固定資產(chǎn)（如廠房、機器設(shè)備等）
retail price零售價格
overcapacity n.too great a capacity for production of commodities or delivery of services in relation to actual need生產(chǎn)能力過剩：與實際需要相比，過大的生產(chǎn)工業(yè)商品能力或過多的服務(wù)
例：the problem of overcapacity in many large industries.
許多大型工業(yè)存在著生產(chǎn)能力過剩的問題
deflation n.[Economics] a persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit【經(jīng)濟學(xué)】通貨緊縮：由于可獲得貨幣和信貸的減少，導(dǎo)致消費品價格水平的持續(xù)下降或貨幣購買力的持續(xù)提高
slack demand需求不旺盛
slack a.lacking in activity; not busy清淡的：缺少活力的；不忙碌的
例：a slack season for the travel business.
旅游業(yè)的淡季
job security就業(yè)保障
security n.安全；保障
wane vi.虧缺, 衰落
Monetary policy China's impressive money-supply growth rates continued in 1999. Deflation-fighting efforts included the issuance of more than *200 billion ($24.16 billion) in new currency last year; the institution in November of a tax on individual savings deposits; and another round of interest rate cuts. The government also increased its reliance on open-market operations in 1999, after suspending operations through mid-1998. This could be the year Beijing further relaxes its control over loan interest rates.
monetary policy貨幣政策
money-supply貨幣供給
deflation-fighting反通貨緊縮
issuance n.發(fā)行
institution of a tax on individual savings deposits對個人儲蓄存款征稅制度
cut vi.to reduce the size, extent, or duration of; curtail or shorten削減：減少…的尺寸、范圍或持續(xù)時間；截短或縮短
例：cut a payroll; cut a budget; cut the cooking time in half.
削減員工數(shù)；削減預(yù)算；把做飯時間縮短一半
reliance on open-market operations依賴公開市場操作
suspending operations公開市場操作暫停
suspend vi.to cause to stop for a period; interrupt暫行一段時期；中斷
relax vt.使松馳，緩和
financial reforms金融改革
high-profile moves全面的調(diào)控措施
move n.to attempt to seize control of控制：想要掌握控制權(quán)
asset-management company資產(chǎn)管理公司