中国阐明新五年计划

 BEIJING, March 21 (Xinhua) -- Chinese policymakers illustrated¹ how to carry out the newly released 13th Five-Year Plan, showing confidence on sustained growth in the next five years at a forum².

The two-day China Development Forum, which ended here on Monday, was an annual event initiated³ by the Development Research Center of the State Council, a government think tank, in 2000.

It was eye-catching this year as 2016 is the start of the plan, having attracted not only officials, academics and entrepreneurs, but also heads of international organizations such as IMF managing director Christine Lagarde and leaders of heavyweight companies such as Facebook.

China Focus: China clarifies new five-year plan at key forumBETTER MACRO POLICIES

Despite the obvious downward pressure, China's economic fundamentals remain sound, and its economy is tenacious⁴ with sufficient potential and leeway, said Xu Shaoshi, head of the National Development and Reform Commission, the top economic planner.

China will continue to improve and innovate⁵ macroeconomic policies, provide better forecasts on growth, and coordinate⁷ financial, monetary⁸, industrial, regional, investment and consumption policies, he said.

The country will boost range-based, targeted and discretionary macro regulation to provide a stable environment for structural⁹ reforms, he noted¹⁰.

The plan outlines a policy framework, as well as priorities and economic and social development goals, including an innovation-driven development strategy and an average annual growth rate of above 6.5 percent for the years leading to 2020.

The growth target for 2016 was set in the range of 6.5 percent and 7 percent in early March. NO SEPARATE CARBON TAX, MORE VAT⁶ REFORM

Finance Minister Lou Jiwei said there will be no separate carbon tax, and instead, a carbon tax is likely to be incorporated into either the environmental protection tax or resource tax.

Talking about individual income tax, he admitted the current system was "unreasonable¹¹" and said an official plan for its reform will be ratified¹² by the State Council, the cabinet.

From May 1, China will expand a value-added tax (VAT) program and replace business tax across the board, he said.

The country has long imposed VAT on tangible¹³ goods, but services are subject to business tax, which is based on the value of a firm's sales.

Such a crude system results in a tax on tax: It is charged on the taxes already priced in the supplies they buy. VAT avoids this, as it is applied¹⁴ to the value added at each link in the chain of production.

The program, which began in 2012, has reduced the tax burden of enterprises, most of which are small entities¹⁵, by 641.2 billion yuan (100 billion U.S. dollars) by the end of 2015.

LOWER DEBT RATIO

The central bank governor Zhou Xiaochuan said the country's economic leverage¹⁶ ratio was relatively¹⁷ high, especially the debt-GDP ratio.

He attributed it to the high saving-rate, which leads to more financing through banks and bonds, but less from the capital market.

One solution is to boost the capital market and channel more savings¹⁸ into the equity¹⁹ financing to cut the debt-GDP ratio.

He called for a diversified²⁰ financial institution system that can help various financing packages supplement each other, such as commercial financing, development financing, policy-based financing and cooperative financing.

China will stick to the prudent²¹ monetary policy, he reiterated²² in early March.

 

1 illustrated   

adj. 有插图的，列举的 动词illustrate的过去式和过去分词

参考例句：

• His lecture was illustrated with slides taken during the expedition. 他在讲演中使用了探险时拍摄到的幻灯片。
• The manufacturing Methods: Will be illustrated in the next chapter. 制作方法将在下一章说明。

2 forum   

n.论坛，讨论会

参考例句：

• They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
• The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

3 initiated   

n. 创始人 adj. 新加入的 vt. 开始，创始，启蒙，介绍加入

参考例句：

• He has not yet been thoroughly initiated into the mysteries of computers. 他对计算机的奥秘尚未入门。
• The artist initiated the girl into the art world in France. 这个艺术家介绍这个女孩加入巴黎艺术界。

4 tenacious   

adj.顽强的，固执的，记忆力强的，粘的

参考例句：

• We must learn from the tenacious fighting spirit of Lu Xun.我们要学习鲁迅先生韧性的战斗精神。
• We should be tenacious of our rights.我们应坚决维护我们的权利。

5 innovate   

v.革新，变革，创始

参考例句：

• We must innovate in order to make progress.我们必须改革以便取得进步。
• It is necessary to innovate and develop military theories.创新和发展军事理论是必要的。

6 vat   

n.(=value added tax)增值税，大桶

参考例句：

• The office is asking for the vat papers.办事处要有关增值税的文件。
• His father emptied sacks of stale rye bread into the vat.他父亲把一袋袋发霉的黑面包倒进大桶里。

7 coordinate   

adj.同等的，协调的；n.同等者；vt.协作，协调

参考例句：

• You must coordinate what you said with what you did.你必须使你的言行一致。
• Maybe we can coordinate the relation of them.或许我们可以调和他们之间的关系。

8 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

9 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

10 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

11 unreasonable   

adj.不讲道理的，不合情理的，过度的

参考例句：

• I know that they made the most unreasonable demands on you.我知道他们对你提出了最不合理的要求。
• They spend an unreasonable amount of money on clothes.他们花在衣服上的钱太多了。

12 ratified   

v.批准，签认（合约等）( ratify的过去式和过去分词 )

参考例句：

• The treaty was declared invalid because it had not been ratified. 条约没有得到批准，因此被宣布无效。
• The treaty was ratified by all the member states. 这个条约得到了所有成员国的批准。

13 tangible   

adj.有形的，可触摸的，确凿的，实际的

参考例句：

• The policy has not yet brought any tangible benefits.这项政策还没有带来任何实质性的好处。
• There is no tangible proof.没有确凿的证据。

14 applied   

adj.应用的；v.应用，适用

参考例句：

• She plans to take a course in applied linguistics.她打算学习应用语言学课程。
• This cream is best applied to the face at night.这种乳霜最好晚上擦脸用。

15 entities   

实体对像； 实体，独立存在体，实际存在物( entity的名词复数 )

参考例句：

• Our newspaper and our printing business form separate corporate entities. 我们的报纸和印刷业形成相对独立的企业实体。
• The North American continent is made up of three great structural entities. 北美大陆是由三个构造单元组成的。

16 leverage   

n.力量，影响；杠杆作用，杠杆的力量

参考例句：

• We'll have to use leverage to move this huge rock.我们不得不借助杠杆之力来移动这块巨石。
• He failed in the project because he could gain no leverage. 因为他没有影响力，他的计划失败了。

17 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

18 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。

19 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

20 diversified   

adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域

参考例句：

• The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
• Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》

21 prudent   

adj.谨慎的，有远见的，精打细算的

参考例句：

• A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
• You must school yourself to be modest and prudent.你要学会谦虚谨慎。

22 reiterated   

反复地说，重申( reiterate的过去式和过去分词 )

参考例句：

• "Well, I want to know about it,'she reiterated. “嗯，我一定要知道你的休假日期，"她重复说。 来自英汉文学 - 嘉莉妹妹
• Some twenty-two years later President Polk reiterated and elaborated upon these principles. 大约二十二年之后，波尔克总统重申这些原则并且刻意阐释一番。