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Economic Industry Terminology

Economic industry terminology

economic indicatorseconomic indicators

total product of society

Gross National ProductGNP (Gross National Product)

Gross Domestic Product (Gross Domestic Product)

GDP per capita GDP per capita

gross output value of industry and agriculture

national income national income

Purchasing power parity purchasing power parity

state revenue

total volume of retail sales

general retail price index

percentage points

Consumer Price Index (CPI)

"Eighth Five-Year Plan" the 8th Five-Year Plan for National Economic and Social Development

planned economy planned economy

state monopoly over purchase and marketing

market economy market economy

mandatory plan mandatory plan

guidance plan guidance plan

market regulation market regulation

Establish operational mechanisms of market economy, rule by law, democratic supervision and incorruptible government

Stress priorities over agriculture, transportation and energy supply, education and science and technology

Achieve "three optimizations" of industrial structure, ecological environment and population quality optimize industrial structure, ecological environment and the quality of population

primary, secondary and tertiary industries primary, secondary and tertiary industries

export-oriented economy export-oriented economy

foreign exchange-earning enterprise

labor intensive

technology, knowledge or capital intensivetechnology, knowledge or capital intensive

Down-stream processing with high added-value

optimize allocation of resourcesoptimize allocation of resources

productive forces

capital goods

industrialization of research findingsindustrialization of research findings

Torch PlanTorch Plan

technology appraised as capital stock

venture investment/capital

investment in fixed assets investment in fixed assets

depreciation cost depreciation cost

Products vital to the people's livelihood

oversupply

short supply short supply

overheated economy

Curbing real estate speculation stem frenzied and speculative trading in the property market

macro-economic control

economic leverseconomic levers

industrial policyindustrial policy

public financing, taxation, credit, interest rate, exchange rate

Improve economic performance/returns

social effect/returns

bring about sustained, stable and coordinated development

budget deficit(surplus) budget deficit(surplus)

gross foreign export value

Amount of foreign direct investment contracted foreign dire

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