Top 10 Chinese Keywords Of 2016.docVIP

PAGE  PAGE 5 Top 10 Chinese Keywords Of 2016 　　Supply-side Reform 　　Since the end of 2015， the Central Economic Work Conference has overseen supply-side structural reforms such as cutting overcapacity， de-stocking， de-leveraging， lowering costs and improving weak links. Under the “new normal” situation， the term has transformed from a buzzword mostly used by economists and officials into a real and clear roadmap for the government and enterprises to implement further reform measures. 　　Property Surplus 　　Affected by pressures wrought by excessive property inventory， the yearon-year growth rate of property investments in 2016 slowed considerably and even declined in some areas. The sector’s contribution to China’s economy fell to the lowest level on record. In the Government Work Report delivered by Premier Li Keqiang during the “two sessions” earlier in the year， real estate was one of the most frequently mentioned areas. The premier stressed that government policies on the real estate sector should objectively reflect real market situations， and that both rentals and sales can help alleviate the housing surplus. The report set the tone for China’s property market in 2016. 　　Targeted Poverty Alleviation 　　Targeted poverty alleviation focuses on regional environmental conditions and individual poverty levels. Scientific and efficient assessments will be made to identify， track and aid the poor. According to the 13th Five-Year Plan（2016-2020）， poverty should become history in China by 2020， and no one will be left behind. 　　RMB in IMF’s SDR 　　The Chinese yuan， or RMB， was added to the basket of special drawing rights （SDR） of the International Monetary Fund （IMF） on October 1， 2016. China’s currency accounts for 10.92 percent of the basket， with the U.S. dollar at 41.73 percent and the Euro 30.93 percent. After the inclusion， the RMB became a globally accepted currency， making it easier for Chinese citizens to travel， study and invest overseas. 　　Inte