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Chinese Economy Top 10 Catch Phrases of in 2007      
 
  • To guide national economic development, the Central Economic Work Conference called for a "fast and sound" development in 2005.A year later, the key conference changed the wording into a "sound and fast" development.
  • Huge rises in food prices lifted the nation's consumer price index to an 11-year high of 6.9 percent in November. Prices of food, which has a 33 percent weighting on the consumer price index(CPI), soared 18.2 percent last month.
  • In recent years, "excess liquidity" has been among the most popular economic terms. It usually referred to an economic situation in which there was an ample supply of capital and banks had a strong impulse to lend.
  • China's currency, the yuan, hit a new high against the U.S. dollar on Dec. 13, breaking the 7.36 mark. The central parity rate stood at 7.3568 yuan against one dollar.
  • The People's Bank of China, the central bank, raised the benchmark deposit and lending rates on March 18, May 19, July 21, August 21 and September 15 this year.
  • The Shanghai Stock Exchange Market and the Shenzhen Stock Exchange Market now have 130 million general accounts, with more than 5,000 institutional investors.
  • This statistical term was used in the report delivered at the 17th Party Congress. It generally refers to earnings from bank deposits, negotiable securities, and other personal properties.
  • The concepts of energy conservation and emission reduction have become common understandings of the central and local governments. They have also won support from the Chinese people.
  • This year, China's legislative body took a significant step forward to strengthening its economic legislation. In the Law on Corporate Income Tax, it stipulates the income tax for both Chinese-funded enterprises and foreign-funded enterprises.
  • "Made in China" -- a term familiar to people of numerous countries around the world -- suffered from an unprecedented "confidence crisis" this year.