的购买力 The huge market potential that

China enjoys will be turned into tangible

purchasing power.

适应市场经济需要的法律法规体系还不

够健全 The regulatory and legal system is

not well established as to adapt to the

demand of market economy.

经济管理体制可能会出现一些不适应

The economic management system may not

be readily adapted to the changes.

一些行业和企业可能会受到冲击 Some

sectors of economy and some businesses

may be adversely affected.

立足中国国情，发挥自身优势 proceed

from national conditions in China and bring

our advantages into play

扬长避短，趋利避害，迎接经济全球化的

挑战 foster strengths and circumvent

weaknesses and rise to the challenge of economic globalization

瓶颈制约 bottleneck constraints

放权让利 decentralization and interest concessions (in late 1980s and early 1990s)

深化改革 intensify reform; deepen one’s commitment to reform

配套改革 supporting (concomitant)reforms

配套资金 counterpart funds; local funding of

提高经济效益 improve economic

performance; increase economic returns

讲求社会效益 value contribution to society; pay attention to social effect

加速国民经济信息化 develop

information-based economy accelerate IT

application in economy

拉动经济增长 fuel economic growth

利改税 substitution of tax payment for profit delivery

费改税 transform administrative fees into taxes

债转股 debt-to-equity swap

头寸宽裕（头寸紧缺） in an easy position

(tight position)

朝阳产业 sunrise industry

招标投标制 the system of public bidding or project

充分发挥货币政策的作用 give full play

to the role of monetary policy

实施积极的财政政策 follow a pro-active