我们深入学习贯彻习近平新时代中国特色社会主义思想，

Last year, we continued to enrich our understanding of and apply Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. 

词组：

深入学习 enrich our understanding of

贯彻 apply

习近平新时代中国特色社会主义思想 Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era

全面贯彻落实党的二十大和二十届历次全会精神，按照党中央决策部署，一年来主要做了以下工作。

We also fully applied the guiding principles from the 20th CPC National Congress and the plenary sessions of the 20th CPC Central Committee. Acting on the decisions and plans of the Party Central Committee, we mainly did the following work:

词组：

全面贯彻落实 fully apply

……精神 guiding principles

二十大 the 20th CPC National Congress

二十届历次全会 the plenary sessions of the 20th CPC Central Committee

按照……决策部署 act on the decisions and plans of

拓展：

二十大：中国共产党第二十次全国代表大会，2022年10月16—22日在北京召开，每五年召开一次。

二十届历次全会：二十届一中、二中、三中、四中全会，是二十大选举产生的二十届中央委员会在五年任期内召开的全体会议，每年至少一次。

一是实施更加积极有为的宏观政策，着力稳定经济运行。

1. We implemented more proactive and effective macro policies and worked to maintain stable economic performance. 

词组：

积极有为 proactive and effective

宏观政策 macro policies

稳定经济运行 maintain stable economic performance.

年初我们就做好了应对复杂多变局面的充分准备，一季度经济起势有力、开局良好。

Early in the year, we took all necessary steps to prepare for emerging complex and volatile situations. China’s economy was thus well-placed to get off to a good start and build strong momentum in the first quarter. 

词组：

年初 early in the year

做好充分准备 take all necessary steps to prepare for 

复杂多变局面 complex and volatile situations

一季度 first quarter

起势有力 well-placed to get off to a good start

开局良好 build strong momentum

二季度以后，针对经济运行中的新情况特别是美国加征关税冲击，充分发挥存量政策作用，加力推出稳就业稳经济等一系列新举措，

From the second quarter on, in response to new developments facing the economy, particularly the impact of US tariff hikes, we fully leveraged policies already in place and introduced a range of more robust measures to maintain employment and economic stability. 

词组：

以后 from…on

针对 in response to 

新情况 new developments

美国加征关税冲击 the impact of US tariff hikes

充分发挥 fully leverage

存量政策 policies already in place

稳就业稳经济 maintain employment and economic stability

有力对冲了经济下行压力，保障了全年主要目标实现。

These steps effectively cushioned downward economic pressure and ensured the fulfillment of major objectives for the year. 

词组：

对冲 cushion

经济下行压力 downward economic pressure

保障了……实现 ensure the fulfillment of

全年主要目标 major objectives for the year

实施更加积极的财政政策和适度宽松的货币政策，扩大财政支出规模，加强重点领域财力保障，下调政策利率和存款准备金率，持续降低社会综合融资成本。

We pursued a more proactive fiscal policy and an appropriately accommodative monetary policy. Government spending was increased to strengthen fiscal support for key areas, while policy interest rates and required reserve ratios were cut to further reduce overall financing costs. 

词组：

财政政策 fiscal policy

适度宽松的 appropriately accommodative

货币政策 monetary policy

财政支出 government spending

财力保障  fiscal support 

政策利率 policy interest rates

存款准备金率 required reserve ratios

综合融资成本 overall financing costs

拓展：

存款准备金率：可以简单理解为，银行吸收老百姓、企业的存款，不能全部拿去放贷，必须按国家规定，拿出一定比例的钱，存在中央银行（央行），这笔钱就叫存款准备金。国家下调存款准备金率，是为了让市场上流动资金变多、贷款更容易，用来托底经济、支持实体企业发展。

加力扩围实施消费品以旧换新，带动商品销售额超过2.6万亿元，

Consumer goods trade-in programs were ramped up and extended to more items, resulting in over 2.6 trillion yuan in commodity sales.

词组：

消费品 consumer goods

以旧换新 trade-in programs

加力 ramp up

扩围 extend to more items

商品销售额 commodity sales

文旅体等服务消费潜力加快释放，社会消费品零售总额突破50万亿元。

Consumption potential was unlocked at an accelerated pace in culture, tourism, sports, and other service sectors, with total retail sales of consumer goods topping 50 trillion yuan. 

词组：

文旅体等服务 culture, tourism, sports, and other service sectors

消费潜力 consumption potential

加快释放 unlock at an accelerated pace

零售总额 total retail sales

突破 top

围绕扩大有效投资，加强“两重”项目建设，加快设备更新资金拨付使用，设备购置投资增长11.8%，

To boost effective investment, we stepped up efforts to implement major national strategies and enhance security capacity in key areas. Funding for equipment upgrades was allocated and put to use more quickly, driving an 11.8-percent increase in investment in equipment purchase. 

词组：

扩大有效投资 boost effective investment

“两重”项目建设 implement major national strategies and enhance security capacity in key areas

设备更新 equipment upgrades 

拨付使用 was allocated and put to use

设备购置 equipment purchase

拓展：

“两重”项目建设：指发行超长期特别国债支持国家重大战略实施和重点领域安全能力建设。2025年“两重”建设共安排8000亿元支持1459个项目，涉及长江流域生态修复、长江沿线重大交通基础设施、西部陆海新通道、高标准农田、重大水利工程、城市地下管网等重点领域。

设立新型政策性金融工具补充重点项目资本金。持续用力稳楼市，

New types of policy-backed financial instruments were introduced to replenish capital for major projects. We continued to take effective steps to stabilize the real estate market. 

词组：

政策性金融工具 policy-backed financial instruments

补充资本金 replenish capital

楼市 real estate market

合理控制新增房地产用地供应，因城施策调减限制性措施，下调个人住房公积金贷款利率，

We kept the supply of land for new real estate projects at an appropriate level, introduced city-specific policies to adjust and reduce property transaction restrictions, and cut interest rates on mortgages granted through individual housing provident funds.

词组：

合理控制 keep…at an appropriate level

新增房地产 new real estate projects

因城施策 city-specific policies

调减 adjust and reduce

下调贷款利率 cut interest rates on mortgages

个人住房公积金 individual housing provident funds

“保交房”任务全面完成。综合施策稳股市，资本市场回稳回暖、交易活跃。

The task of ensuring timely delivery of housing projects was completed across the board. Thanks to coordinated measures taken to keep the stock market stable, the capital market steadily rebounded and transactions became brisk. 

词组：

“保交房” timely delivery of housing projects

全面完成 complete across the board

综合施策 coordinated measures

股市 stock market

资本市场 capital market

回稳回暖 steadily rebounded

交易活跃 transactions became brisk

深入实施一揽子化债方案，有序置换地方政府存量隐性债务，持续压减融资平台数量，地方债务结构不断优化。

We continued to implement a package of measures to address debt risks. As hidden local government debts were replaced in a well-ordered way and the number of financing platforms was further reduced, the structure of local government debts continued to improve. 

词组：

一揽子……方案 a package of measures to

化债 address debt risks

有序置换 were replaced in a well-ordered way

隐性债务 hidden debts 

融资平台 financing platforms

地方债务 local government debts

一体推进地方中小金融机构风险处置和转型发展，高风险机构数量大幅下降，风险化解成效明显。

We also took well-coordinated steps to defuse risks in small and medium local financial institutions and to promote their transformation and development. As a result, the number of high-risk financial institutions fell considerably, and notable progress was secured in risk mitigation. 

词组：

一体推进 take well-coordinated steps to

风险处置 defuse risks

转型发展 transformation and development

大幅下降 fall considerably

风险化解 risk mitigation

成效明显 notable progress was secured in

练习用：

我们深入学习贯彻习近平新时代中国特色社会主义思想，全面贯彻落实党的二十大和二十届历次全会精神，按照党中央决策部署，一年来主要做了以下工作。

一是实施更加积极有为的宏观政策，着力稳定经济运行。年初我们就做好了应对复杂多变局面的充分准备，一季度经济起势有力、开局良好。二季度以后，针对经济运行中的新情况特别是美国加征关税冲击，充分发挥存量政策作用，加力推出稳就业稳经济等一系列新举措，有力对冲了经济下行压力，保障了全年主要目标实现。实施更加积极的财政政策和适度宽松的货币政策，扩大财政支出规模，加强重点领域财力保障，下调政策利率和存款准备金率，持续降低社会综合融资成本。加力扩围实施消费品以旧换新，带动商品销售额超过2.6万亿元，文旅体等服务消费潜力加快释放，社会消费品零售总额突破50万亿元。围绕扩大有效投资，加强“两重”项目建设，加快设备更新资金拨付使用，设备购置投资增长11.8%，设立新型政策性金融工具补充重点项目资本金。持续用力稳楼市，合理控制新增房地产用地供应，因城施策调减限制性措施，下调个人住房公积金贷款利率，“保交房”任务全面完成。综合施策稳股市，资本市场回稳回暖、交易活跃。深入实施一揽子化债方案，有序置换地方政府存量隐性债务，持续压减融资平台数量，地方债务结构不断优化。一体推进地方中小金融机构风险处置和转型发展，高风险机构数量大幅下降，风险化解成效明显。

Last year, we continued to enrich our understanding of and apply Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. We also fully applied the guiding principles from the 20th CPC National Congress and the plenary sessions of the 20th CPC Central Committee. Acting on the decisions and plans of the Party Central Committee, we mainly did the following work:

1. We implemented more proactive and effective macro policies and worked to maintain stable economic performance. Early in the year, we took all necessary steps to prepare for emerging complex and volatile situations. China’s economy was thus well-placed to get off to a good start and build strong momentum in the first quarter. From the second quarter on, in response to new developments facing the economy, particularly the impact of US tariff hikes, we fully leveraged policies already in place and introduced a range of more robust measures to maintain employment and economic stability. These steps effectively cushioned downward economic pressure and ensured the fulfillment of major objectives for the year. We pursued a more proactive fiscal policy and an appropriately accommodative monetary policy. Government spending was increased to strengthen fiscal support for key areas, while policy interest rates and required reserve ratios were cut to further reduce overall financing costs. Consumer goods trade-in programs were ramped up and extended to more items, resulting in over 2.6 trillion yuan in commodity sales. Consumption potential was unlocked at an accelerated pace in culture, tourism, sports, and other service sectors, with total retail sales of consumer goods topping 50 trillion yuan. To boost effective investment, we stepped up efforts to implement major national strategies and enhance security capacity in key areas. Funding for equipment upgrades was allocated and put to use more quickly, driving an 11.8-percent increase in investment in equipment purchase. New types of policy-backed financial instruments were introduced to replenish capital for major projects. We continued to take effective steps to stabilize the real estate market. We kept the supply of land for new real estate projects at an appropriate level, introduced city-specific policies to adjust and reduce property transaction restrictions, and cut interest rates on mortgages granted through individual housing provident funds. The task of ensuring timely delivery of housing projects was completed across the board. Thanks to coordinated measures taken to keep the stock market stable, the capital market steadily rebounded and transactions became brisk. We continued to implement a package of measures to address debt risks. As hidden local government debts were replaced in a well-ordered way and the number of financing platforms was further reduced, the structure of local government debts continued to improve. We also took well-coordinated steps to defuse risks in small and medium local financial institutions and to promote their transformation and development. As a result, the number of high-risk financial institutions fell considerably, and notable progress was secured in risk mitigation. 

中文来源：

https://www.gov.cn/yaowen/liebiao/202603/content_7062625.htm

英文来源：

https://english.www.gov.cn/news/202603/13/content_WS69b4b130c6d00ca5f9a09dfc.html

 又背了一段，我蒸蚌！