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  First, substantially increase government spending to boost domestic demand. The Chinese Government has announced a two-year investment program that will generate, through fiscal spending, a total investment of RMB 4 trillion nationwide, equivalent to 16% of China's GDP in 2007. The money will mainly go into government-subsidized housing, projects related to the well-being of rural residents, the construction of railway and other infrastructural projects, social development programs, environmental protection and post-earthquake recovery and reconstruction. The Chinese Government has introduced a massive tax-cut program, which will reduce the tax burdens on businesses and individuals by about RMB 500 billion each year. We have also cut interest rates by a large margin, increased liquidity in the banking system and adopted a range of financial measures. (来源:英语学习门户网站EnglishCN.com)

  二是大范围实施产业调金融危机整振兴计划。我们全面推进产业结构调整和优化升级,制定汽车、钢铁等十个重点产业的调整和振兴规划。我们采取经济和技术的措施,大力推进节能减排,推进企业兼并重组,提高产业集中度和资源配置效率。我们鼓励和支持企业广泛应用新技术、新工艺、新设备、新材料,开发适销对路产品。

 

  Second, implement a large-scale industrial restructuring and rejuvenation program. We are pushing forward industrial restructuring and upgrading across the board and formulating plans for the restructuring and revitalization of ten key industries, including automobiles and iron and steel. We will take economic and technological measures to boost energy conservation and reduce emissions, and promote merger and reorganization of enterprises to raise the level of industry concentration and the efficiency of resource allocation. We encourage and support the extensive application of new technologies, techniques, equipment and materials and the development of marketable products by enterprises.

  三是大力推进科技进步和创新。科技是克服金融危机的根本力量。每一场大的危机常常伴随一场新的科技革命;每一次经济的复苏,都离不开技术创新。我们加快实施国家中长期科学和技术发展规划,特别是核心电子器件、核能开发利用、高档数控机床等16个重大专项,突破一批核心技术和关键共性技术,为中国经济在更高水平上实现可持续发展提供科技支撑。推动发展高新技术产业群,培育新的经济增长点。我们就是要依靠科学技术的重大突破,创造新的社会需求,催生新一轮的经济繁荣。

  Third, make energetic efforts for progress and innovation in science and technology. Science and technology are of fundamental importance in overcoming the financial crisis. A major crisis is usually followed by a revolution in science and technology, and no economic recovery is possible without technological innovation. We are stepping up the implementation of the National Program for Medium- and Long-Term Scientific and Technological Development, with special emphasis on 16 major projects including core electronic devices, development and use of nuclear energy and advanced numerically controlled machine tools. We will strive to make breakthroughs in a host of core technologies and key generic technologies to support sustainable economic growth at a higher level. We will promote the development of high-tech industrial clusters and cultivate new economic growth areas. All in all, we will rely on major breakthroughs in science and technology to foster new social demand and bring about a new round of economic boom.

  四是大幅度提高社会保障水平。继续提高企业退休人员基本养老金,提高失业保险金和工伤保险金标准,提高城乡低保、农村五保等保障水平。积极推进医药卫生体制改革,力争用三年时间基本建成覆盖全国城乡的基本医疗卫生制度,初步实现人人享有基本医疗卫生服务。我们坚持优先发展教育,正在制定《国家中长期教育改革和发展规划纲要》。我们实施更加积极的就业政策,重点解决高校毕业生和农民工就业问题。开辟就业岗位,缓解就业压力。我们采取这些措施,把扩大国内需求、调整振兴产业、加强科技支撑、强化社会保障结合起来,把拉动经济增长和改善民生、增加就业结合起来,把克服当前困难和促进长远发展结合起来。这样做,有利于中国的发展,也将给包括英国在内的世界各国企业带来巨大的商机。

  Fourth, significantly raise the level of social security. We will continue to increase basic pension for enterprise retirees and upgrade the standard of unemployment insurance and workers' compensation. We will raise the level of basic cost of living allowances in both urban and rural areas and welfare allowances for those rural residents without family support. We are advancing the reform of the medical and health system and working to put in place a nationwide basic medical and health system covering both urban and rural areas within three years and achieve the goal of everyone having access to basic medical and health service. We give priority to education and are now working on the Guidelines of the National Program for Medium- and Long-Term Educational Reform and Development. We are following a more active employment policy with special emphasis on helping college graduates and migrant workers find jobs. We are endeavoring to create more jobs and lessen the impact of the financial crisis on employment. The aforementioned measures will help us boost domestic demand, readjust and reinvigorate industries, enhance the support of science and technology and strengthen social security all at the same time. They will stimulate consumption through increased investment, drive economic growth while improving people's livelihood and creating more jobs, and see us through current difficulties while also improving the long-term prospect of the Chinese economy. They will not only benefit China's development, but also bring enormous business opportunities to other countries, Britain included.

 
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