Top ten catch phrases in China since 1978 reform -China Youth International
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Top ten catch phrases in China since 1978 reform


http://en.youth.cn   2009-09-14 16:22:00

As the most watched Games in history, with an estimated 4.5 billion TV and Internet viewers, the Beijing Olympics attracted the most participants, who were from a record 204 countries and regions.

"Speculate in stocks"

In 1990, China opened its first stock exchange in Shanghai, the country's industrial and financial center. In 1991, it set up its second bourse in Shenzhen, the country's first special economic zone.

China witnessed waves of stock crazes over the years and fluctuations in the stock market touch the nerves of millions of Chinese.

In 2007, the country saw a bull stock market, with the key benchmark Shanghai Composite Index soaring from 2,728 points in January to 5,261 points, or 92.85 percent, on December 28.

In fact, the market has been on a bullish run for 29 months from June 6, 2005 to November 2007, longer than the general bullish market cycle of 17 to 24 months.

But it has dipped since last November.

"Chinese characteristics"

The phrase became well-known as an answer by late leader Deng to the question of how China could improve its productivity and people's lives with its less-developed economy.

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source : Xinhua ¡¡ ¡¡ editor:£º Ivy
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