China's private sector in facts and figures – YouTube Dictation Transcript & Vocabulary
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Interactive Transcript & Highlights for Dictation
1.economy plays a big role in China's overall development let's take a look at some of the figures facts and figures actually China has been long the development of the private sector uh official figures show that China's private sector contributes to over 60% of the country's GDP it also accounts for more than 80% of urban employment in the manufacturing sector for example private businesses account for over 96% of the total manufacturing companies in China the private sector provides nearly half of the country's foreign trade it also plays a key role in boosting China's high-tech and emerging the share of private businesses in the scientific research and Technical Services sector has risen from 91.9% in 2019 to more than 94% now over 70% of the are contributed by the private sector back to you guys uh well Lily uh still focusing on this looking ahead tell us more about uh measures from uh uh the Chinese government to further boost the private sector sure Pand let me give you three key words now first Fair equal and supportive China's xiin ping has said that China Works to ensure that economic entities under all forms of ownership have equal access to factors of production in with the law in our Market access China is working to release a new version of the negative list to support private Enterprises private Enterprises will also engage more in major national projects and key security infrastructure initiatives and on Innovation side authorities are working to improve the allocation of sign s Tech resources for the private sector and also support private Enterprises with strong research and development capabilities to take on leading roles now to ease the financial burden China has rolled out various initiatives including the principal deferral loan renewal and now this policy covers small and mediumsized businesses helping them to maintain during challenging periods and on recruiting talents authorities are working to empower small and mediumsized Enterprises through measures like national talent programs and training for leading talents in small and medium-sized Enterprises management
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Key Vocabulary (CEFR B2)
strategic
A2Of or pertaining to strategy
Example:
"strategic projects and key security"
operations
A2The method by which a device performs its function.
Example:
"to maintain operations during"
promoting
A2To raise (someone) to a more important, responsible, or remunerative job or rank.
Example:
"actually China has been long promoting"
industries
A2The tendency to work persistently. Diligence.
Example:
"Industries the share of private"
technological
B2Of, relating to, or involving technology, especially modern scientific technology.
Example:
"94% now over 70% of the technological"
innovations
B1The act of innovating; the introduction of something new, in customs, rites, etc.
Example:
"innovations are contributed by the"
president
A2An act in the past which may be used as an example to help decide the outcome of similar instances in the future.
Example:
"president xiin ping has said that China"
accordance
B2Agreement; harmony; conformity; compliance.
Example:
"accordance with the law in our Market"
| Word | CEFR | Definition |
|---|---|---|
| strategic | A2 | Of or pertaining to strategy |
| operations | A2 | The method by which a device performs its function. |
| promoting | A2 | To raise (someone) to a more important, responsible, or remunerative job or rank. |
| industries | A2 | The tendency to work persistently. Diligence. |
| technological | B2 | Of, relating to, or involving technology, especially modern scientific technology. |
| innovations | B1 | The act of innovating; the introduction of something new, in customs, rites, etc. |
| president | A2 | An act in the past which may be used as an example to help decide the outcome of similar instances in the future. |
| accordance | B2 | Agreement; harmony; conformity; compliance. |
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