Fuxing trains 复兴号动车组
2018-12-27Three new types of domestically developed Fuxing trains designed with varying top speeds made their debut on Monday, which experts said will offer more choices to potential overseas customers.
Lazy economy 懒人经济
2018-12-27According to a report issued recently by China's major e-commerce platform Taobao on so-called lazy person's consumption statistics, this year Chinese people spent 16 billion yuan purchasing commodities and services online. The amount was 70% more than that of 2017, with the post-1995 generation being the "laziest" as their consumption increased 82% year-on-year.
Tsunami 海啸
2018-12-26A tsunami killed at least 227 people and injured hundreds around Indonesia's Sunda Strait following an underwater landslide believed caused by the erupting Anak Krakatau volcano, officials and media said on Sunday.
退押金 deposit refund
2018-12-26Over 12 million users of bike-sharing firm Ofo have requested deposit refunds as of Friday, with the company possibly owing in excess of 1 billion yuan to its riders.
加息 rate hike
2018-12-26The US Federal Reserve raised interest rates on Wednesday and said it was keeping the core of its plan to tighten monetary policy intact even as central bank officials said they would likely slow the pace of further rate increases next year.
累计预扣法 cumulative withholding method
2018-12-26A new system for calculating individual income tax will take effect from Jan 1, the State Administration of Taxation said Thursday. For residents, tax will be assessed by the cumulative withholding method and paid monthly.
