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Week1Day1 China’s economic data

地道表达

the property market, a pillar of the economy,* crumbled*

[ crumbled]崩溃

Eg.You’re sturdier than Chandler. He crumbled like a piece of paper.

China reported real growth (ie, after accounting for inflation) of 7% year on year in the first quarter, but nominal growth of just 5.8%..

[ inflation]膨胀

Eg. Inflation is an outgrowth of war.

That implied the economy suffered broad-based deflation, a bizarre claim given that consumer prices rose by more than 1% at the same time.

[ implied] adj. 暗指的,含蓄的

Eg. They implied him to be honest.

[ bizarre] adj. 奇异的（指态度，容貌，款式等）

Eg. a bizarre art nouveau façade. 怪异的艺术建筑。

Had the GDP deflator been more accurate, Chang Liu and Mark Williams of Capital Economics reckon, real growth in the first quarter would have been one or two percentage points lower.

[ reckon] vt. 猜想; 估计〈非正〉思忖; 设想 考虑; 认为〈正〉计算

Eg. reckon the cost of production计算生产成本

The corollary is that the GDPdeflator is now 0.1%,

[ corollary] n. 必然的结果,系,推论

Eg. the huge increases in unemployment were the corollary of expenditure cuts.

失业人数大大增加是减少支出的必然结果。

That doubtless flattered the data for the second quarter of this year by lowering the base for comparison. But the impact is small: a few tenths of a percentage point, perhaps.

[ Flatter] vt. 向…奉承; 阿谀 给以愉快的感觉

Eg. The portrait flatters her. 这幅画像比她本人美。

That lift has presumably become a drag in recent weeks as share prices have dived.

[ presumably] adv. 据推测, 大概, 可能

Eg. the earring was presumably real gold.

其他表达：

Right on target正中红心

set a growth target of制定目标

year on year同比

signs of some tampering一些篡改的迹象

quarter-on-quarter上季度

in a row连续的

soaring stock market飙升的股票市场

专业知识

GDP price deflator GDP平减指数

GDP price deflator is an economic metric that accounts for inflation by converting output measured at current prices into constant-dollar GDP. This specific deflator shows how much a change in the base year’s GDP relies upon changes in the price level. The GDP price deflator is also known as the “implicit price deflator.”

reference：investopedia

Consumer Price Index - CPI 消费者物价指数

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Changes in the CPI are used to assess price changes associated with the cost of living; the CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.

reference：investopedia

Producer Price Index - PPI 生产者价格指数

The Producer Price index (PPI) is a family of indexes that measures the average change in selling prices received by domestic producers of goods and services over time. PPIs measure price change from the perspective of the seller and differs from other indexes, such as the Consumer Price Index, that measure price change from the purchaser’s perspective. The PPI looks at three areas of production: industry-based, commodity-based and commodity-based final demand-intermediate demand.

reference：