outbound travel：出境游

　　Outbound travel by Chinese citizens started in 1997 with destinations consisting merely of Thailand， Singapore， Malaysia， the Philippines as well as China’s Hong Kong and Macao. Only 5.32 million Chinese citizens traveled abroad the same year， the official said.

　　assembly line：装配线

　　Airbus agreed with Premier Wen Jiabao on Sunday to study the possibility of setting up an assembly line in China —— a move that could see its jets being built outside Europe for the first time.

　　attrition：人员自然缩减

　　Wagoner said the job cuts will come primarily through attrition and early-retirement packages to mitigate the impact on workers.

　　money broker：货币经纪人

　　China’s banking regulator on Friday published detailed rules for the implementation of provisions to manage money brokers.

　　blockbuster：巨片、大片

　　Hong Kong blockbusters swept the major prizes of Taiwan’s 42nd Golden Horse Film Awards， considered one of the top awards events of the Chinese-language film industry.

　　smooth over：消除

　　The accord is aimed at smoothing over a rough spot in the US-China trade relationship before President George Bush visits Beijing in the middle of this month.

　　reshuffle：改组；调整

　　A financial reshuffle by the Industrial and Commercial Bank of China， which was transformed into a joint stock company， is more or less finished.

　　severence pay：解雇金

　　“Laying of workers is a tough decision to make because of the strong relation with workers and the high severance pay，” he said.

　　cutoff point：起征点

　　China’s monthly personal income tax cutoff point was lifted to 1，600 yuan from 1，500 yuan after drawing on public opinions from the first-ever legislature hearing held on Sept. 27.

　　write off：勾销债款

　　Reform measures， including 2 billion yuan （US$246 million） in central bank bills to help write off bad loans as well as efforts to improve management， have already yielded results.

　　upstart：暴发户；新贵

　　Facing intense competition both from global rivals like General Motors Corp. and domestic upstarts like Chery Automobile Co.， VW has seen its market share drop to 18 percent， from well over 50 percent in the 1990s.

　　buy into：买入股票

　　Once finalized， the deal would mark the European firm’s first direct investment in China’s banking industry， after it lost a bid to buy into Bank of Beijing in March to Dutch rival ING and the World Bank’s International Finance Corp.

　　liquidator：清算人

　　Stephen Liu Yiu-keung and Yeo Boon-ann have been appointed as joint liquidatorsof the company， to implement the transactions outlined in the Settlement Deed.

　　brisk：兴旺的；生机勃勃的

　　It is estimated that the sales volume of gold and jewelry during the week-long holiday saw a year-on-year increase of around 35 percent as business was brisk throughout the country

　　at a discount：打折扣

　　The valuation is at a discount to the country’s number-five lender， Bank of Communications （BoCom）， whose shares trade at about 2.2 times book.

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