cutoff point:起征点
Chinas 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 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 firms first direct investment in Chinas banking industry, after it lost a bid to buy into Bank of Beijing in March to Dutch rival ING and the World Banks International Finance Corp.
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2016-02-29
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