经济

electric energy production

发电量

rectify economic order

整顿经济秩序

The basis of the socialist economic system is socialist public ownership of the means of production, namely, ownership by the whole people and collective ownership by the working people.

社会主义经济制度的基础是生产资料的社会主义公有制，即全民所有制和劳动群众集体所有制。

excessive growth

发展过快

secondary industry

第二产业

price increase are deducted(excluded)

扣除物价上涨部分

to establish at a preliminary level a new system of socialist planned commodity economy.

初步建立社会主义计划商品经济新体制。

improve economic environment

改善经济环境

per capita GNP

人均国民生产总值

China needs to be vigilant against the Right deviation, but primarily, it should guard against the "Left"deviation.

中国要警惕右，但更要防“左”。

The criterion for our judgement is whether the move facilitates the development of socialist productive forces, whether it helps increase the overall national strength of a socialist country, and whether it brings about better living standards.

我们辨别的标准是看这样做是否有利于发展社会主义的生产力，是否有利于增强社会主义国家的综合国力，是否有利于提高人民的生活水平。

cornerstone ['kɔ:nəstəun]

基石