1. 四合院 courtyard dwellings; quadrangle dwellings

2. 水货 smuggled goods

3. 四书（《大学》、《中庸》、《论语》、《孟子》）The Four Books (The Great Learning, The Doctrine of the Mean, The Analects of Confucius, The Mencius)

4. 水土流失 soil erosion

5. 四有新人new generation of people with lofty ideals, moral integrity, good education and a strong sense of discipline

6. 水涨船高When the river rises, the boat floats high.

7. 搜索引擎（计算机）search engine

8. 硕博联读 a continuous academic project that involves postgraduate and doctoral study

9. 素质教育 education for all-around development

10. 私人企业 private enterprise

11. 随行就市 prices fluctuating in response to market conditions

12. 私营企业 privately-run enterprise

13. 所得税 income tax

14. 思想僵铁 fossilized concept

15. 经营性文化单位 cultural enterprises

16. 死机 system halted

17. 精神文明 spiritual civilization; advanced culture and ethics

18. 死帐 uncollectible account, bad debt, bad loan

19. 孔孟之道 Confucius-Mencius doctrines

20. 四个现代化 four modernizations (the modernization of agriculture, industry, national defense, and science and technology)

21. 水浒传 Heroes of the Marshes; Water Margins

22. 四十不惑 Life begins at forty.

23. 水墨画 Chinese brush drawing; ink and wash painting

24. 四项基本原则 the Four Cardinal Principles of adherence to the socialist road, the people's democratic dictatorship, the leadership of the Communist Party of China, and Marxism-Leninism and Mao Zedong Thought

25. 水下导弹 submarine-based missiles

26. 松散层 loose level (of an enterprise group)

27. 说曹操，曹操到 Talk of the devil and he comes.

28. 夙敌 arch-rival

29. 司仪 MC (master of ceremonies)

30. 酸雨 acid rain

31. 私人游资 mobile private capital

32. 岁岁平安 Peace all year round

33. 思乡曲 Nostalgia

34. 所有权经营权分离 separate ownership from managerial authority

35. 死而后已 until my heart stops beating

36. 经营性文化演出 commercial art and cultural performance

37. 死亡率 mortality

38. 敬老慈幼 respect the old and love the young

39. 四大金刚 Four Heavenly Guardians at the entrance to a Buddhism temple

40. “孔雀奖” Peacock Award (for ethnic minority artists and artworks)

41. 授信贷款 credit extension loan

42. 试管婴儿 test-tube baby

43. 售后服务 after-sale services

44. 人头税 poll tax

45. 枢纽工程 multi-purpose project or pivotal project

46. 适龄儿童入学率 enrollment rate for children of school age

47. 数据通信 data communication

48. 适者生存 survival of the fittest

49. 刷卡，划卡 to punch the card; to stamp the card

50. 收购兼并 merger and acquisition

（编辑：王鑫）