王关富《商务英语阅读（第二版）》 参考答案
Unit 1
Why China Works
Exercis
1. Answer the questions on the text:
土豆皮1) How does the author view the Chine economy?
It is the most important bright spot in the world economy under the global recession, the only major economy that is likely to show significant growth this year, and the only one that routinely breaks every rule in the economic textbook.
2) According to the author, why can the Chine economy perform so well?
Becau of:
建筑工程经济(1) the capacity for state control by the Chine government.
(2) its rejection of exotic financial innovations that are the melting core of the global credit crisis.
(3) the integration of its economic policies between traditional market tools and state control measures.
3) In what way does the author imply that western economists are erroneous in their bias toward “China’s market economic system”?
The United States and Europe are moving toward state control by nationalizing the酒赋ir banking and car industries, and imposing heavy new regulation on the financial industry.
4) What is the view of Stephen Roach on the Chine economy system?
Investment is the backbone of sustainable growth in the Chine economy, which works more effectively than other market bad systems in times of economic stress.
5) Why can China work in the eye of the author?
It has followed 成都大学怎么样a radical 特别治疗pragmatism focusing on a slow but steady shift toward freer markets.
6) What is regarded as the strategic thinking of the Chine leaders in market reforms?
They understand even under the rious financial crisis that it can stabilize the Chine market and economy to introduce more sophisticated forms of curitization, including stock index funds, corporate bonds and other debt products. They also realize that, in the cour of doing this, they should learn from the mistakes the westerners have made.
7) What is the example given to illustrate the steadiness of the Chine leaders in their policy execution?
They continue to allow the value of yuan to ri despite of the American charges and the need for export competitiveness by their own enterpris.
8) What is “shock therapy”?
It is the economic policy adopted in Russia from 1991 to 1992 that totally deregulated prices and lead to a runaway inflation. It proved to be all shock and no therapy.
9) In what ways does the Chine economic system work efficiently?
It can get things done quickly, move in a coherent manner, and marshal its people and resources to a common target: economic growth and prosperity.
11) What are the Internet and public opinion ud for?
For putting pressure on local天鹅湖芭蕾舞剧 officials and influencing policy decisions.
2. Fill in each blank of the following ntences with one of the phras in the list given below. Make changes when necessary.
1)At a time when the need is growing for mental health rvices, many countries are unfortunately cutting back on its spending.
2)There is an increasing number of people out of work. But the western media often unfairly label them as lazy and reliable.
3)Now that the flow of oil has been stopped by BP, the impact of all the spilled oil and natural gas is still being measured.
4)Once again its ability to steer economic policy will be tested against the ability to deliver on rvices and projects aimed at growing the economy and jobs天坑地缝.
5)Housing prices are incredibly high today. But he bought his hou for a song about five years ago.
6)As people are complaining high prices, especially tho related to daily necessities, the government feels rather urgent to hold down inflation rate immediately.
7)Under the new economy policy investors are invited to buy into state-owned enterpris.
8)Since a rious gun shooting occurred in Arizona last week, curity concerns have trickled down to all places, including residential buildings.红烧羊排怎么做好吃又简单
9)Social unrest is a daily occurrence in the country nowadays. It is in the last place when it comes to investment for multinational companies.
10)Efforts to ban smoking in China are so effective yet. Some chain smokers never think of quitting while many others have battled in vain to quit.
3. Match the terms in column A with the definitions in column B:
A_______________________ B__________________________________
1)financial innovation A) A reduction in the general availability of loans (or
credit) or a sudden tightening of the conditions
required to obtain a loan from the banks.7
2)stimulus package B) A non-bank entity or organization such as
investment companies and mutual funds that
