China's Growth Poses Opportunity and Risk

1、Lesson OneChinas Growth Poses Opportunity and RiskThreat to U.S. economic might is seen1 Structure of the news story (form)nHeadline: printing style: American / BritishnSubhead: function: nByline:nDateline:1 Structure of the news story (form)nWhat can we learn from the byline?nKeith Bradsher, propri

2、etor of Hong Kong Branch of the New York Times News Agency nFrom 1996 to 2000, the proportion of the negative reports and positive reports about China of American major medias is 30:1, including the New York Times, Time and Wall street Daily.nAll the reports assist the birth of “China Threat”.1 Stru

3、cture of the news story (form)nA orientation of negative report is obviously seen in the New York Times reports about China, especially when it is related to US national interests, for example: the issues of the textile trade between China and US, the reform of RMB exchange rate, politic system, rel

4、ation between China and JP, human rights, intellectual property rightsnRelate trading issues to China Threat.1 Structure of the news story (form)nHong Kong Branch of the New York Times News Agency = outpost(前哨) of United States1 Structure of the news story (content)2 Questions & Answers3 Information

5、 to be extended (online study)n1. Kansai International Airport (Duration of the project, budget, price, designer)n2. Baiyun Airport of Guangzhou (Duration of the project, budget, price, designer, area, capacity)n3. The trade battle between JP & US (Duration, causes)n4. Chinas present economic situat

6、ion (GDP, GNP, rank in the world)4 Language studynParagraph 3. U.S. companiesfrom Singapore.4 Language studynDifferent images of foreign countries and China4 Language studynPara. 4nThe welcome that China is offering to multinational companies and foreign investment has left many Western business exe

7、cutives, so critical of a closed JP a decade or so ago, enthusiastically embracing China, its cheap work force and its huge markets.4 Language studynPara. 10nAt the same time,economic development.nWhat kind of social tensions may we have?4 Language studynPara. 14nThe Bush administrationdemanding tha

8、t China let the exchange value of its currency float upward to raise the price of its exports.nWhy?4 Language studynPara. 15nAnd its opening to foreign investment brings China both the latest technology and the overseas corporate connections that help it fight restrictions on its export.nHow can ove

9、rseas corporate connection help China fight restrictions on its export?4 Language studynSalomon Smith BarneynSalomon Brothers Broad Investment nCitigroups Global Corporate and Investment Bank 4 Language study - Journalism languagenMilitary musclenBooms and bustsnEconomic bubblenAssertnEdgenCrack in

10、the economy5 Background informationnChina heads the world economic developmentnChinas economic toll=20% of USnWorld economic development increase 4.9%nChina 1.4% US 0.7%+ JP 0.2%nUrbanization speed= 2 Bostons per yearn40% iron & steel production + 60% cement production of the world5 Background informationnAdvantage of ChinanLow-wage work force Wage level of manufact