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Unit3WorldNews:EconomicDevelopmentsPartIWarmingupA.NewsItem1:CentralBankMeetingCentralBank:Anation'sprincipalmonetaryauthority,suchastheFederalReserveBank,whichregulatesthemoneysupplyandcredit,issuescurrency,ernor:
chiefexecutive(ofCentralBank)slowdown:減速abusinessslowdownoutlook:theprospectforthefutureglobaleconomy:recovery:aneconomicupturn(asafteradepression)emergingeconomies:referstothecountrieswhoseeconomiesaredevelopingfastCentralBankgovernorsfrommorethanadozencountrieshavebeenmeetinginHongKongtoday.OnesubjecttheylikelydiscussedistheoutlookfortheglobaleconomybecauseoftheU.S.slowdownandJapan’sstrugglingrecovery.Anothertopic,howtostrengthenfinancialmarketsinemergingeconomiesinAsiaandelsewhere.Item2.ForeignInvestmentUNConferenceonTradeandDevelopment(UNCTAD):
wasestablishedin1964asapermanentintergovernmentalbody,UNCTADistheprincipalorganoftheUNGeneralAssemblydealingwithtrade,investmentanddevelopmentissues.WhatdoesUNCTADsayabouttheworldwidetotalofforeigninvestment?Itgrewby40%lastyeartomorethan600billiondollars.AUnitedNations’reportsaystheworldwidetotalofforeigninvestmentgrewbynearly40%lastyeartomorethan600billiondollars.ThereportbytheUNConferenceonTradeandDevelopment,UNCTADsaysmostofittookplacebetweendevelopedcountriesasbigcompaniestookoneanotherover.approve:
togiveformalorofficialsanctionto:ratify批準(zhǔn);認(rèn)可Congressapprovedtheproposedbudget.cut:toreduceinamount;reductioncutcoststrillion:萬億,兆,一千的四次冪TheUnitedStatesHouseofRepresentativeshasapprovedacutinincometaxrates,thefirstpartofapackageoftaxcuttingmeasuresputforwardbyPresidentBush.Theincometaxreductionswillamounttonearly1trilliondollarsovertenyears.Whohasannouncedjobcutsafterafallindemandforitsproducts?Whatisitsplan?IntelToReduce5,000Theworld’slargestmakerofcomputerchips,Intel,hasannouncedjobcutsafterafallindemandforitsproducts.Intelsaiditexpecteditsrevenueinthefirstquarterofthisyeartofallbyaquarteronthesameperiodlastyear.TheCalifornia-basedcompanyplanstoreduceits85,000-strongworkforceby5,000.Item5RestrictionsontheMovementofLive-StockTheEU:theEuropeanUnionimpose:toestablishorapplybyauthority<imposeatax><imposenewrestrictions><imposepenalties>ban:legalorformalprohibition禁止;禁令live-stock:animalskeptorraisedforuseorpleasure;especially:farmanimalskeptforuseandprofit(總稱)家畜foot-and-mouthdisease:牛羊等的口蹄疫WhatdecisionshavebeenmadebyEU,theU.S.andCanadaafteracaseoffoot-and-mouthdiseasewasconfirmedinFrance?EUhasimposedfurtherrestrictionsonthemovementoflive-stock.TheU.S.andCanadahaveissuedtemporarybansontheimportofanimalproducefromEUB.NewsonEconomyFocus:NumbersandPercentagesItem1.ExchangeRatesandStockExchangeGermanmark:德國馬克Japaneseyen日元TheDowShareIndex:道瓊斯股票指數(shù)TheNikkeiShareIndex:日經(jīng)指數(shù)Foreignexchangerates:1dollar=Germanmarks=
Japaneseyen1pound=dollarsShareIndex:DowJones(+45)London’s100(+20)Nikkeiclosed1.733126.91.6246,7834,390NASDAQ:NationalAssociationofSecuritiesDealersAutomatedQuotation那斯達(dá)克(美國全國證券交易商協(xié)會(huì)自動(dòng)行情指數(shù))ShareIndex:
DowJones(+96)StandardandPoor’s500(+6)NASDAQ:(-1.5)10,1161,254MostActiveStocks:CableandWirelessHKTHSBCHutchisonShanglongkaiPropertyChinaTelecomChanghongPacificCenturyCyberworldsCCTTelecom$0.45
$0.50$0.50
$2.25$1.50$0.25$0.10$0.275NewWorldCyberspaceHanongHoldingsGoldPrices:HongKonggold:HK$Londongold:US$$0.075$0.252,670289PartIINewsReportTrainingfocus:NewsSummaryCitigroup
isthelargestfinancialservicescompanyintheworld.HSBCBankingCompany:HeadquarteredinLondon,HSBCisoneofthelargestbankingandfinancialservicesorganizationsintheworld.HSBC'sinternationalnetworkcomprisesover9,800officesin77countriesandterritoriesinEurope,theAsia-Pacificregion,theAmericas,theMiddleEastandAfrica.BP-Amoco:USA.Multi-nationalpetro-chemicalcompany.Daimler-Chrysler:isaprominentautomobileandtruckmanufacturerwitharevenueof$192.319billionUSD(2004)GeneralElectricCorporation:isamultinationaltechnologyandservicescompany.Anglo-AmericanOilCompany:Microsoft:Themostsuccessfulandinfluentialsoftwarecompany.Microsoft'ssoftwareandIntel'shardwarepioneeredthePCandrevolutionizedthecomputerindustry.Foundedin1975byBillGatesandPaulAllen,BankofAmerica:isthethirdlargestbankintheU.S.A,measuredinassets.Itwasfoundedin1874asCommercialFinancialBpositeformula:aformulathatismadeupofdifferentparts
綜合方案,綜合指標(biāo)assets:固定資產(chǎn)marketcapitalization:
Thetotaldollarvalueofalloutstandingshares.It'scalculatedbymultiplyingthenumberofsharestimesthecurrentmarketprice.Thistermisoftenreferredtoasmarketcap.(股票等的)市值merger:(公司等的)合并acquisition:Whenonecompanypurchasesamajorityinterestintheacquired.rank:totakeorhaveapositioninrelationtootherscite:tomentionsomethingasproofforatheoryorasareasonwhysomethinghashappenedciteanexample;citesomereasonListentothereportandcompletethenewssummaryandthenanswerthequestionsSummary:ThisnewsreportisaboutForbes’s“Super100Global”list.(福布斯公布的全球100強(qiáng)公司名單)Answerthefollowingquestions:1.WhichofthefollowingcorporationsarethetopfiveonForbes’sList?Marktheirranks.______Citigroup______HSBCBankingCompany______BP-Amoco______Daimler-Chrysler______GeneralElectricCorporation______Anglo-AmericanOilCompany______Microsoft______BankofMerica123452.Howarethecompaniesranked?Thecompaniesarerankedwithacompositionformula,whichincludes________________andmarketcapitalization,orthetotalvalueoftheirstock.3.Howarethe100companiesdistributed?______________________________4.WhywerenoneoftheInternet-relatedfirmshavelittleornoprofitssofar.______________________________________________________________________46intheU.S,54inEuropeandJapantotalsales,profits,assetsBecausemostoftheInternet-relatedfirmshavelittleornoprofitssofar.B.EconomiesintheAsia-Pacificregion
financialcrises:
金融危機(jī)rebound:
torecoverfromsetbackorfrustrationexceed:
tobegreaterthanHewastakentothepoliceboxforexceedingthespeedlimit.turnaround:(經(jīng)濟(jì)等的)突然好轉(zhuǎn);突然轉(zhuǎn)壞resurgence:recoveryfromeconomicdepression復(fù)蘇inflation:通貨膨脹Thegovernmentdidnothingtocurbinflation.政府沒有采取措施遏制通貨膨脹。flourishingeconomy:prosperouseconomyorsuccessfulrecoveryfromeconomicrecession.buoyant:capableofrecovering:havingpositiveindications趨于上升的;上漲的abuoyantstockmarket行情看漲的股票市場(chǎng)<abuoyanteconomy;buoyantexports>complacency:滿足;自滿adversely:逆向地sustainedrecover:持續(xù)恢復(fù)、好轉(zhuǎn)surveillance:closewatchkeptoversomeoneorsomething監(jiān)督;檢查Listentothereport,completethenewssummaryandthendecidewhetherthestatementsyouhearonthetapeareTRUEorFALSE.Summary:Thisnewsreporttellsusthat___________________________________________________________________economiesintheAsia-Pacificregionhavereboundedfromthe1997-1998financialcrisisStatements:1.TherewasafinancialcrisisinAsiafrom1996-1998.
2.EconomicgrowthinAsiaisexpectedtobemorethan6%thisyear.3.EconomiesintheAsia-Pacificregiongrewby5.5%lastyear.4.EconomiesintheAsia-Pacificregiongrewconsiderablyin1998.5.HigheconomicgrowthinAsiawasaccompaniedbyhighinflation.F1997-1998TTF1998experiencedzero-growthFHighergrowthhasbeenachievedwithoutcausinginflationtorise6.TheflourishingeconomyintheAsia-Pacificregionislargelyduetoacombinationofgreaterforeigninvestmentsandincreasingexports.7.TheeconomicgrowthintheregioncouldbeadverselyaffectedbyaslowdownintheU.S.economyandhigheroilprices.8.AccordingtotheUNreport,improvedsurveillanceandearlywarningsystemsareneededtomonitortheinternationalfinancialdevelopment.TTTPartIIIChinaandWTOTrainingFocus:SelectingInformationChinaandWTOBackgroundbuilding:WTO:establishedin1995
theGeneralAgreementonTariffsandTrade(GATT)關(guān)貿(mào)總協(xié)定TheWTOisresponsibleformonitoringnationaltradingpolicies,handlingtradedisputes,andenforcingtheGATTagreements,whicharedesignedtoreducetariffsandotherbarrierstointernationaltradeandtoeliminatediscriminatorytreatmentininternationalcommerce.UnlikeGATT,theWTOisapermanentbodybutnotaspecializedagencyoftheUN;ithasfargreaterpowertomediatetradedisputesbetweenmembercountriesandassesspenalties.HeadquarteredinGeneva,alsoholdsinternationalministerialconferences;147members.China’sEntryintoWTOAfter15yearsofarduousefforts,theprotocol草案onthePRC’sWTOentrywasapprovedandadoptedattheFourthWTOMinisterialMeetingheldinDoha,capitalofQatar,byrepresentativesfrom142membersonNovember10,2001.OnDecember11,2001Chinaformallybecamethe143rdmemberoftheWTO.EnteringtheWTOisastrategicdecisionmadebytheChinesegovernmentundertheconditionofeconomicglobalization,markingthenewstageofChina’sopening-up.grueling:extremelytiringanddifficult,anddemandinggreateffortanddetermination累垮人的boost:apushupward推動(dòng);幫助;促進(jìn)
aboosttotheirmorale對(duì)他們士氣的激勵(lì)attributesth.tosth.:
tosayorthinkthatsomethingistheresultorworkofsomethingorsomeoneelse:
把...歸因于;把...歸咎于Thedoctorshaveattributedthecauseoftheillnesstoanunknownvirus.
Heattributedhisgoodhealthtoexercise.他認(rèn)為自己之所以身體好是因?yàn)檫\(yùn)動(dòng)。expediency:ameansofachievingaparticularend權(quán)宜之計(jì)Listentothereportandcompletethestatements.1.After_______ofgruelingtalks,BeijingreachedanagreementwiththeUnitedStatesonChina’s________________.2.At______,topU.Straderepresentative,SharlineBaschevsky,andChineseforeigntrademinister,ShiGuangsheng,______________________________________________________________.sixdaysentryintotheWTO4p.mputtheirsignaturesonpapertoconfirmChina’sentryintotheWTO3.Theagreementmarkstheendof_______________________________betweenChinaandtheUnitedstates.13longandoftenpainfulyearsofegotiationsB.thesecondpartofthereportbilateraltraderelations:雙邊貿(mào)易關(guān)系mutualbenefits:互利termsandconditions:條款provision:規(guī)定;條款A(yù)ccordingtotheprovisionsofthisagreement,youmustcontinuetoworkforthemanothertwoyears.按照協(xié)議的規(guī)定,你必須再為他們工作二年。importduty:進(jìn)口稅phasesth.in:tointroducesomethinggraduallyorinstages:Theywillphasethenewhealthcaresysteminoveraperiodoffiveyears.abideby(rules)toacceptorobeyanagreement,decisionorrule:Competitorsmustabidebythejudge'sdecision.
Listentothesecondpart.Summarizethemaincontentoftheagreementbyfillingintheblankswithwhatyouhear_____________________toChina’smarketwithspecificcommitmentsto__________________________________Provisionsrelatingto_________________.TermsandconditionsofaccessIndustrialgoods,agriculturalproductsandservices.rulesonmarketopeningChina’sreducingitsaverageimportduties_______________________________China’sopeningitsmarketfor______________________________________________________________China’sjoiningtheWTOas______________.from22to17%U.S.banks,insurers,telecommunicationsfirmsandevenfilmexporters.adevelopingnation中國代表團(tuán)團(tuán)長石廣生在WTO第四屆部長級(jí)會(huì)議上的發(fā)言
StatementbyH.E.MinisterSHIGuangsheng,HeadoftheChineseDelegation,
attheFourthMinisterialConferenceoftheWTO
PartIV.UNbusinessconferenceTrainingfocus:Newssummaryfeature:togivespecialprominencetoEconomicissuesfeaturedverylargelyinthePrimeMinister'sspeech.首相的講話中很大一部分涉及經(jīng)濟(jì)問題。seminar:ameetingforgivinganddiscussinginformation專家討論會(huì)aseminaronenvironmentalprotection關(guān)于環(huán)境保護(hù)問題的討論會(huì)attendee:apersonwhoattends(ameeting,etc.)minglewith:mixtogetherorwithsomethi
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