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SelectedReadingsonInternationalBusiness&EconomicsfromWesternJournals西方报刊经贸文章选读Lesson1•1.WhywasChinaregardedas“animportantpole”fortheeconomicgrowthofAsiaandtheworldbytheauthoritativeanalysts?(ReadParagraph2.)•Hereconomyhadcontinuedtoboomintherecentyearsandgrewattherateofnearly10percentannually.Itwasalreadybysomekeymeasurestheworld’ssecondlargesteconomy.•2.IsChinaaso-called“threat”oraneconomicdrivertoothercountrieswithherbecoming“thefactorytotheworld”?Why?(ReadParagraph3-4.)•WhileChina’sexportsgrowfastalltheway,veryoftenherimportsgrowstillfaster(thantheexports)asdemandinChinaisbooming.It’sadrivertotheworldeconomy,especiallytheEastAsia.•3.HowimportantisChinatotheglobaleconomy?(ReadParagraph5-6.)•China’sstrongdemandhasfueledtheexpansioninmanyfieldsoftheworldeconomy,suchassteel,copper,chemicals,mobilephones,personalcomputers,etc.Asearlyasin2003,inPPPterms,Chinahadaccountedforabout10percentofworldGDP,whichputitbehindtheUnitedStatesintheNo.2spot.•4.WhatarethecharacteristicsoftheChinesemarket?(ReadParagraph7.)•Themarketisverycompetitive,butthedemandishuge.•5.Whataretherippleeffectsofforeign(direct)investmentinChinaontheworldeconomy?(ReadParagraph8.)•Therippleeffectsareincreasinglybroad.InvestmentinChinahelpsitsneighborsinpreviouslyunrecognizedway,becauseitssupplychainincludesagrowingnetworkofcontractproducersacrossAsia.EverydollarspentinChinaisre-spentmanytimesnotonlywithinthecountry,butalsothroughouttheregion,magnifyingtheeffectofa“moreliberalglobaltradingenvironment.”•6.WhatistheprospectoftheChinesemarket?(ReadParagraph10.)•Chinastillhasmanyindustries,particularlyinserviceslikeinsuranceandfinance,whichareonlynowbeginningtoopentoworldtrade.AndtheRMBistoappreciategraduallyandgivesasubstantialboosttoimport-buyingpower.Lesson1•合资企业jointventure•企业家精神entrepreneurship•增长growth•衰退slump•迅速发展toboom•崛起toemerge•通货紧缩deflation•亚洲开发银行theAsianDevelopmentBank•猛增tojump•贸易逆差tradedeficit•衰退recession•移动电话mobilephone•个人电脑personalcomputer•破产的bankrupt•购买力平价purchasingpowerparity•跨国公司multinational•供应链supplychain•贸易环境tradingenvironment•全球化globalization•自由浮动floatfreely•提高购买力raisethepurchasingpowerSupplementaryReading•［货币］升值revaluation•提高生产率toliftproductivity•［货币］增值appreciation•利润margin•电子产品electronics•消除toerase•利润幅度profitmargin•竞争力competitiveness•双边经济关系bilateraleconomicties•［经济］部门sector•品种更多的商品awiderrangeofgoods•定价能力pricingpower•支配地位dominance•电讯telecommunications•贸易顺差tradesurplus•“钉住”peg•冲击impact•企业business