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Passage 2 Zhangjiagang is a commercial hub of Jiangsu, the fastest-growing province in China. China has the most dynamic economy in the world today. Its boom radiates from Guangdong, its richest province, but it has spread as far west as Xingjiang, where foreign investors are searching for oil other natural resources. It is creeping inland, from Jiangsu to the cities of Congqing Wu-han, where businessmen from Hong Kong Taiwan are starting to spend billions of dollars to build factories. it has penetrated the northeast, where the city of Shengyan, long a moribund center of state industry, is bustling with new private business, from trading companies to prostitution. Back in Beijing, officials at China’s state council, or cabinet, are giddy with excite-ment-exhaustion. “We don’t have people, we don’t have time,” says one. “Things are moving too fast.”After a slowdown through 1990, China’s economy bounced back mightily, reaching a recent peak of 13 per cent growth last year. Now, some Western experts are predicting that China could become the world’s dominant economy early in the 21st century.39.What do the phrases “dynamic economy” “the world’s dominant economy” mean?40.What is the meaning of “We don’t have people” in the underlined sentence?41.What are some Western experts predicting?
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Aggregate statistics for 1991 were influenced by the sharp decline in output in Central Eastern Europe, as well as by the adverse effects of the Gulf crisis on several economies in the Middle East. A.accumulated B.total C.given D.calculated
Passage 2 It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan a more unified European Community. Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years. With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades. President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year next. Mr. Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care other ‘entitlement’ programs.Statements: 47.The conventional wisdom about the US economy assumed that the recovery would remain abnormally weak.( ) 48.The US economy recovery becomes more attractive for internationally mobile capital because the US recovery is abnormally strong.( )49.Both assumptions are now looking right.( )50.Mr. Clinton will make effort to slash the familiar budget deficit.( )51. The budget deficit of US is expected to be worse in the next ten years.( )
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