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deinflationary policies
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反通胀政策
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经济衰退
China is reaping the rewards of reforms first launched by Deng Xiaoping in 1979.
If there is a road to China’s future, Highway 204 out of Shanghai is it.
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?
In statistics, amounta are often expressed in constant US dollars. The sentence means that
Few state owned firms have been sold,most are laggard behemoths.
A year ago. AT&T looked as if it might soon be sleeping with the fishes. Its long- time boss, Bob Allen, had been replaced in November 1997 by Michael Armstrong from Hughes Electronics, who was a relative novice in the telecoms business. The firm's long-distance operation was being whittled away by newcomers such as WorldCom.Its international alliances were floundering. it had wasted $ 4 billion trying to persuade its uppity offspring, the Baby Bells, to let it into their lucrative $ 100 billion local markets. People whispered that the only good bit of AT&T had been its equipment business. Yet in the past six months Mr. Armstrong has silenced most of his critics. Some of his moves - for instance slimming AT&T's workforce by another 18,000 people piling money into Internet research - were only to the expected. But AT&T has also begun to throw its weight around: It has terrified the Baby bells, first by buying TeleCommunications Inc, America's biggest cable -TV firm, for $ 48 billion and, this week, by forming a joint - venture with Time Warner, the second -biggest cable group, to deliver local telephone services. AT&T now has a potential line into 50 million American houses (more than 40% of the total), it talking with other big cable operators about extending its reach.Statements: 1.When Machael Armstrong replaced Bob Allen in November 1997, he was considered as an expert in the telecoms business.( ) 2.Though AT&T's long - distance operation was being reduced, its international alliances were doing extremely well.( ) 3.Mr.Armstrong was expected to make more employees redundant soon after he became the new boss of AT&T.( ) 4.Undr Machale Armstrong,AT&T threw its weight around by buying TeleCommunications Inc, by forming a joint - venture with Time Warner.( )5.Mr. Armstrong was quite irresolute in dealing with his critics.( )
The administration will begin retaliating in six weeks if EC policies remain unchanged.
government pr ocur ement
The single market is central to the community’s progress,but it is by no means certain that it could stalone.
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