2016年商务英语初级强化测试卷(四)

　　1. Answer the questions on the text:

　　1) How does the author view the Chinese economy?

　　It is the most important bright spot in the world economy under the global recession, the only major economy that is likely to show significant growth this year, and the only one that routinely breaks every rule in the economic textbook.

　　2) According to the author, why can the Chinese economy perform so well?

　　Because of:

　　(1) the capacity for state control by the Chinese government.

　　(2) its rejection of exotic financial innovations that are the melting core of the global credit crisis.

　　(3) the integration of its economic policies between traditional market tools and state control measures.

　　3) In what way does the author imply that western economists are erroneous in their bias toward “China’s market economic system”?

　　The United States and Europe are moving toward state control by nationalizing their banking and car industries, and imposing heavy new regulation on the financial industry.

　　4) What is the view of Stephen Roach on the Chinese economy system?

　　Investment is the backbone of sustainable growth in the Chinese economy, which works more effectively than other market based systems in times of economic stress.

　　5) Why can China work in the eye of the author?

　　It has followed a radical pragmatism focusing on a slow but steady shift toward freer markets.

　　6) What is regarded as the strategic thinking of the Chinese leaders in market reforms?

　　They understand even under the serious financial crisis that it can stabilize the Chinese market and economy to introduce more sophisticated forms of securitization, including stock index funds, corporate bonds and other debt products. They also realize that, in the course of doing this, they should learn from the mistakes the westerners have made.

　　7) What is the example given to illustrate the steadiness of the Chinese leaders in their policy execution?

　　They continue to allow the value of yuan to rise despite of the American charges and the need for export competitiveness by their own enterprises.

　　8) What is “shock therapy”?

　　It is the economic policy adopted in Russia from 1991 to 1992 that totally deregulated prices and lead to a runaway inflation. It proved to be all shock and no therapy.

　　9) In what ways does the Chinese economic system work efficiently?

　　It can get things done quickly, move in a coherent manner, and marshal its people and resources to a common target: economic growth and prosperity.

　　11) What are the Internet and public opinion used for?

　　For putting pressure on local officials and influencing policy decisions.