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ThesituationofChinain2008wasmarkedbychange.ItwasaspecialyearforChinaastheOlympicGames...
The situation of China in 2008 was marked by change. It was a special year for China as the Olympic Games boosted an economy already growing at the rate of 11-12 per cent a year. However, will the slowing down of the American economy have any ………(1) on this? Or is China’s economy sufficiently …….(2) to sustain itself? China is now the world’s fourth …….(3) economy in terms of its gross domestic product. Growth predictions for advanced economies in 2008 are ……(4) revised downwards whereas for Asia …….(5) are rising. The chief international economist at Goldman Sachs, Jim Neill, ……..(6) the so-called BRIC economies of Brazil, Russia, India and China …….(7) continue to shine in a more subdued global economy. For China, avoiding a slowdown in its ……..(8) in the current climate will represent another success.
It is now thirty years ….. (9) Deng Xiao Ping began introducing reforms which opened the country up to rapid growth. China’s impact on the ………(10) economy has developed …….(11) since that time, very much in the way that Japan …….(12) so rapidly after the Second World War, the UK in the 19th century and the US in the early 20th century. What differs is the pace of …….(13). China started in 1978 with less ……(14) 3 per cent of the world economy but has grown at 9 to 10 per cent for three decades, three …….(15) faster than the global average. Britain and America only grew at twice the …….(16) of the global economy in .........(17) periods of fast development.
China has been successful in …….(18) investment of about $60 billion annually ……..(19) is ten times more than India attracts. Some commentators say that China needs stronger domestic industries and should not have to …….(20) so heavily on multinational ........(21) for its development. However, some national business champions are beginning to emerge, ....... (22) as Lenovo. Its acquisition of IBM’s personal computer division is a notable example. Then there is the China Investment Corporation which has a ..........(23) of $200 billion to invest abroad.
Of China’s 1.5 billion people, some 400 million have been lifted out of poverty in the last three decades though average per capita ………(24) remains low at $1700. Even now China is hardly in the top 100 countries in the world in terms of gross national income and 600 million people still live a rural life. However, in the rich and middle classes, …….(25) are already 300,000 dollar millionaires and the number is growing by about 50,000 a year. The middle classes account for around 12% of global luxury goods sales, third only to Japan and the US. Before long, China will be the biggest market for consumer goods in the world. 展开
It is now thirty years ….. (9) Deng Xiao Ping began introducing reforms which opened the country up to rapid growth. China’s impact on the ………(10) economy has developed …….(11) since that time, very much in the way that Japan …….(12) so rapidly after the Second World War, the UK in the 19th century and the US in the early 20th century. What differs is the pace of …….(13). China started in 1978 with less ……(14) 3 per cent of the world economy but has grown at 9 to 10 per cent for three decades, three …….(15) faster than the global average. Britain and America only grew at twice the …….(16) of the global economy in .........(17) periods of fast development.
China has been successful in …….(18) investment of about $60 billion annually ……..(19) is ten times more than India attracts. Some commentators say that China needs stronger domestic industries and should not have to …….(20) so heavily on multinational ........(21) for its development. However, some national business champions are beginning to emerge, ....... (22) as Lenovo. Its acquisition of IBM’s personal computer division is a notable example. Then there is the China Investment Corporation which has a ..........(23) of $200 billion to invest abroad.
Of China’s 1.5 billion people, some 400 million have been lifted out of poverty in the last three decades though average per capita ………(24) remains low at $1700. Even now China is hardly in the top 100 countries in the world in terms of gross national income and 600 million people still live a rural life. However, in the rich and middle classes, …….(25) are already 300,000 dollar millionaires and the number is growing by about 50,000 a year. The middle classes account for around 12% of global luxury goods sales, third only to Japan and the US. Before long, China will be the biggest market for consumer goods in the world. 展开
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