Enjoy Rendering!: Сборник текстов для перевода и реферирования. Батурина С.А. - 26 стр.

       Apart from poisoning politics, all this is bad for public safety.                Part III. ARTICLES FOR TRANSLATING
Peru has real security threats that need watching. Drug exports are ris-
ing, as is kidnapping. Though nothing like the threat they used to be,                            Money in, Money out
small groups of Shining Path guerrillas roam remote areas. The country
need spies – but honest ones.                                                    Beijing

                                                                                   Although China's financial links with the rest of the world are
      1. Vocabulary notes:                                                 expanding, data about them remain scant. That may be why China-
      1) sinister – зловещий, темный                                       watchers place undue emphasis on what is published regularly, namely
      2) spin (spun, spun) – плести, составлять                            the monthly data on China's external trade and foreign direct invest-
      3) intimidation – запугивание, шантаж                                ment (FDI). These have painted a mildly warming picture of late. Ex-
      4) turmoil – беспорядок, смятение                                    ports seem to be picking up at last, while FDI – down by just 10 % this
      5) tap – зд. подслушивать                                            year – has not fallen as much as some had feared. The case for a yuan
      6) controvercy – спор, полемика                                      devaluation, many conclude, is weakening. Yet there are other signs.
      7) lavish – расточительный                                                   Thanks to the obsession with monthly figures, one change in
      8) divert – отвлекать, уводить в сторону                             China's financial flows over the past couple of years has gone little no-
      9) surreptitiously – исподтишка                                      ticed. In 1996 China had a capital-account surplus of $40 billion. By
      10) slash – зд. урезать, сократить                                   last year, that had swung to a deficit of $6,3 billion, with а near-$30
      11) crony – близкий, закадычный друг                                 billion decline taking place in 1998 alone. Although some $45.6 billion
      12) guerrilla – партизан                                             of capital flowed in, $52 billion, officially noted, passed it on the way
      13) roam – скитаться, бродить                                        out.
                                                                                   Some of that was foreign money. Last year, foreign banks pulled
       2. Statements for discussion.                                       in their horns. Having lent $8,7 billion in China in 1997 they withdrew
       1) Vladimiro Montesinos is known to have been a master of the       $8.6 billion last year. Portfolio investment shrank by $3,7 billion.
dark arts.                                                                         After allowing for small sums of money lent or invested by
       2) The appointment of the new intelligence chief Daniel Mora        China abroad, the best part of $35 billion of Chinese money seems to
has been approved unanimously in Peru.                                     have left the country last year. Does this matter? China ran a current-
       3) Donated by America’s Central Intelligence Agency sophisti-       account surplus in 1998 of $29,3 billion, offsetting its capital-account
cated equipment to fight drugs was used perversely.                        deficit by $23 billion. Yet foreign-exchange reserves increased by a
       4) Public safety in Peru is reported to be far from normal state.   paltry $5 billion, to $145 billion. Some $18 billion seems to have dis-
       5) Each country should have spy web to provide security for its     appeared, mostly into a black hole labelled errors and omissions". Has
citizens.                                                                  China got a problem with capital flight?
                                                                                   Economists tend to be more sanguine about China's capital flight
      3. Give a summary of the text.                                       than, say, Russia's. If Chinese companies are worried about devalua-
                                                                           tion, it makes sense for them to stash foreign exchange offshore. They
                                                                           can do this by falsifying import orders or keeping export earnings out
                                                                           of China. The government may not like this – indeed it has cracked
                                                                           down on it – but at least much of the money remains as Chinese com-

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