Учебно-методическое пособие по работе с темой "COUNTRY PROFILE". Дедова С.А. - 35 стр.

      b) How is the budget surplus going to be spent?                                       KEY TO CHINA'S ECONOMIC SUCCESS
      c) Why is the 1998 budget called an election one?
                                                                                     Key to China's current economic success is the country's gradual
      d) What is the economic forecast for exports and investment?
                                                                             lowering of barriers to entry. Overseas Chinese, especially the Hong Kong
      e) What does the inflation outlook say?                                Chinese, have been the first to take advantage of this. There is a natural
      f) What is meant by a favourable trade performance?                    synergy between China, Hong Kong, Macau, and Taiwan. The combination
      g) What does the author expect in terms of Sweden economic devel-      of Hong Kong and southern China offers enormous global competitive ad-
         opment?                                                             vantage in terms of quality, price, volume, and delivery. It is estimated that
3) Comment on the title.                                                     Hong Kong entrepreneurs alone have opened as many as forty thousand
4) Find the synonyms to the underlined word combinations in the article.     factories in southern China. The border village of Shenzhen has emerged as
Continue the list of words with the meaning of ‘rise’ and ‘decrease’.        a thriving city of two million with China's highest per capita income.
                                                                                     Not to be outdone, Shanghai has launched itself on a massive revi-
9. Read the text «China in the World» and compare economic situation         talization effort aimed at reclaiming the role it had before the Second
   and growth in your country with that in China. Among other aspects        World War – that of Asia's leading business center
   compare the state of and the prospects for your nation’s economy and              China is rushing at a phenomenal rate, not merely in growth terms,
   that of China along the following lines:                                  but conceptually as well. «China is leapfrogging into both the industrial
      o The program of economic reforms;                                     and information ages», explained Mei-Wei Cheng, president of AT&T
      o GNP growth rate; current rate of economic development;               China, which signed a wide-ranging memorandum of understanding with
      o Purchasing power of the nation and its currency’s purchasing         the Chinese authorities on telecommunications development.
        power;                                                                       «China is telescoping the development of its economic infrastructure
      o Competitiveness of national products;                                and telecommunications / information highways into a single process. This
      o Per capita income;                                                   has profound implications for the country's current rate of economic devel-
                                                                             opment and will shape China's potential for economic expansion into the
      o Telecommunications and information development.
                                                                             next century».
                        CHINA IN THE WORLD
                                                                             10. Look through an overview of Russia’s economy. Translate the words
       The most significant economic development of the last quarter of         printed in bold type. Prepare a short presentation of the current situa-
the 20th century is the opening of China.                                       tion in any sector of Russia’s economy.
       Effectively walled out of western economic consciousness for al-               A decade after the implosion of the Soviet Union in 1991, Russia is
most 40 years, the return of China is rapidly being recognized as the most   still struggling to establish a modern market economy and achieve strong
crucial defining factor of future world economic growth.                     economic growth. In contrast to its trading partners in Central Europe –
       Since 1979 when China launched its program of economic reform,        which were able to overcome the initial production declines that accom-
its GNP has more than doubled. Exports have boomed as China grabbed          panied the launch of market reforms within three to five years – Russia
world market share from Asia's more developed economics. For example,        saw its economy contract for five years, as the executive and legislature
China now commands 25 % of the world footwear market, compared to            dithered over the implementation of many of the basic foundations of a
10 % in 1980; and 10 % of the audiovisual equipment market, compared to      market economy. Russia achieved a slight recovery in 1997, but the gov-
virtually none in the early '80s.                                            ernment's stubborn budget deficits and the country's poor business cli-
       In 1993 China's real growth rate was around 13,4 %. By comparison,    mate made it vulnerable when the global financial crisis swept through in
U.S. growth did not to exceed 3,0 %. The World Bank already calls China      1998. The crisis culminated in the August depreciation of the ruble, a
the world's third largest economy in terms of purchasing power.              debt default by the government, and a sharp deterioration in living stan-

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