1 to 2 paragraph
3 to 8 paragraph return
9 to 11 paragraph 04/21/15
1 to 2 paragraph Chinese economy is so heavy weight that it draws the world’s attention. He points out the potential deficits of Chinese economy, but he also indicates that it is not a current matter.
listing some concrete examples 3 to 8 paragraph comparison between
China and the Asian tigers 04/21/15
overthrows the view that
Chinese economy is brought about by export
economy’s unfairness to its people
The author gives us some suggestions on Chinese economy. He firstly says that current economic situation is either positive or passive to
9 to 11 paragraph Group 6
Group 6 part 1
“Despite a recent slowdown, the world’s second-biggest<China> economy is more resilient than its critics think.”
“It creates almost as big a stir as a decision by
America's Federal Reserve.”
The Federal Reserve System: is the central banking system of the United
States. It was created on December 23,
1913, with the enactment of the Federal
Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.
“Too much of this investment is undertaken by SOEs, which benefit from implicit subsidies, sheltered markets and politically encouraged loans.”
SOEs: A legal entity that is created by the government in order to partake in commercial activities on the government's behalf. A state-owned enterprise can be either wholly or partially owned by a government and is typically earmarked to participate in commercial activities.
Ghost city: In Inner Mongolia a new city stands largely empty. Ordos( 鄂尔多斯 ) is the biggest ghost town in
China. It has spent five years building numerous buildings for the purpose of being the center of Ordos.
With exquisite facilities, some 1 million people are supposed to live in Kangbashi< 康巴什 > ， but no one does. 04/21/15
China and Asian tigers
China relies very little on foreign borrowing, for its large amount of saving we mentioned above, while Asian tigers rely more on foreign capital. Once the foreign capital flees away, the national economy will collapse.
Also known as required reserve ration, is a bank regulation that sets the minimum reserves each bank must hold to customer deposits and notes. These reserves are designed to satisfy withdrawal demands, and would normally be in the form of fiat currency stored in a bank vault
(vault cash), or with a central bank. Formal Debt
Also known as national debt is the debt owed by a central government. It is one method of financing government operations.
"If ordinary Chinese knew that their health would be looked after in theri old age, they would save