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Unit One The Balance of Economic Power 1

Supplementary Reading 12

Nipping at Their Heels 12

China Buys up the World 15

Unit Two Rising China Bests a Shrinking Japan 18

Supplementary Reading 33

China Overtakes Japan as World's No.2 Economy 33

Massive Population Lifts Nation's Growth 36

Unit Three Is China Facing a Japanese Future? 40

Supplementary Reading 51

After the Earthquake:A More Open Japan? 51

China's Eroding Advantage 53

Unit Four An American Crisis of Confidence 56

Supplementary Reading 71

Rich Raise Consumer Spending With Little Help From Middle Class 71

The Credit Crunch Has Shattered America's Neoliberal Dream' 75

Unit Five IMF Annual Report of 2010—Excerpt 79

Supplementary Reading 96

World Bank Annual Report of 2010(Excerpt) 96

The Hidden Risks in Emerging Markets 100

Unit Six Can the Euro Survive? 103

Supplementary Reading 115

Europe Failed to Clear Skepticism on Crisis,IMF Says 115

Business Leaders Cautiously Optimistic for Euro Zone 118

Unit Seven Flying Too High for Safety 121

Supplementary Reading 132

The American Recession and the World's Emerging Economies 132

Why We Must Stop Talking about"Emerging Markets" 134

Unit Eight Antidumping:A Villain in International Trade 138

Supplementary Reading 154

EU Acts over Alleged Chinese Subsidies 154

WTOSides with Boeing over Airbus Subsidies 156

Unit Nine Commodities:Latest Boom，Plentiful Risk 159

Supplementary Reading 179

Investment Strategies for a New Decade 179

China's Commodity Buying Spree 181

Unit Ten When Factories Vanish，So Can Innovators 185

Supplementary Reading 194

Will China's Consumers Save the World Economy? 194

Despite China's Might,U.S. Factories Maintain Edge 197

参考文献 201