Part Ⅰ Exercise ＆ Supplementary Reading 3
Lesson 1 3
Article for Exercise： 3
China Leaps towards Top Ten Traders 3
Supplementary Reading： 8
1)China's Import Growth Rate ExceedsExport Growth in 1998 8
2)‘Greater China’on the March 14
1)China Tries Guiding ForeignInvestment 16
Article for Exercise： 16
Lesson 2 16
2)Era of the Multinationals 20
Supplementary Reading： 25
1)China's Foreign Investors StakeClaim to the Interior 25
2)FDI Flood Meets Barriers 28
3)Investors Must Be Prepared forthe Long Haul 36
4)Globalization's Depredations Are Realand Brutal 47
The Outlook 51
Lesson 3 51
Article for Exercise： 51
Supplementary Reading： 57
1)Market Plays Important Role 57
2)More Foreign Firms Do Well in China—butIt's Tough 61
3)Bullish Firms Clamor forChina Market 65
Lesson 4 68
Article for Exercise： 68
For World Economy，the Worst of Recessionhas Passed 68
Lesson 5 74
Article for Exercise： 74
U.S.as Self-appointed Global Hall Monitor 74
Supplementary Reading： 79
1)Clinton Reaffirms Asia-Pacific Role 79
2)Why I'm Going to Beijing 80
3)Uneasy Together 84
4)Clinton Outlines'97 Trade Policy 93
a.EU Unites to Retaliate againstHelms-Burton 95
5)A Series on International Response to the US Helms-Burton Act 95
b.U.S.Seeks to Calm Angry EU 97
c.Ibero-American Summit Slams U.S.Law on Cuba 100
d.Clinton Delays Enforcing Anti-Cuba Business Law 102
Lesson 6 106
Article for Exercise： 106
East Europeans Fear Protectionism 106
Supplementary Reading： 114
1)After 40 Years，EU Arrives at Crossroads 114
2)EU's Internal Market Producing Jobs 118
3)Europe Rising 119
4)Obstacles Slow Europe's Drive to Unity 124
5)Common Currency May Yet Divide Europe 128
6)Why Non-Europeans Should Careabout EMU 131
7)The Other Foot，despite Warmer Ties，the EU Targets Asian Exports 135
Lesson 7 140
Article for Exercise： 140
Surplus Is a‘Time Bomb’，EC Warns Japan 140
1)Taming the Chaebols 144
Lesson 8 144
Article for Exercise： 144
2)Asia，You Cost Too Much 147
Supplementary Reading： 154
1)The Next Step 154
2)What Asia—and theWorld—Must Do 162
3)Less Cash Flow Currency Controls Gain a Hearing as Crisis in Asia Takes Its Toll 166
4)Water，Water Everywhere But Less to Drink in Asia 176
5)Asia Chokes on Growing Pollution 180
1)Smooth Ride on the Road to Success 185
Lesson 9 185
Article for Exercise： 185
2)Economy：the Numbers Add Upto Prosperity 191
Supplementary Reading： 194
Why Africa Can Thrive like Asia 194
Lesson 10 204
Article for Exercise： 204
Greater Wealth of Nations 204
1)Fifty Years On 208
Supplementary Reading： 208
2)Success Brings New Challenges 220
3)All Free Traders Now？ 225
Lesson 11 239
Article for Exercise： 239
Let's Make a Trade 239
Lesson 12 243
Article for Exercise： 243
Syrup-maker's Bold Strategy 243
1)Pepsi and Coke Go to War Again 249
Supplementary Reading： 249
2)How the U.S.Helped Big Tobacco CrackAsia's Market 256
Lesson 13 270
Article for Exercise： 270
A Healthy Appetite for World Market 270
Lesson 14 280
Article for Exercise： 280
Review of Markets—Corn Futures 280
Commodities Market，despite Gains，WillBe Remembered for Its Losses 284
Supplementary Reading： 284
Lesson 15 297
Article for Exercise： 297
1)Grains，Soybeans Suffer Setbacks 297
2)Oil Companies Act to Save Refining Margins 298
Lesson 16 300
Supplementary Reading： 300
1)When Cool Goes Cold 300
2)The Power Brands 306
3)China Targets World Markets 310
4)Setting a Coursefor the New Global Landscape 317
Lesson 17 329
Supplementary Reading： 329
1)Car Producers Racefor GlobalPresence？ 329
2)Glut of Metal 335
3)Electric Vehicles：They're Practical Now 338
4)Automobile Industry Moves Ahead—over a Bumpy Road 341
1)From Silk to Synthetics，a Question of Quotas 345
Supplementary Reading： 345
Lesson 18 345
2)Trade Quotas Builds New Chinese Wall 351
Lesson 19 357
Supplementary Reading： 357
1)What Bill Gates Really Wants 357
2)Making a Difference Is the Dream，Not Getting Rich 382
3)Mr.Intel Goes to China 386
4)A Legend in the Making 393
5)Foreign Telecom Companies Rush to Help Spend$40 Billion 396
Lesson 20 400
Supplementary Reading： 400
1)For Oil Industry，That Next‘Elephant’Proves Elusive 400
2)China in Petroleum Politics 406
3)The New Economics of Oil 409
Part Ⅱ Brief Answers or Clues to Questions on Content and Language Points ＆ Key to Exercises 421
Lesson 1 421
Lesson 2 423
Lesson 3 428
Appendix to lesson 1—3 432
Lesson 4 434
Lesson 5 439
Lesson 6 441
Lesson 7 444
Appendix to lesson 7 446
Lesson 8 448
Lesson 9 451
Lesson 10 456
Lesson 11 459
Lesson 12 461
Lesson 13 463
Lesson 14 465
Lesson 15 468
Lesson 16 471
Lesson 17 472
Lesson 18 473
Lesson 19 474
Lesson 20 475