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new words,Rebound :verb 回升,反弹 Dramatically:adv. 巨大地,令人吃惊地 Partially:adv. 部分地 Facility:noun. 设施,设备 Infrastructure:n. 基础设施 Bleak:adj. 无望的 Deficit:n. 赤字,亏损,Background,California is the third state in America after Alaska and Texas, It is also the State that have maximum population in the country. Located in the west of America. it is the centre of American science and culture. The capital city is Sacramento, (Los Angeles, San Francisco, Hollywood. etc) According to the condition of economic development, California is the most developed state, its GDP covers about 14% of all America, the urban population covers 91.3% . The economic scale larger than any other countries except for America , Japan , Germany ,Britain , France , and China. The economic recession hit California hard in 2008 and 2009, and parts of its economy remain dismal. The states unemployment rate, at almost 12 percent, is nearly three points higher than the national average, and Californias real estate market is one of the nations worst. But there are areas of improvement in the nations most populous state.,Californias economy Californias economy is still huge, even though recession has slowed growth. If California were a country, it would have the worlds eighth largest economy, with farming, high technology, manufacturing, entertainment and tourism. International trade is rebounding. It increased dramatically last year. Economist Nancy Sidhu of the Los Angeles County Economic Development Corporation says the states high tech sector is also doing well. “That success is due in part to new Internet applications, new applications for mobile phones, and of course, social media,“ noted Sidhu. “And those companies, Apple and Google, and you name them - all of the others that follow. Theyre hiring. Theyre looking for the best and the brightest.“ Retail sales have partially made up the losses of the recession, and some consumers are buying again. But wholesale merchant Liang Liang is caught between high costs and low demand. He says his imported home decorations and tourist souvenirs are not yet selling well, and his cost for cotton T-shirts has risen 25 percent since January. “Yes, still very bad, I think. For me, its still very bad,“ said Liang. Temporary workers are finding jobs and those who provide professional services, including lawyers and accountants, are doing better. Film production is up, and some in the movie industry are getting work now.,She says farm products - whether fruit from the West Coast or corn from Nebraska - sometimes travel a round-about route because of infrastructure failings. “That has to move from the field on a truck to a train depot, where it then moves to the ports, and in some cases, its traveling from 500 to 1,000 miles south because before theyre able to move it north because we dont have the inter-modal connectivity in transportation infrastructure that we need in the United States to remain globally competitive,“ Trimbath explained Analysts say Californias biggest problem is its bleak real estate market, which is dragging down the economy and has led to lower tax revenues, hurting local governments and schools. Some investors in Silicon Valley are doing well, however, and more than $6 billion in unexpected tax income will help address the states huge budget deficit. California still needs nearly $10 billion to close its budget shortfall, and many teachers and government workers are facing layoffs. Business analysts say that
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