大学四级听力.doc

07级外语系本科一班管鹏雎听力作业一Unit 2 Part Renting a carWhen borrowing a car,you should pay attention to some important points.First ,you are supposed to know what sort of car you take an interest in,considering your family and your plan for out.Second,you ought to take notice of all kinds of charges,for example,the regular rate,the special weekend rate and insurance.Finally,you must know when would you have to pick up the car and when would you have to return the car.If all these three facters are contemplated,then,I think you can enjoy your travel with a rented car.听力作业二Financial CrisisHere we are yet again in the midst of another global economic crisis. From the hilltops of Davos, Switzerland, Morgan Stanleys permabear Stephen Roach has shouted warnings of potential economic Armageddon. Superinvestor George Soros designated the current state of the global economy the worst market crisis in 60 years. Bill Clinton labeled it the biggest financial crisis since the Great Depression even as global stocks responded by slumping 7.7% in January the worst start to an investing year since Morgan Stanley began publishing data in the 1970s.Even earlier, domestic and international experts have forecasted a pessimistic outlook of the world economy, but the situation is extremely worse then their expectations. The Financial Crisis caused from U.S has been sweeping over all parts of the world. On the brink of bankruptcy-Iceland, the European 15 nations sharing the euro, the worlds 2nd economy-Japan, the economy pioneer-H.KAll these countries and regions have been technically defined as in a alarmingly deteriorating situation, because their real economy have been on a nagtive growth on the 2nd straight quarter. It is a mortal strike on Chinese export-oriented industries and companies, the slumping demands, the soaring cost of raw materials, the anxieties of the terrified situation, all these factores have directly hit them. In the Pearl River Delta, a extremely scare now is spreading through the crowd like an epidemic, in the second half of this year, it has seen thousands of company meltdown. The Guangzhou railway station are now seeing the peak transport earilr before the Spring Festival because of millions of jobless migrant workers. All feel panic that the Chinese economy has been slid into a unprecedented recession. The lesson we have learned from the 1998s Asia Finacial Crisis would come in handy this time.Explanations of the root cause of the current financial tsunami vary greatly, but few disagree on the need for China to further deepen financial reforms to sustain its long-term growth . Among all the financial crises, this may be the one that affects China most, Tang Shuangning, chairman of China Everbright Bank, told a financial forum in Beijing Tuesday. With the worlds largest foreign exchange reserve worth more than 1.8 trillion U.S. dollars, China is relatively well positioned to weather the financial crisis. But the impact it may exert upon the Chinese economy remains huge. According to Tang, such negative consequences may include a crashing stock market, loss of overseas investment, declining exports, economic slowdown, rising unemployment and a collapse of market confidence. The soundness of the Chinese economy and limited participation in the international financial market have so far saved the country from bearing the brunt of the financial crisis. But we cannot take it lightly, warned Tang. The one-year-old crisis has already resulted in astronomical losses for many established financial giants around the world. The world was particularly shocked over the past few days when Lehman Brothers went bust, Merrill Lynch gave up, Goldman Sachs and Morgan Stanley became regulated banks, and AIG was practically nationalized. By constantly improving the financial system as well as strengthening the effective regulation of the financial market, the Chinese government has put great efforts and resources into creating an increasingly competitive domestic financial market. Chinas financial reform has surely contributed to its rise as an emerging global financial power. But a question mark hangs over how global financial liberalization, securitization and integration will influence Chinas further financial system reform. Many domestic experts said one of the key lessons to draw from the US subprime crisis was that regulation should be further strengthened. In view of the latest developments in international financial regulation, we should strike a better balance between government regulation and the self-discipline of the financial market, noted Gong Minghua, a researcher from China Banking Regulatory Commission.China owns several of the worlds largest banks,all well capitalised. It has a large reservoir of big companies and up-and-coming ones that will be going public on theHongKong and Shanghai exchanges. It has arapidlygrowing middle class withenormoussavings that will encourage the development of a bigger and more sophisticated financial services sector. Its growth rate is still above 6 per cent (compared with negative rates in the Us and UK) and it will emerge from the financial crisis far stronger that either America or Britain.China lacks the sophistication of Wall Street or the City, but given the mess that complex and opaquesecuritieshave caused, a simpler system has itsvirtues. China will need to free up its currency in global markets, but this has been happening as therenminbihas risen 16 per cent against the dollar in the past year and Beijing has recently allowed several countries to hold therenminbiin the reserves. How could China make a big, dramatic leap? It could begin bystrengtheningthe links betweenHongKong and Shanghai, and transferring financial know-how from the former colony. The two cities are 750 miles apart, not an insurmountable distance in this age of rapid transit andinternetcommunications. The connections are already being made: Beijing has just declared that Shanghai will be a major global financial centre in the next decade and co-operation betweenHongKong and