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(2009-02-11 09:24:26)Brief IntroductionBasic Expressions1. Weve come to know your name and address from the Commercial Counselors Office of theChinese Embassy in London.2. By the courtesy of Mr. Black, we are given to understand the name and address of your firm.3. We are willing to enter into business relations with your firm.4. Your firm has been introduced (recommended, passed on) to us by Maple Company.5. Our mutual understanding and cooperation will certainly result in important business.6. We express our desire to establish business relations with your firm.7. We shall be glad to enter into business relations with you.8. We now avail ourselves of this opportunity to write to you with a view to entering intobusiness relations with you.9. We are now writing you for the purpose of establishing business relations with you.10. Your desire to establish business relations coincides with ours.(0)2009-03-18 09:30-A()ad agent ad craft ad referendum contract ad solicitor ad valorem duty advice for collection advice note () advice of arrival advice of authority to pay advice of bill accepted advice of bill collected advice of bill paid advice of drawing advice of settlement advice sheet advising funds advid advisory board advisory service aero ()affidavit of means affidavit of service affiliated company ;affiliated interests affiliation ;affinity (group) card affirmation of contract aforementioned ;after cost after delivery after (-sales) service after sight bill after-care service after-market after-sales warranty after-tax income against all risks agency ;agency agreement agency bills agency commission agency contract agency endorsement agency funds agency receipt agency recruitment agency-client relationship agent service agents lien aggregate balance sheet aggregate liability aggregate losses aggregated rebates aggrieved party agio agiotage ;agreed par value agreed rate agreed returns agreement of reimbursement agreement on buying option aggressive police-style interview technique aggressive reporting agribusiness agricultural science of park agro-industrial complex agro-industry aid account air-borne trade air-conditioned container air freight operator airline airline business airlines ()air miles air-miles awards air quality and emission standards air time air (transportation) waybill airways alcometer all-expenses-paid trip all-risk policy ;all rights reserved all risks insurance all round price all sorts of goods in stock all squared all told allocated quota allocation ;allocation of risks allocation of shares allotment allotment money alternative aluminium can amalgamate amassing knowledge amend amendment amenities ;American Express American plan ;amicable allowance amortization ;amount brought forward amount ceded amount cover charge amount differ amount in figures amount in force amount in words amount insured amount of the credit ;amount of instrument amount of overpaid amount of undercharged amount under-collected amusement shares analysis analyst ()angel angel investor annex ;announcement of tender annoyance annual general meeting annual growth rate annual income annual premium annual production annual profit ;annual report annual return ;()annual statement annualization annuities answering machine answerphone ;antecedent money antedate anticipated acceptance anticipated buying anticipatory L/C anticipatory pricing anti-dumping duties anti-dumping law anti-fraud technique anti-subsidy duty anti-takeover tactics antitrust any other business a/o(account of) AOB(any other business) A/P(authority to purchase) a. p.(Additional Premium) a/p(account paid) aperitif apparent rate appeal appendix applicant ;applicant for a discount applicant for the credit application for insurance application money application form appreciate (v) appreciation(n) apprentice apprenticeship ;approach ;()approach to dialogue approximate approximation aptitude ;arrears arrival notice articles ();area manager A share AAsian crises of the late 1990s 90ASAP(as soon as possible) as is ,asking price ;asleep at the switch ;as of as per ;aspirational group ;as seen ,assembly assembly line assembly plant assembly point ;assessment ();assetassign assignment ()assistant ;assistant personnel officer associate ;association ;assume at short notice attach attendance attest attitude research ,attorney ;attribute ;attrition ;audio-typist authentic authorize asset auction auctioneer ;audit auditor authentic text authorize ;authorized dealer ;authorized share capital auto hire company auto insurance autobiography automatic feed ; automatic redialling (,)automatic right automatic teller machine automotive autonomous company availability available average life average propensity to consume(APC)average propensity to import average propensity to save(APS)average rate ;average total cost(ATC)average variable costs(AVC)aviation aviation insurance aviation liability insurance aviation personal accident insurance avoid ;avoid creditors avoid obsolescence avoidance ;avoidance clause avoidance of contract avoidance of tax avoidance without declaration await ,await of bid award awards dinner award-winning ,awareness ,away from the market ;awkward ;axe ;(0)2009-03-18 09:28?In October 2001, George W. Bush stepped out of his limousine in Shanghais Pudong district forthe first time in 26 years and uttered a single word: Wow.The US president was reacting to the hyperactive growth on what had been a collection of emptyfields when his father, George H.W. Bush, was US ambassador to China. In those 2 1/2 decades,several mini-Manhattans worth of gleaming skyscrapers had gone up.The Chinese media breathlessly reported how impressed Bush was by Shanghais feats. Bush saidhow very impressed he was with a city he described as an amazing sight at night.Were Bush to visit Chinas financial district today, he probably wouldnt recognize it all over again.We have all heard of dog years, or the theory that for every year a human ages, dogs age byseven. Well, welcome to the age of China years.Thats the subject of a new report by Stephen Green, senior economist at Standard CharteredBank Plc in Shanghai. His basic premise: Everyone lives through change, but not change at thespeed Chinese are at the moment.Imagine, Green writes, the unbelievable salaries your twenty-something kids suddenly haveand the dizzying pace at which they shift jobs, the skyscrapers sitting on the bull-dozedtenements in which you grew up, the extraordinary travel that some of your neighbors now do,and the pain that others face as they get ill and find the local hospital wants unimaginableamounts of cash on deposit before it even looks at them. Imagine, suddenly, all those strangeforeign folks on the streets, themselves also looking slightly bewildered.China, 2007Yes, welcome to the China of 2007, a place that seems to reinvent itself - at least superficially -annually.Green is perhaps the first economist to attempt to calculate China years, which he admits is onlysemi- serious. Of course, our China years are only meant as a bit of fun, but we hope they helpput a number to the sense of dizziness you may be experiencing after having moved to China, hesays.According to Greens calculations, one American year is equivalent to one quarter of a Chineseyear, or 2.8 months. One British year equals 3.1 Chinese months. In other words, an American ora Brit will experience as much change in China in the space of three months as he or she would athome. Life in China is roughly four times faster.China YearsSuch speed of change is more routine for Asians. One Singaporean year, for example, is about sixmonths in China years, while one Korean year equals about eight Chinese months. A year for folksin Botswana also is equivalent to eight months in China.While hardly a perfect measure, the concept of China years offers a lens through which to viewChinas fast- changing economy. From policy makers in Beijing to investors in New York,discerning turns, problems and opportunities in a financial system moving this fast is easier saidthan done.The Federal Reserve is having a hard enough time gauging how turmoil in credit markets willaffect the US economy. Chinese officials lack the high-quality data available in Washington evenas their economy changes exponentially under their feet.China years work in the other direction, too. Take Malawi, which Green calculates has only grown0.001 percent a year on average since 1980. Malawi is used to as much economic growth in ayear as takes place in China every seven hours. Nigerians have seen things change as much intheir economy over the last three decades as China has in the last 12 months.Skyscraper BoomUsing data on per-capita gross domestic product in local currency and in constant prices, Greencalculated the average growth rates of about 60 countries. Next Green compared those GDP rateswith Chinas and calculated how their experiences compared.One problem with his measure is that lots of changes in economies arent reflected in GDP data.Also, regional differences within economies are hard to account for. Shanghai residents haveprobably witnessed more change in recent years than farmers in northwest China.Even so, Green gets the point across. Cranes are working day and night to finish the latestadditions to the skylines of Beijing, Dalian, Guangzhou, Shanghai, Shenzhen and other cities. Nextyear, Mori Building Co. will open Chinas tallest building in Shanghai. An estimated 3 millionsquare meters (32.3 million square feet) of space will come onto the market by the end of 2010,doubling Shanghais office supply.Many of those buildings are hypermodern monstrosities. If Harrison Ford were to star in a sequelto 1982s Blade Runner, the films producers wouldnt need to use computer-generated imagesto create a futuristic backdrop. They could film in any number of Chinese cities.Most of us can only imagine how it feels to experience that kind of day-in-day-out change on theground in Shanghai. China years offer an intriguing proxy for doing just that.(Bloomberg)Vocabulary:limousinehyperactivebull-dozed tenementbewilderreinventFederal Reservegaugecrane(0)2009-03-18 09:26Accounting Assistant Accounting Clerk Accounting Manager Accounting Stall Accounting Supervisor Administration Manager Administration Staff Administrative Assistant Administrative Clerk Advertising Staff Airlines Sales Representative Airlines Staff Application Engineer Assistant Manager Bond Analyst Bond Trader Business Controller Business Manager Buyer Cashier Chemical Engineer Civil Engineer Clerk/Receptionist Clerk Typist & Secretary Computer Data Input Operator Computer Engineer Computer Processing Operator Computer System Manager Copywriter Deputy General Manager Economic Research Assistant Electrical Engineer Engineering Technician English Instructor/Teacher Export Sales Manager Export Sales Staff Financial Controller Financial Reporter F.X. (Foreign Exchange) Clerk F.X. Settlement Clerk Fund Manager General Auditor General Manager/President General Manager Assistant General Managers Secretary Hardware Engineer Import Liaison Staff Import Manager Insurance Actuary International Sales Staff Interpreter Legal Ad
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