VOA常速英语听力2012年11月合辑(文本):CHINAS-NEW-LEADERS-FACE-ECONOMIC-CHALLENGES.doc
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- VOA 英语听力 2012 11 月合辑 文本 CHINAS NEW LEADERS FACE ECONOMIC CHALLENGES
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1、高考资源网() 您身边的高考专家William IdeNovember 01, 2012Chinas modern cities are built on a massive scale, with architecture in places such as Beijing that ranges from avant-garde to out of this world. But, just above Beijings busy street corners are signs of the threats Chinas economy is facing.Beijing based-e
2、conomist Patrick Chovanec says I think that the empty buildings that you see cut to the core of how China has been driving growth over the past few years, says . Its been an investment boom and so China has been driving growth by creating capacity, capacity in housing, in infrastructure, in producti
3、on. And, in order for that growth to be real, there has to be an end user and thats the challenge, where does the end user come from.When the global financial crisis hit in 2008, China insulated itself from the slowdown by launching a nearly $590 billion stimulus. But now, as the countrys annual gro
4、wth is expected to slow to below eight percent this year, economists caution that same strategy will not work.That investment boom that has kept the Chinese economy growing in the face of the global economic slowdown, that investment boom is breaking down, it is buckling under its own weight, says C
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