Business Channel 2006-11-01&04
时间：2019-01-26 作者：英语课 分类：商业报道2006年
Lots of countries, lots of businesses are plunging 1 money into China. General Motors has this factory in Shanghai. The Park Hyatt is building this project in Beijing. It's a process repeated thousands of times. And of course, China is also busy selling things overseas. So where does all this lead? Well, China has now built up foreign reserves of one trillion dollars. That's a thousand billion, most of it in US currency, where even a small policy shift could throw global finance into chaos 2.
What everyone worries about is that China begins shifting its reserve accumulation out of dollars and into some other currency, the obvious ones being the Euro and the Yen 3.
That would force up those other currencies and potentially spark a run on the US dollar.
In theory, it could collapse 4.
So let's put all this into perspective, if you take the mighty 5 US Federal Reserve, it currently stands at 66 billion dollars and you put it, say, into this building, it would fit into the ground floor. The Chinese Reserves now would take up the whole building itself. Even if China shifted that money somewhere other than into currencies, for example, building up stockpiles of oil, the jolt 6 to oil prices would affect almost everyone on the planet. China today promised to do nothing rash.
China will continue to act in a responsible manner and play a constructive 7 role in global economic stability.
One Beijing-based economist 8 says the US especially, is paranoid about China's intentions. But why, he said, would China want to disrupt the global economy when it's currently doing so well from it?
Hugh Reminton, CNN, Beijing.
- War broke out again, plunging the people into misery and suffering. 战祸复发，生灵涂炭。 来自《现代汉英综合大词典》
- He is plunging into an abyss of despair. 他陷入了绝望的深渊。 来自《简明英汉词典》
- After the failure of electricity supply the city was in chaos.停电后，城市一片混乱。
- The typhoon left chaos behind it.台风后一片混乱。
- He wanted to convert his dollars into Japanese yen.他想将美元换成日币。
- He has a yen to be alone in a boat.他渴望独自呆在一条船上。
- The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
- The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。
- A mighty force was about to break loose.一股巨大的力量即将迸发而出。
- The mighty iceberg came into view.巨大的冰山出现在眼前。
- We were worried that one tiny jolt could worsen her injuries.我们担心稍微颠簸一下就可能会使她的伤势恶化。
- They were working frantically in the fear that an aftershock would jolt the house again.他们拼命地干着，担心余震可能会使房子再次受到震动。
- We welcome constructive criticism.我们乐意接受有建设性的批评。
- He is beginning to deal with his anger in a constructive way.他开始用建设性的方法处理自己的怒气。