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Part Ⅰ Exercise ＆ Supplementary Reading 3

Lesson 1 3

Article for Exercise： 3

China Leaps towards Top Ten Traders 3

Supplementary Reading： 8

1)China's Import Growth Rate ExceedsExport Growth in 1998 8

2)‘Greater China’on the March 14

1)China Tries Guiding ForeignInvestment 16

Article for Exercise： 16

Lesson 2 16

2)Era of the Multinationals 20

Supplementary Reading： 25

1)China's Foreign Investors StakeClaim to the Interior 25

2)FDI Flood Meets Barriers 28

3)Investors Must Be Prepared forthe Long Haul 36

4)Globalization's Depredations Are Realand Brutal 47

The Outlook 51

Lesson 3 51

Article for Exercise： 51

Supplementary Reading： 57

1)Market Plays Important Role 57

2)More Foreign Firms Do Well in China—butIt's Tough 61

3)Bullish Firms Clamor forChina Market 65

Lesson 4 68

Article for Exercise： 68

For World Economy，the Worst of Recessionhas Passed 68

Lesson 5 74

Article for Exercise： 74

U.S.as Self-appointed Global Hall Monitor 74

Supplementary Reading： 79

1)Clinton Reaffirms Asia-Pacific Role 79

2)Why I'm Going to Beijing 80

3)Uneasy Together 84

4)Clinton Outlines'97 Trade Policy 93

a.EU Unites to Retaliate againstHelms-Burton 95

5)A Series on International Response to the US Helms-Burton Act 95

b.U.S.Seeks to Calm Angry EU 97

c.Ibero-American Summit Slams U.S.Law on Cuba 100

d.Clinton Delays Enforcing Anti-Cuba Business Law 102

Lesson 6 106

Article for Exercise： 106

East Europeans Fear Protectionism 106

Supplementary Reading： 114

1)After 40 Years，EU Arrives at Crossroads 114

2)EU's Internal Market Producing Jobs 118

3)Europe Rising 119

4)Obstacles Slow Europe's Drive to Unity 124

5)Common Currency May Yet Divide Europe 128

6)Why Non-Europeans Should Careabout EMU 131

7)The Other Foot，despite Warmer Ties，the EU Targets Asian Exports 135

Lesson 7 140

Article for Exercise： 140

Surplus Is a‘Time Bomb’，EC Warns Japan 140

1)Taming the Chaebols 144

Lesson 8 144

Article for Exercise： 144

2)Asia，You Cost Too Much 147

Supplementary Reading： 154

1)The Next Step 154

2)What Asia—and theWorld—Must Do 162

3)Less Cash Flow Currency Controls Gain a Hearing as Crisis in Asia Takes Its Toll 166

4)Water，Water Everywhere But Less to Drink in Asia 176

5)Asia Chokes on Growing Pollution 180

1)Smooth Ride on the Road to Success 185

Lesson 9 185

Article for Exercise： 185

2)Economy：the Numbers Add Upto Prosperity 191

Supplementary Reading： 194

Why Africa Can Thrive like Asia 194

Lesson 10 204

Article for Exercise： 204

Greater Wealth of Nations 204

1)Fifty Years On 208

Supplementary Reading： 208

2)Success Brings New Challenges 220

3)All Free Traders Now？ 225

Lesson 11 239

Article for Exercise： 239

Let's Make a Trade 239

Lesson 12 243

Article for Exercise： 243

Syrup-maker's Bold Strategy 243

1)Pepsi and Coke Go to War Again 249

Supplementary Reading： 249

2)How the U.S.Helped Big Tobacco CrackAsia's Market 256

Lesson 13 270

Article for Exercise： 270

A Healthy Appetite for World Market 270

Lesson 14 280

Article for Exercise： 280

Review of Markets—Corn Futures 280

Commodities Market，despite Gains，WillBe Remembered for Its Losses 284

Supplementary Reading： 284

Lesson 15 297

Article for Exercise： 297

1)Grains，Soybeans Suffer Setbacks 297

2)Oil Companies Act to Save Refining Margins 298

Lesson 16 300

Supplementary Reading： 300

1)When Cool Goes Cold 300

2)The Power Brands 306

3)China Targets World Markets 310

4)Setting a Coursefor the New Global Landscape 317

Lesson 17 329

Supplementary Reading： 329

1)Car Producers Racefor GlobalPresence？ 329

2)Glut of Metal 335

3)Electric Vehicles：They're Practical Now 338

4)Automobile Industry Moves Ahead—over a Bumpy Road 341

1)From Silk to Synthetics，a Question of Quotas 345

Supplementary Reading： 345

Lesson 18 345

2)Trade Quotas Builds New Chinese Wall 351

Lesson 19 357

Supplementary Reading： 357

1)What Bill Gates Really Wants 357

2)Making a Difference Is the Dream，Not Getting Rich 382

3)Mr.Intel Goes to China 386

4)A Legend in the Making 393

5)Foreign Telecom Companies Rush to Help Spend$40 Billion 396

Lesson 20 400

Supplementary Reading： 400

1)For Oil Industry，That Next‘Elephant’Proves Elusive 400

2)China in Petroleum Politics 406

3)The New Economics of Oil 409

Part Ⅱ Brief Answers or Clues to Questions on Content and Language Points ＆ Key to Exercises 421

Lesson 1 421

Lesson 2 423

Lesson 3 428

Appendix to lesson 1—3 432

Lesson 4 434

Lesson 5 439

Lesson 6 441

Lesson 7 444

Appendix to lesson 7 446

Lesson 8 448

Lesson 9 451

Lesson 10 456

Lesson 11 459

Lesson 12 461

Lesson 13 463

Lesson 14 465

Lesson 15 468

Lesson 16 471

Lesson 17 472

Lesson 18 473

Lesson 19 474

Lesson 20 475