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1、China'sEconomy中国的经济Chiscconomyheldthelineongrowthin1999,mainlywithgovernmentassistance,astheeconomycontinuestosufferfromtheeffectsofmassive,andaccelerating,restructuring.Thecomingyearcouldseesomeimprovement,thoughtheeconomyislikelytoremainunderstressastherestructuringintensifiesoverthenextthreetofiv
2、eyears.Large-scalejoblossandglutsofconsumcrgoodsarest订1dampeningdemand,butdeflationhasbeguntoflattenout.RecoveryintherestofAsiahelpedkeepexportsstrong,thoughforeigninvestmentdipped(seeTradeandForeignDirectInvestment).China"spreparationstoentertheWorldTradeOrganization(WTO)willacceleratethepaceofthet
3、oughestreformsyetinagriculture,thestate-ownedsector,andbanking,amongothers.EconomicperformancedependsinlargepartonhowwellChinaimplementsthesereformsandonnon~statesectorgrowth.Foreignfirmsarealsolikelytoseethesereformsascrucial,asWTOimplementationisdeeplyentwinedwiththeseissues.Notesholdtheline坚持下去，保
4、持不变assistancen.协助，援助suffer(from)vi.受损失，受害massive&大规模的，大量的restructurevt.更改结构，调整，改组stressn.重压，压力，重点large-scalejobloss大规模失业glutsofconsumergoods消费品供应过剩glutn.供应过剩；充斥dampenvt.抑制，压抑demandn.需求(量)，需要deflationn•通货紧缩，物价低廉flatten(out)vi.变平,变单调recoveryn.恢复，复苏foreigninvestment外国投资dipvi・轻微下降(通常是暂时的)toughestreform最
5、艰难的改革toughadj.强硕的，艰苦的，坚强的state-ownedsector国冇部门（行业）performancen.成就，表现implementvt.贯彻，实现，执行non-statesector非国有部门（行业）crucialadj•至关紧要的entwined（with）vi.缠绕，纠缠在一起issuen.论点，问题OVERALLECONOMICPERFORMANCEIN19991999年度经济成就GDPChina'sGDPgrewslightlymorethan7percentin1999,thanksonlytothegovernment'songoingstimuluspro
6、gram.WithotherAsiancountriesrecovering，China，sprobableWTOaccessionthisyear,andanewdrivetoboosttheprivatcsector,however,boththeChinesegovernmentandoutsideanalystspredictslightlystrongergrowth-around7.5percent-in2000.InvestmentInvestmentinfixedassetsrose7.8percentin1999,andisexpectedtoincreasebyanothe
7、r7.8percentin2000.Muchoftheinvestmentcamefromthegovernment'sstimulusplan.PricesConsumerandretailpricesfellthroughout1999.Ovcrcapacityinmanyindustrieswaschieflyresponsibleforthe27-monthdeflation,butsla
