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ID:38846421
大小:237.50 KB
页数:22页
时间:2019-06-20
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1、Unit1WhyChinaWorksExercises1.Answerthequestionsonthetext:1)HowdoestheauthorviewtheChineseeconomy?Itisthemostimportantbrightspotintheworldeconomyundertheglobalrecession,theonlymajoreconomythatislikelytoshowsignificantgrowththisyear,andtheonlyonethatroutinelybreakseveryruleinthe
2、economictextbook.2)Accordingtotheauthor,whycantheChineseeconomyperformsowell?Becauseof:(1)thecapacityforstatecontrolbytheChinesegovernment.(2)itsrejectionofexoticfinancialinnovationsthatarethemeltingcoreoftheglobalcreditcrisis.(3)theintegrationofitseconomicpoliciesbetweentradi
3、tionalmarkettoolsandstatecontrolmeasures.3)Inwhatwaydoestheauthorimplythatwesterneconomistsareerroneousintheirbiastoward“China’smarketeconomicsystem”?TheUnitedStatesandEuropearemovingtowardstatecontrolbynationalizingtheirbankingandcarindustries,andimposingheavynewregulationont
4、hefinancialindustry.4)WhatistheviewofStephenRoachontheChineseeconomysystem?InvestmentisthebackboneofsustainablegrowthintheChineseeconomy,whichworksmoreeffectivelythanothermarketbasedsystemsintimesofeconomicstress.5)WhycanChinaworkintheeyeoftheauthor?Ithasfollowedaradicalpragma
5、tismfocusingonaslowbutsteadyshifttowardfreermarkets.6)WhatisregardedasthestrategicthinkingoftheChineseleadersinmarketreforms?TheyunderstandevenundertheseriousfinancialcrisisthatitcanstabilizetheChinesemarketandeconomytointroducemoresophisticatedformsofsecuritization,includings
6、tockindexfunds,corporatebondsandotherdebtproducts.Theyalsorealizethat,inthecourseofdoingthis,theyshouldlearnfromthemistakesthewesternershavemade.7)WhatistheexamplegiventoillustratethesteadinessoftheChineseleadersintheirpolicyexecution?Theycontinuetoallowthevalueofyuantorisedes
7、piteoftheAmericanchargesandtheneedforexportcompetitivenessbytheirownenterprises.8)Whatis“shocktherapy”?ItistheeconomicpolicyadoptedinRussiafrom1991to1992thattotallyderegulatedpricesandleadtoarunawayinflation.Itprovedtobeallshockandnotherapy.9)InwhatwaysdoestheChineseeconomicsy
8、stemworkefficiently?Itcangetthingsdonequickly,moveinacoherent
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