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发布时间:2024-09-08 05:58:25

[单选题]The index is the government's chief gauge of future economic activity.
A.method
B.measure
C.way
D.manner

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[单选题]The index is the government's chief gauge of future economic activity.
A.method
B.measure
C.way
D.manner
[单选题]Romania's government issued a last-minute appeal to him to call off his trip.
A.anoroval
B.plea
C.request
D.order
[单选题]With the U.S. government amassing growing amounts of______every year,it needs the money that foreign investors offer.
A.currency
B.cost
C.payment
D.debt
[不定项选择题]资料:Italy's next government, a coalition between the populistFive Star Movement and the far-right Northern League, is giving investors plenty to worry about. Leaked plans, hastily abandoned, suggested it might want to leave the euro or ask the European Central Bank to forgive €250bn($292bn) of Italian debt. But less attention has been paid to what it might mean for Italian banks, and in particular for their biggest burden: non-performing loans(NPLs). Over €185bn of NPLs were outstanding at the end of 2017, the most for any country in the European Union. (1) By comparison with Greece where NPLs are 45% of loans, Italy looks manageable with just 11.1%. And it has made progress: in late 2015 NPLs were 16.8% of loans. But any wild policy lurches would put that progress in question. The clean-up of banks’ books has relied on openness to foreign investors. Huge volumes of NPLs(€37bn in 2016 and over €47bn in 2017, according to Deloitte, a consultancy) have been sold by banks, often to specialist American hedge funds like Cerberus Capital Management or Fortress. (2) These so-called vulture funds may find life harder under the new government. Given the importance of being able to repossess the collateral for secured loans, NPL investors have been taken aback by a proposal to prevent any action against a debtor without the involvement of a court. This would run counter to efforts to increase the use of out-of-court settlement for collateral across the EU. (3) The future of GACS, a scheme for providing an Italian government guarantee to the senior tranches of NPL securitisations (with the EU's blessing), is also in question. Despite a slow start in 2016, it has come to play a large role. An NPL sale last year by UniCredit, a large bank, worth€l7.7bn, was subject to the scheme. Another €38bn-worh of Italian NPL deals in progress will be too, according to Debtwire, a news service. But investors now worry that GACS will not be renewed once it expires失效 in September, contrary to previous plans. (4) European regulators have made a concerted effort to deal with NPLs. In March the European Commission proposed laws to make cross-border operations easier for debt (5) Markets have deepened in tandem. As well as the specialist funds doing large deals,more options for trading NPLs have emerged. One example is Debitos, a trading platform that started in Germany and that allows investors to trade in NPLs from 11 European countries, including Italy and Greece. Most of its sales are between €50m and €200m and interest often comes from local investors, says Timur Peters, its founder—for example, from individuals who buy property—backed NPLs as a way to acquire those properties. (6) A liquid pan-European market in NPLs ought to prevent banks’ bad loans from accumulating and threatening their stability, as during the most recent crisis. But Italy would, because of its sheer size, be the largest source of such loans for the foreseeable future. And any market with real doubts about the largest supplier is almost certain to be a stunted one. (7) Which of the following goes against the interest of investors of NPLs?
A.The increasing use of out-of-court settlement for collateral across the EU.
B.The GACS which may not be renewed after September.
C.The new trading platform for trading NPLs.
D.The laws that guarantee cross-border operations.
[单选题]The chief manager is a determined man. You never find him in a __________ when he makes a decision.
A.sudden
B.dilemma
C.hurry
D.flash
[单选题]Though the government encourages foreign investment,__________ investors are reluctant tocommit fimds in the current climate situation in the country.
A.potential
B.affluent
C.optimistic
D.solid
[不定项选择题]资料:Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China. One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent. So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living. It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.” It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs. As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, (rather than the state owned behemoths) and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel. What is the main idea of this passage?
A.The world economy relies on China 's economy
B.Chinese consumers have great potential
C.Other countries should learn from China by developing a sharing economy
D.Chinese government is improving people’s lives

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