致用英语听力教程1听力原文 年3月高口听力Spot Dictation原文

年3月高口听力Spot Dictation原文  

2011年3月上海高级口译考试听力原文（Section 1 - SD）
SECTION 1: LISTENING TEST (30 minutes)
Part A: Spot Dictation
Directions：In this part of the test
you will hear a passage and read the same passage with blanks in it. Fill in each of the blank with the word or words you have heard on the tape. Write your answer in the corresponding space in your ANSWER BOOKLET. Remember you will hear the passage ONLY ONCE.
Renowned US economist John Rutledge who helped frame the fiscal policies of o formal US presidents warned that an abrupt rise in China’s currency could lead to another Asian financial crisis. The founder of Rutledge Capital told the media that if the Yuan rises too fast and too high
it would discourage foreign direct investment in China
while encouraging currency manipulation by markets speculators. Currency change is more difficult for investors
and more exciting for speculators. The Chinese currency has appreciated by more than 5% since July 2005
when the country allow the Yuan to float against the US dollar
with a daily band of 0.3%. The analysts are expecting the currency to rise another 4% by the end of this year. But if the Yuan rose 20% to 30%
as some US politicians are demanding
it would jeopardize the Chinese economy
causing a recession and deflation. Similar advise to allow an abrupt appreciation of a currency led to the Asian financial crises in 1997
and came very close to destroying the Japanese economy. The US economist says that investors want foremost to avoid risks associated with large fluctuations in currency and inflation. They calculate returns on their investment after evaluating risks to benefits such as lower labour cost. A rising Yuan would drive up labour costs for forming investors and would not result in higher wages for workers. Earlier reports said the currency speculators had pumped 200 billion US dollars into China
by the end of last year
with another 17 billion US dollars flowing into the economy in the first 3 months of this year. There is no way to accurately track the flow of this types of investment
and many economists disagree that the amount of speculative cash is so high
instead of further appreciating its currency. China should make the Yuan convertible to the US dollar. If the Yuan were more easily converted into foreign currencies
it would allow Chinese panies to expand overseas
facilitate the purchase of foreign technology and provide management experience
and capital that China needs. It would also shrink for extra reserves and reduce speculative money ing into the country.
解析：经济类文章，探讨了最近人民币升值以及背后的一些隐患问题；除了涉及到一些经济类的专用词汇，整体难度不大；
currency n. 货币，通货；
manipulation n. 操作，控制；
speculator n. 投机商；
speculative cash 投机热钱；
appreciate v. 增值；
depreciate v. 贬值；
float v. 指（汇率）浮动；
analyst n. 分析家；
fluctuation n. 波动，起伏；
inflation n. 通货膨胀；
deflation n. 通货紧缩；
convert v. 兑换；
convertible adj. 可兑换的；
reserves 储备金；