Unit 8Economy新理念交互英语教程第二册教材.ppt

Part One Texts Text A Text B Back Text A Back Text A Back Notes Vocabulary Structure Asia’s Recovery Highlights China’s Superiority 1 In past global recessions, the United States always led the way out, followed by Europe and the rest of the world. But for the first time, the leading factor is coming from China and the rest of Asia, where risen economies are helping the still-weak West recover from the deepest recession since World War II. Text A Notes Vocabulary Structure Back 2 Economic experts have long predicted that an increasingly powerful China would come to rival and eventually exceed the United States in economic influence. While the American economy is still more than three times the size of China’s, the global economic recovery suggests that this long-anticipated change could arrive sooner than had been expected. Text A Notes Vocabulary Structure Back 3 Such a change would have a significant influence on the United States and the rest of the West, even after the global economic recovery takes hold. The economic center of gravity has been shifting for some time, but this recession marks a turning point. It’s Asia that’s lifting the world, rather than the US, and that’s never happened before. While Western European countries have been more afraid of embarking on big spending programs because of their deficits, and European banks took huge hits on their holdings of subprime American debt, Beijing does not face either barrier. Text A Notes Vocabulary Structure Back 4 China’s moves have also helped its neighbors increase industrial production sharply from recession lows. Since hitting a trough in late 2008 and early 2009, industrial production jumped 28 percent in Korea in August 2009. In July 2009 American industrial production rose for the first time since December 2007, but it remains just 0.5% above the bottom in June 2009. Text A Notes Vocabulary Structure Back 5 “Asia is still relatively small in the world, but it reflects how th