New York27s Economy _ (恢复).pptVIP

2011，6，1 New York stock market plunged Two reasons: 1 Poor datas of employment and manufacturing were far below than expected 2 Rating Agency,Moody, turned downCredit rat- ings of Greek sovereign ◆The biggest regional economy in the United States ◆The second largest city economy in the world after Tokyo ◆The financial capital of the world alongside London ◆ Home to the New York Stock Exchange, the worlds largest stock exchange by market capitalization of its listed companies. Anchored by Wall Street, in Lower Manhattan Manhattan The oldest and the most densely-populated of the five boroughs of New Yok City A major commercial, financial, and cultural center of both the United States and the world The largest central busi -nss district in the world Midtown Manhattan Lower Manhattan ◆ leading business center for a long time ◆ citys fiscal crisis in the 1970s ◆A new trend ◆ corporate headquarters and subsidiaris gradually moving to the suburbs and other regions. Real estate It’s a significant factor in New Yorks economy In 2006 the total value of Manhattan property was $802.4 billion The Time Warner Center is the property with the highest-listed market value in the city, at $1.1 billion in 2006. Top Fortune 500 Finance The World Financial Center, containing the offices of many financial firms. New York City has been a leading center of finance in the world economy since the end of World War I. Manufacturing a significant share of employment Garments, chemicals, metal products, processed foods, and furniture are some of the principal products. The food-processing industry employs more than 19,000 residents, many of them are immigrants who speak little English. Chocolate is New York Citys leading specialty-food export, with $234 million worth of exports each year. Despite the adaptability of New York manufacturers, there remain looming challenge