《商务英语阅读》第二版Chapter1WhyChinaWorks网上私人独家翻译.docVIP

Why China Works A look at bright spots in the recession begins with Beijing, where state control is looking smart. 经济衰退中的一线光明开始于国家宏观调控看起来明智的北京。 The construction site of the China Pavilion, host to the World Expo Shanghai 2010 By Rana Foroohar | NEWSWEEK Published Jan 10, 2009 From the magazine issue dated Jan 19, 2009 China is the only major economy that is likely to show significant growth this year, because it is the only one that routinely breaks every rule in the economic textbook. In fact, the main reason China is not slowing as fast as the other big five economies is its capacity for macro-control. 中国是今年唯一一个可能取得亮丽增长的主要经济体， 因为它是世界上唯一 一个惯常打破经济教科书每一个原则的国家。 事实上，中国不像其他五大经济体 那样发展缓慢的主要原因是，它的宏观调控能力。 Why does Chinas market economic system work? Now that the United States and Europe are moving toward macro-economic control — by nationalizing the banking and car industries, and imposing heavy new regulation on the financial industry — the question has a new urgency. China looks like the one best positioned to navigate what may be the worst global downturn in seven decades. 为什么中国市场经济体系奏效？目前， 欧美等国正通过银行及汽车业国有化 及强制对金融业的管理， 走向宏观调控， 但问题更加紧迫。 中国看上去是最能够 驾驭这场可能是近七十年来最糟的全球经济滑坡的国家。 In a time of crisis, Chinas bureaucrats can pick from traditional market tools, like their Western counterparts, and from the arsenal of China ’s market economic system. Early last year, as the housing market was overheating, they simply ordered bankers to cut back on housing loans: then as home sales began to fall, they offered market incentives, like lower taxes on home purchases. In recent weeks they launched economic rescue efforts similar to those in the west, including a huge ($600 billion) plan to ramp up government spending and big interest-rate cuts. But theyve also issued orders that would be seen as improper intervention in the West — for example, calling last week on state industries, including steel and construction, to actively increase their roles in the economy b