VOA慢速英语2012 Economics Report - US-China Meeting Starts With Call for Fair Exchange Rate
时间:2018-12-16 作者:英语课 分类:2012年VOA慢速英语(五)月
Economics Report - US-China Meeting Starts With Call for Fair Exchange Rate
This is the VOA Special English Economics Report.
American Treasury 1 Secretary Tim Geithner has again urged China to let the exchange value of its money rise. Mister Geithner was among top officials from both countries who gathered in Beijing for the U.S.-China Strategic Dialogue. Their goal was to increase cooperation on security and economic issues.
Secretary of State Hillary Clinton spoke 2 at the opening of the meeting Thursday.
HILLARY CLINTON: “In today’s world, no global player can afford to treat geopolitics as a zero-sum game, we are working to build a relationship that allows both of our countries to flourish without unhealthy competition or conflict.”
Secretary Clinton noted 3 that nations must deal with issues of economics and international politics in a way that is not ‘win or lose’, or what she called zero-sum. She also said that both the United States and China have to meet responsibilities to their own citizens and the international community.
The value of China’s money, the yuan, was among the top economic issues discussed on the first day of the meeting. Currently, the exchange rate is over six yuan to the American dollar.
The United States says China intervenes in foreign currency markets to keep the exchange value of the yuan low. A lower value means Chinese exports are less costly 4 than their competitors. Critics also say China unfairly supports its industries with many other forms of government support.
Last year, America’s trade deficit 5 with China reached a record two hundred ninety-five billion dollars.
On Thursday, Chinese Vice 6 Premier 7 Wang Qishan defended his country's money policy. He said China is moving at a measured rate to make its currency more flexible. And he urged the United States not to "politicize" economic issues.
Mister Wang also called on the United States to ease controls on high-technology exports and increase Chinese access to financial markets.
Secretary Geithner said China had moved toward a better way of valuing the yuan, officially called the renminbi. But he said more reform was needed.
TIMOTHY GEITHNER: “A stronger, more market-determined renminbi will help reinforce China’s reform objectives of moving towards higher value-added production, reforming your financial system and encouraging domestic demand.”
Currency reform, said Mister Geithner, was important to China’s financial system and to increasing demand at home.
And that's the VOA Special English Economics Report. I'm Mario Ritter.
- The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
- This book is a treasury of useful information.这本书是有价值的信息宝库。
- They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
- The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。
- The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
- Jim is noted for arriving late for work.吉姆上班迟到出了名。
- It must be very costly to keep up a house like this.维修这么一幢房子一定很昂贵。
- This dictionary is very useful,only it is a bit costly.这本词典很有用,左不过贵了些。
- The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
- We have a great deficit this year.我们今年有很大亏损。