The State Economic and Trade Commission has announced that China’s Gross Domestic Product increased by nearly 8 percent in the first three quarters of this year, as compared with the same period last year.
Officials of the commission say China’s overall economic situation is better than expected although this is the first year for China to join the World Trade Organization, and the global economic outlook is not optimistic.
Also in the first nine months of this year, China's investment in fixed assets and the retail sales of consumer goods have respectively increased more than 10 percent over the corresponding period last year. Moreover, China's industry is growing steadily and rapidly with higher quality and efficiency.
***
The Director General of the World Trade Organization, Supachai Panitchpakdi has praised China for successfully carrying out its WTO commitments.
During the ongoing Global Industry and Business Managers Forum in Beijing, the WTO official said the world trade body has begun an examination of China’s market access and intellectual property rights conditions as well as other areas, and the results are satisfactory.
He says the country has set up necessary laws and regulations in these areas and has reinforced its laws on intellectual property rights, especially at provincial levels.
The World trade body will carry out annual examinations to find out how China has implemented its WTO accession commitments over the coming eight years.
Supachai meanwhile suggests China timely inform other WTO members of the latest improvements in its laws.
***
Private home ownership is becoming increasingly popular in China, with commercially-developed residential properties now being bought primarily by individuals.
The National Bureau of Statistics says revenue generated by the sale of these commercial houses reached over 400 billion yuan or nearly 50 billion US dollars last year. Over 90 percent of them have been purchased by private individuals.
Analysts say that the real estate market in China is booming and maturing with increased investment. Property developers realized profit increases of 70 percent last year.
***
The growth rate for personal computer shipments in China is expected to pick up next year, following a downtick this year caused by the global technology slowdown.
International Data Corp analyst Kitty Fok says shipments of personal computers in China are expected to grow about 14 percent from 2001 levels to 11.2 million units in 2002, the first time the rate has declined in several years.
In 2001, the number of shipments grew by a strong 24 percent to 9.8 million units.
Fok says growth rate is expected to pick up next year, or at least come in above this year's 14 percent.
Within China, purchasing by businesses now accounts for about 62 percent of computer shipments nationwide, while home computer shipments makes up the rest.
IDG analyst Kitty Fok says the growth rate for both home and business computer shipments is expected to slow this year, but will pick up again in 2003.
The largest computer sellers in China include Legend, IBM and Dell.
***
The State Environmental Protection Administration has announced a national action plan on the utilization of gas produced by city garbage to generate electricity to form a recyclable and renewable energy system.
With more than 140 million tons of garbage produced in China each year, “garbage gas” is one of the main contributors to the global greenhouse effect.
The Chinese government has held discussions with the United Nations Development Program and other international organizations to find the best way to keep greenhouse gases under control as well as for the safe disposal of waste. China’s goal by the year 2015 is for at least 60% of its garbage to be disposed of in an environmentally friendly way.
***
The State Bureau of Quality and Technical Supervision and Quarantine has issued a draft management regulation on returning flawed automobiles.
The system of returning flawed automobiles is a measure to protect the public from being injured by faulty cars.
As this issue concerns the interest of people from various circles, State Bureau of Quality and Technical Supervision issued such a draft to collect more proposals to improve the quality of the future law.
***
The Chinese Internet portal Sohu.com has seen net profitability for the first time in its history, recording a total of over 110,000 US dollars in net profits in the last quarter.
The result was announced following the release of its third-quarter financial reports.
Sohu’s CEO Charles Zhang says it is a milestone for Sohu and their shareholders. Derek Palaschuk, Sohu's chief financial officer, says his company will maintain profitability for this quarter and the whole of 2003.
Sohu grossed 7.5 million US dollars in revenues in the past quarter. Non-advertising revenues, including e-subscription, short messaging service and online shopping, have surpassed income from advertising .
***
Wall Street managed a modest advance Wednesday, rising for a fourth time in five days as investors snatched up companies like chip titan Intel Corp. on budding hopes for a sustainable upswing in the market.
The Dow Jones industrial average rose half a percent to close at 8,494. The Nasdaq composite index rose over two percent, to 1,320.
European shares closed lower as disappointing GlaxoSmithKline earnings and a weak insurance sector sapped already flagging investor enthusiasm.
London's FTSE-100 ended down over two and a half percent to 4,006. In Frankfurt, the DAX fell four and a half percent to 3,015. Paris' CAC 40 slid over four percent to 2,992.
China is taking temporary anti-dumping measures against imports of polyester stable fiber produced in South Korea.
A statement released by the foreign trade ministry says the decision was made following an investigation and the first arbitration session.
Investigation found that dumping did take place and that the imports have caused substantial damage to the domestic industry.
*****
Chinese researchers say they have finished the first report on environmental resources and sustainable development along the New Asian-Europe Continental Bridge.
The report shows that the Chinese segment of the continental bridge, an area of over 800 thousand square kilometers, enjoys favorable soil vegetation, rich minerals, and tourism resources.
But the report also points out that water shortage and frequent natural disasters have restricted the social and economic development of this area.
****
Asia Aluminum Holdings Limited, Asia's largest aluminum producer, has noted that the Chinese mainland continues to be its largest and most promising market, accounting for as much as seventy per cent of its business.
It says it has secured contracts for Guangzhou Huadu Airport, the Great Hall of the People's renovation work, Shanghai World Trade International Center and five massive residential projects in Shanghai during the year 2002. Other projects such as the Grand Opera House in Beijing are currently under negotiation.
*****
The latest statistics show the output of domestically made cars in September has surpassed 100 thousand units, up nearly 50 percent year on year.
From January to September, the output of domestically made cars has reached 750 thousand units, exceeding the total yield of the whole 2001.
Experts from National Bureau of Statistics say the accelerating domestic demand and a rise in consumer incomes have helped make China one of the world’s fastest-growing auto markets.
1--Do you want black or white coffee?
2--White, please.
1--Look! There's a folk concert tomorrow evening.
Do you want to go?
2--I don't like folk music very much.
1--What kind of music do you like?
2--I like classical music. Do you?
1--Not very much. Classical music sends me to sleep.
2--I don't believe you.
1--It's true.
2--You are funny!
1--So are you! How about another coffee?
===================================
注解：
1）black or white coffee：加糖或加牛奶的称作white
coffee.什么也不加的称作black coffee.
2）folk concert：民间音乐会。folk作“民间的”、
“具有民族传说的”解。如folk dance，folk music,
folk songs, folk tale等。
3）classical：经典的。如classical music, classical
literature等。
4）How about...?（你以为）...怎么样？征询对方的意见时
常用的句型。如，征询关于时间安排的意见时，可以说How
about tomorrow？征询活动内容时可以说How about playing
tennis now?征询人选意见可以说How about Jane?等
What do the world's movies say about the cultures where they come from?
Apart from music, movies are the world’s most widely experienced form of entertainment. We watch movies to laugh, cry, be thrilled or maybe even to discover something new. And we can gain insights about culture through watching movies, too.
Some movies show the way a culture is, or perhaps how the filmmaker would like it to be. Some movies reflect the way a culture was, or how it will be in the future. Some movies show a culture in a straightforward, sometimes painfully honest manner.
Let’s look at some of the films made in different cultures.
Many films made by Chinese directors bring out the humorous side of Chinese people. Their movies often bring examples of seldom-seen Chinese emotions and worldviews. Chinese films talk about Chinese history, social issues or romance. Quite often the themes of these films are communicated in a subtle way.
Chinese movies from Hong Kong, on the other hand, often belong to the action genre. Martial arts adventures are the most popular of this type of movie.
Questions for Discussion :
What's your favorite movie genre? Why?
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