Business sectors

1. Discuss the following questions:

· What famous Chinese companies do you know?

· Do you have any Chinese products at home?

· Have you ever heard the statement that Chinese products are of poor quality? Do you agree with it?

2. Read the text and do the tasks after it.

China’s Economic Boom

China’s economy has been growing significantly for the last three decades and there is huge potential for further expansion.

For other economies China is seen as both an opportunity and a threat. On the one hand it has created a new market for suppliers of basic commodities like oil, steel, wood, soy-beans and many other agricultural products. The demand for goods produced in Australia, Brazil and Argentina has increased by sixty per cent. And just as important, world prices for basic products – steel, many metals, oil and some foods – have gone up very sharply in the last couple of years.

But on the other hand, China's rise as a manufacturing center is dangerous for many competitors. China gets between thirty and fifty billion dollars of foreign investment every year – far more than any other nation. Manufacturers in other places often find it hard to compete.

Furthermore, as China's population gets individually richer, the country has become a key market for the sophisticated products and services typically produced in the industrialized West. Such luxury carmakers Ferrari and Bentley and Lamborghini have already entered the world’s largest marketplace.

China is on course to become an economic superpower but its not actually there yet – it's currently the sixth largest economy in the world, still smaller than Britain and France let alone the real giants Japan and the United States.

3. Answer the following questions:

a) Why is China considered as an opportunity for other economies?

b) Why is it seen as a threat?

c) Why is China now a key market for sophisticated products?

Дата добавления: 2015-11-14