Passage 2
China's Economic Role in Asia
China's economic role in Asia is burgeoning. With 1.2 billion people and an economy growing more rapid than any other in the region. China's rising importance as a trader manufacturer and investor offers
Passage 2
China's Economic Role in Asia
China's economic role in Asia is burgeoning. With 1.2 billion people and an economy growing more rapid than any other in the region. China's rising importance as a trader manufacturer and investor offers neighbors a fast-growth cushion against slowdowns in the West. In 1995, for Japanese businesses grappling with the strong Yen, China is especially attractive. Japan's domestic market is sagging, and yen-based costs are pricing its exports too high. China offers thriving market and a cheap production base. Nearly one of every 10 yen that Japanese companies invest this year will end up in China, by one estimate. But it isn't manufacturing that links China to Asia. China's huge appetite for everything from grain to top-of-the-line technologies helps, too. South Korea's auto industry and Japan's steel industry, both dragging, get a big lift from China.
And China's market could grow even more important, and not just to Asia. Although Sino-American trade surged to $40 billion last year from only $2 billion when Beijing begin its economic reforms in 1979, trade in some areas, notably services, is still generally closed. As it opens, other areas of market will expand. To be sure, China's trade expansion hasn't been smooth. This year,Beijing averted U. S. sanctions by settling a dispute over copy right and patent protection. But by the year 2010. According to OCED,Asia will account for one-third of global demand and China will almost certainly be the largest component.
Strong yen will promote more exports in Japan.
A、正确
B、错误
【正确答案】:B
【名师解析】:题目中提到了由于日元的强势,日本企业面临出口价格过高的问题,而中国提供了一个繁荣的市场和低廉的生产基础,这使得日本企业将更多的投资转向中国。然而,题目选项中的陈述“Strong yen will promote more exports in Japan”与文中内容相矛盾。文中指出,由于日元强势,日本企业的出口价格过高,这实际上抑制了日本的出口。因此,正确答案应该是选项B,错误。
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