Passage 1
As the world's' largest trading nation, its largest exporter and second largest importer, China wields extensive influence on global trade and the world economy. China's advantages of course lie not only in the stable foreign trade polic
Passage 1
As the world's' largest trading nation, its largest exporter and second largest importer, China wields extensive influence on global trade and the world economy. China's advantages of course lie not only in the stable foreign trade policy decided by the recently held Central Economic Work Conference, but also in the strength and resilience of a broad-based and fast-growing economy.
The country's primary advantage comes from its stable macro-economy. The Chinese economy has generally realized a soft landing following a period of extremely rapid economic growth. While China did confront severe inflationary pressures in 2011, as well as a brief drop in the value of the renminbi exchange rate, China's financial status is the most stable of the world's major economies and leading emerging markets. While China still faces risks related to local financing platforms and potential non-performing loans in the banking sector, the overall assets status of the Chinese banking system is still sound, and China's rate of inflation remains lower than India's and those of other hot emerging markets by several percentage points.
Although pressure for renminbi depreciation continues to accumulate, the yuan is still stable compared with most emerging market currencies, many of which are now nearing currency crisis levels.
Among the largest emerging economies-BRICS the first nine months of 2011, only China's yuan appreciated by more than 3 percent in the inter-bank foreign exchange market. In the other four BRICS countries, the Russian ruble depreciated by 4. 06 percent,the Brazilian real lost 8. 01 percent of its value, while the Indian rupee and South African rand devalued by 8.5 percent and15.7 percent, respectively.
19.In the first nine months of 2011 all the emerging market currencies are now nearing currency crisis levels.
A、True
B、False
【正确答案】:B
【名师解析】:根据文章内容,2011年的前九个月,并非所有新兴市场货币都接近货币危机水平。文章中明确提到,尽管人民币面临贬值压力,但与其他许多新兴市场货币相比,人民币仍然稳定。此外,文章还列出了其他金砖国家货币的贬值情况,只有中国的人民币在银行间外汇市场上升值了超过3%,而俄罗斯卢布、巴西雷亚尔、印度卢比和南非兰特分别贬值了4.06%、8.01%、8.5%和15.7%。这表明并非所有新兴市场货币都面临货币危机,因此题目中的陈述是错误的。所以正确答案是选项B.False。
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