The $586 billion economic stimulus(刺激)package that China announced
on Sunday may not be quite as large as it seemed at first sight, but it shows
just how seriously the authorities in Beijing take the threat of a slowdown
following the international financial crisis. On the face of it, the package of
tax cuts, higher public spending, and easier credit makes up the largest such
stimulus in history.
The new policy gives President Hu Jintao
something to show fellow world leaders at the Group of 20 summit in Washington
on Saturday as they seek ways out of the financial crisis.
“We must carry out the measures to ensure
fast and stable economic development ,” Premier Wen Jiabao told government
leaders on Monday. “They are not only for the needs of our own development but
also our biggest contribution to the world.”
At first, stock markets(股市) jumped on news of the
package, in the hope that if China’s economy continues to grow, it might help
other nations go through the expected global decline in economy by offering a
market for their exports.
The stimulus package is designed to reduce
the effects of falling exports on China’s own economy, encouraging
investment （投资）and
consumption （消费）at
home. That, the government says, should keep the world’s fastest-growing
economy on a “steady and relatively fast” growth track despite the depressing
international climate.
The State Council（国务院），China’s cabinet， said it would target spending
over the next two years on low-income housing, rural construction, water and
electricity supplies, technological innovation(创新)，and recovery from disasters such as the May 12 earthquake. If the
plan is carried out, its focus on projects benefiting China’s poorer citizens,
rather than on traditional large-scale industrial development, will strengthen
the government’s policy of building a “harmonious society” that bridges the
present gap between the rich and the poor.
72. China’s economic stimulus package
______ .
A. shows its serious attitude towards the
international financial crisis
B. has stimulated the world’s economy
greatly
C. mainly focuses on higher public spending
D. is as large as it seemed at first sight
73. According to Wen jiabao, China’s
measures will ______.
A. make the world’s economy grow faster
B. ensure fast economic and cultural
development in China
C. be only needed for China’s own development
D. be its biggest contribution to the world
74. How can the new policy reduce the
effects of falling exports on China’s own economy? ______
A. By keeping China’s economy one of the
world’s fastest growing ones.
B. By making China’s economy the fastest
growing one in the world.
C. By encouraging investment and
consumption at home.
D. By getting rid of the depressing
international climate.
75. What’s the final aim of the new policy?
______
A. To build traditional large-scale
industries.
B. To reconstruct the earthquake-hit area.
C. To build a harmonious society throughout
China.
D. To provide housing for low-income
people.
Both presidents highlighted the importance of China-US relations, especially during the current economic crisis.