问答题Fewer Skilled Graduates May Hinder China　　A shortage of well-trained graduates could hinder the growth of the Chinese economy and prevent it from developing more sophisticated industries, according to a report by consultants McKinsey. The universities

资料：Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday.
“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast.” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.”
Underpinning the improvements in the human development index（HDI） was rapid growth in countries such as China, India and Brazil, with China and India having doubled per capita economic output in less than 20 years. But the study stressed that growth and improvements in HDI spread far beyond the four Bric countries of Brazil, Russia, India and China, and included at least 40 countries that had accompanied greater economic dynamism with effective poverty-reduction policies.
Afghanistan, Sierra Leone, Ethiopia, Rwanda and Angola were among 14 countries that have recorded gains in HDI of more than 2 per cent a year since 2000. Partly as a result, the report found that worldwide extreme income poverty has plunged from 43 per cent in 1990 to just 22 per cent in 2008, including more than 500m being lifted out of poverty in China alone. The report stated that such gains had already helped the world achieve the main poverty eradication goal of the so-called Millennium Development Goals, which called for the share of people living on less than $1.25 a day to be cut by half from 1990 to 2015.
Underpinning this poverty reduction was developing countries’ increasing share of global trade, which grew from 25 per cent to 47 per cent between 1980 and 2010. “The south as a whole is driving global economic growth and societal change for the first time in centuries,” says the report.
The report found that trade among developing countries was the biggest factor in that expansion, increasing from less than 10 per cent of total global trade to more than 30 per cent. “Trade between countries in the south will overtake that between developed nations,” the report said.

The passage mainly ______.

A.discuss why developing countries are playing major role
B.illustrate a theory for poverty reduction
C.explain reasons behind a report
D.interpret the role of trade for developing countries

资料：Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday.
“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast.” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.”
Underpinning the improvements in the human development index（HDI） was rapid growth in countries such as China, India and Brazil, with China and India having doubled per capita economic output in less than 20 years. But the study stressed that growth and improvements in HDI spread far beyond the four Bric countries of Brazil, Russia, India and China, and included at least 40 countries that had accompanied greater economic dynamism with effective poverty-reduction policies.
Afghanistan, Sierra Leone, Ethiopia, Rwanda and Angola were among 14 countries that have recorded gains in HDI of more than 2 per cent a year since 2000. Partly as a result, the report found that worldwide extreme income poverty has plunged from 43 per cent in 1990 to just 22 per cent in 2008, including more than 500m being lifted out of poverty in China alone. The report stated that such gains had already helped the world achieve the main poverty eradication goal of the so-called Millennium Development Goals, which called for the share of people living on less than $1.25 a day to be cut by half from 1990 to 2015.
Underpinning this poverty reduction was developing countries’ increasing share of global trade, which grew from 25 per cent to 47 per cent between 1980 and 2010. “The south as a whole is driving global economic growth and societal change for the first time in centuries,” says the report.
The report found that trade among developing countries was the biggest factor in that expansion, increasing from less than 10 per cent of total global trade to more than 30 per cent. “Trade between countries in the south will overtake that between developed nations,” the report said.

The word “underpinning” in the passage refers to ______.

A.blocking
B.undergoing
C.supporting
D.stressing

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

The third paragraph tells that （ ）

A.It’s not difficult for China to achieve its target of creating 11 million jobs
B.there are enough vacancies for young people from the rural areas in India
C.the developed economies enjoys a better income growth
D.more Chinese will borrow to increase their spending power

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

What is the main idea of this passage?

A.The world economy relies on China 's economy
B.Chinese consumers have great potential
C.Other countries should learn from China by developing a sharing economy
D.Chinese government is improving people’s lives

资料：Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday.
“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast.” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.”
Underpinning the improvements in the human development index（HDI） was rapid growth in countries such as China, India and Brazil, with China and India having doubled per capita economic output in less than 20 years. But the study stressed that growth and improvements in HDI spread far beyond the four Bric countries of Brazil, Russia, India and China, and included at least 40 countries that had accompanied greater economic dynamism with effective poverty-reduction policies.
Afghanistan, Sierra Leone, Ethiopia, Rwanda and Angola were among 14 countries that have recorded gains in HDI of more than 2 per cent a year since 2000. Partly as a result, the report found that worldwide extreme income poverty has plunged from 43 per cent in 1990 to just 22 per cent in 2008, including more than 500m being lifted out of poverty in China alone. The report stated that such gains had already helped the world achieve the main poverty eradication goal of the so-called Millennium Development Goals, which called for the share of people living on less than $1.25 a day to be cut by half from 1990 to 2015.
Underpinning this poverty reduction was developing countries’ increasing share of global trade, which grew from 25 per cent to 47 per cent between 1980 and 2010. “The south as a whole is driving global economic growth and societal change for the first time in centuries,” says the report.
The report found that trade among developing countries was the biggest factor in that expansion, increasing from less than 10 per cent of total global trade to more than 30 per cent. “Trade between countries in the south will overtake that between developed nations,” the report said.

Why does the author mention “an epochal ‘global rebalancing’”？

A.To explain the recent achievement of poverty reduction
B.To conclude that the world has changed so dramatically
C.To criticize developed countries
D.To predict that things can be better

共用题干
Is There a Way to Keep the Britain's Economy Growing?
1 .In today's knowledge economy,nations survive on the things they do best.Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
2 .Britain specializes in the gift of talking.The nation doesn't manufacture much of any-thing.But it has lawyers,stylists and business consultants who earn their living from talktalk and more talk.The World Foundation think tank says the UK's four iconic job、todayare not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers.But can all this talking keep the British economy going?The British government thinks it can.
3 .Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in thepostwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical industry and it still makes a small sum from selling arms abroad.It also trades services一accountancy,insurance,banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of Shakespeare and Words-worth has a literary tradition of which to be proud.Rock'n'roll is an English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
4 .However,creative industries account for only about 4 percent of UK's exports of goods and services.The industries are finding it hard to make a profit,according to a report of the National Endowment for Science,Technology and the Arts.The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points be-low the EU average and well below Germany(61 percent)and Sweden(47 percent).
5 .In fact,it might be better to call Britain a“servant”economy一there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been, and will continue to be,at the low-skill end of the service sector一in shops,bars,hotels,domestic service and in nursing and care homes.

The British government doesn't seem______.
A:to find jobs
B:to do low-skill jobs
C:to feed its people
D:to handle disputes
E:to make a profit
F:to worry about the British economy

共用题干
Is There a Way to Keep the Britain's Economy Growing?
1 .In today's knowledge economy,nations survive on the things they do best.Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
2 .Britain specializes in the gift of talking.The nation doesn't manufacture much of any-thing.But it has lawyers,stylists and business consultants who earn their living from talktalk and more talk.The World Foundation think tank says the UK's four iconic job、todayare not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers.But can all this talking keep the British economy going?The British government thinks it can.
3 .Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in thepostwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical industry and it still makes a small sum from selling arms abroad.It also trades services一accountancy,insurance,banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of Shakespeare and Words-worth has a literary tradition of which to be proud.Rock'n'roll is an English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
4 .However,creative industries account for only about 4 percent of UK's exports of goods and services.The industries are finding it hard to make a profit,according to a report of the National Endowment for Science,Technology and the Arts.The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points be-low the EU average and well below Germany(61 percent)and Sweden(47 percent).
5 .In fact,it might be better to call Britain a“servant”economy一there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been, and will continue to be,at the low-skill end of the service sector一in shops,bars,hotels,domestic service and in nursing and care homes.

Many graduates are employed______.
A:to find jobs
B:to do low-skill jobs
C:to feed its people
D:to handle disputes
E:to make a profit
F:to worry about the British economy

共用题干
Is There a Way to Keep the Britain's Economy Growing
In today's knowledge economy,nations survive on the things they do best. The Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
Britain specializes in the gift of talking.The nation doesn't manufacture much of anything.
But it has lawyers,stylists and business consultants who earn their living from talk,talk and more talk. The World Foundation think tank says the UK's four iconic（标志性的）jobs today are not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers .But can all this talking keep the British economy going?The
British government thinks it can.
Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in the postwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical（制药的）industry , and it still makes a small sum from selling arms abroad. It also trades services-accountancy,insurance, banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of
Shakespeare and Wordsworth has a literary tradition of which to be proud,Rock“n”roll is an
English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
However,creative industries account for only about 4 percent of UK's exports of goods and services .The industries are finding it hard to make a profit,according to a report of the National
Endowment for Science,Technology and the Arts .The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points below the EU average and well below Germany(61 percent)and Sweden(47 percent).
In fact,it might be better to call Britain a“servant”economy-there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been,and will continue to be,at the low-skill end of the service sector-in shops,bars,hotels,domestic service and in nursing and care homes.

According to the World Foundation think tank,one of the iconic jobs in Britain today is
A: law makers
B: home servants
C: business consultants
D: school teachers

共用题干
Is There a Way to Keep the Britain's Economy Growing
In today's knowledge economy,nations survive on the things they do best. The Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
Britain specializes in the gift of talking.The nation doesn't manufacture much of anything.
But it has lawyers,stylists and business consultants who earn their living from talk,talk and more talk. The World Foundation think tank says the UK's four iconic（标志性的）jobs today are not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers .But can all this talking keep the British economy going?The
British government thinks it can.
Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in the postwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical（制药的）industry , and it still makes a small sum from selling arms abroad. It also trades services-accountancy,insurance, banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of
Shakespeare and Wordsworth has a literary tradition of which to be proud,Rock“n”roll is an
English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
However,creative industries account for only about 4 percent of UK's exports of goods and services .The industries are finding it hard to make a profit,according to a report of the National
Endowment for Science,Technology and the Arts .The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points below the EU average and well below Germany(61 percent)and Sweden(47 percent).
In fact,it might be better to call Britain a“servant”economy-there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been,and will continue to be,at the low-skill end of the service sector-in shops,bars,hotels,domestic service and in nursing and care homes.

It can be inferred from the passage that_____.
A: the gift of talking can keep the British economy growing
B:.the British economy is the least innovative one in the EU
C:.the British government is over一confident in its economy
D:being a servant to the rich is one of the best jobs in Britain

资料：Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday.
“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast.” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.”
Underpinning the improvements in the human development index（HDI） was rapid growth in countries such as China, India and Brazil, with China and India having doubled per capita economic output in less than 20 years. But the study stressed that growth and improvements in HDI spread far beyond the four Bric countries of Brazil, Russia, India and China, and included at least 40 countries that had accompanied greater economic dynamism with effective poverty-reduction policies.
Afghanistan, Sierra Leone, Ethiopia, Rwanda and Angola were among 14 countries that have recorded gains in HDI of more than 2 per cent a year since 2000. Partly as a result, the report found that worldwide extreme income poverty has plunged from 43 per cent in 1990 to just 22 per cent in 2008, including more than 500m being lifted out of poverty in China alone. The report stated that such gains had already helped the world achieve the main poverty eradication goal of the so-called Millennium Development Goals, which called for the share of people living on less than $1.25 a day to be cut by half from 1990 to 2015.
Underpinning this poverty reduction was developing countries’ increasing share of global trade, which grew from 25 per cent to 47 per cent between 1980 and 2010. “The south as a whole is driving global economic growth and societal change for the first time in centuries,” says the report.
The report found that trade among developing countries was the biggest factor in that expansion, increasing from less than 10 per cent of total global trade to more than 30 per cent. “Trade between countries in the south will overtake that between developed nations,” the report said.

“More than 500m being lifted out of poverty in China alone” illustrates ______.

A.the economic development of China is important
B.the role of some developing countries is significant for poverty reduction
C.14 countries are developing faster than China
D.it is crucial to make a clear goal first

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

What dose the underlined sentence mean?

A.We should resist the trend of automation
B.The growth of the economy and technology brings prosperity
C.Technology is double-edged since some jobs will be eliminated
D.The development of technology is devastating

资料：Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday.
“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast.” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.”
Underpinning the improvements in the human development index（HDI） was rapid growth in countries such as China, India and Brazil, with China and India having doubled per capita economic output in less than 20 years. But the study stressed that growth and improvements in HDI spread far beyond the four Bric countries of Brazil, Russia, India and China, and included at least 40 countries that had accompanied greater economic dynamism with effective poverty-reduction policies.
Afghanistan, Sierra Leone, Ethiopia, Rwanda and Angola were among 14 countries that have recorded gains in HDI of more than 2 per cent a year since 2000. Partly as a result, the report found that worldwide extreme income poverty has plunged from 43 per cent in 1990 to just 22 per cent in 2008, including more than 500m being lifted out of poverty in China alone. The report stated that such gains had already helped the world achieve the main poverty eradication goal of the so-called Millennium Development Goals, which called for the share of people living on less than $1.25 a day to be cut by half from 1990 to 2015.
Underpinning this poverty reduction was developing countries’ increasing share of global trade, which grew from 25 per cent to 47 per cent between 1980 and 2010. “The south as a whole is driving global economic growth and societal change for the first time in centuries,” says the report.
The report found that trade among developing countries was the biggest factor in that expansion, increasing from less than 10 per cent of total global trade to more than 30 per cent. “Trade between countries in the south will overtake that between developed nations,” the report said.

All of the following are factors for poverty reduction except ______.

A.greater economic dynamism
B.aid from developed countries
C.changes of developing countries
D.trade among developing countries

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

According to the passage，which country is home to the highest ratio of household debt to GDP？

A.India
B.China
C.UK
D.US

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

Which of the following statement is false?

A.The work force in China has increased in past ten years
B.internet firms benefit a lot from the income growth
C.The Chinese government is improving the social welfare for people
D.the per capita income in China is expected to $12,500 in eight years

共用题干
Is There a Way to Keep the Britain's Economy Growing?
1 .In today's knowledge economy,nations survive on the things they do best.Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
2 .Britain specializes in the gift of talking.The nation doesn't manufacture much of any-thing.But it has lawyers,stylists and business consultants who earn their living from talktalk and more talk.The World Foundation think tank says the UK's four iconic job、todayare not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers.But can all this talking keep the British economy going?The British government thinks it can.
3 .Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in thepostwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical industry and it still makes a small sum from selling arms abroad.It also trades services一accountancy,insurance,banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of Shakespeare and Words-worth has a literary tradition of which to be proud.Rock'n'roll is an English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
4 .However,creative industries account for only about 4 percent of UK's exports of goods and services.The industries are finding it hard to make a profit,according to a report of the National Endowment for Science,Technology and the Arts.The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points be-low the EU average and well below Germany(61 percent)and Sweden(47 percent).
5 .In fact,it might be better to call Britain a“servant”economy一there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been, and will continue to be,at the low-skill end of the service sector一in shops,bars,hotels,domestic service and in nursing and care homes.

The creative industries find it difficult______.
A:to find jobs
B:to do low-skill jobs
C:to feed its people
D:to handle disputes
E:to make a profit
F:to worry about the British economy

共用题干
Is There a Way to Keep the Britain's Economy Growing?
1 .In today's knowledge economy,nations survive on the things they do best.Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
2 .Britain specializes in the gift of talking.The nation doesn't manufacture much of any-thing.But it has lawyers,stylists and business consultants who earn their living from talktalk and more talk.The World Foundation think tank says the UK's four iconic job、todayare not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers.But can all this talking keep the British economy going?The British government thinks it can.
3 .Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in thepostwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical industry and it still makes a small sum from selling arms abroad.It also trades services一accountancy,insurance,banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of Shakespeare and Words-worth has a literary tradition of which to be proud.Rock'n'roll is an English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
4 .However,creative industries account for only about 4 percent of UK's exports of goods and services.The industries are finding it hard to make a profit,according to a report of the National Endowment for Science,Technology and the Arts.The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points be-low the EU average and well below Germany(61 percent)and Sweden(47 percent).
5 .In fact,it might be better to call Britain a“servant”economy一there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been, and will continue to be,at the low-skill end of the service sector一in shops,bars,hotels,domestic service and in nursing and care homes.

Paragraph 5______
A:Growth of Economy
B:“Servant”Economy
C:Strength of the Creative Economy
D:Weakness of the Creative Economy
E:Gift of Talking
F:Export of Talking Machines

共用题干
Is There a Way to Keep the Britain's Economy Growing
In today's knowledge economy,nations survive on the things they do best. The Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
Britain specializes in the gift of talking.The nation doesn't manufacture much of anything.
But it has lawyers,stylists and business consultants who earn their living from talk,talk and more talk. The World Foundation think tank says the UK's four iconic（标志性的）jobs today are not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers .But can all this talking keep the British economy going?The
British government thinks it can.
Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in the postwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical（制药的）industry , and it still makes a small sum from selling arms abroad. It also trades services-accountancy,insurance, banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of
Shakespeare and Wordsworth has a literary tradition of which to be proud,Rock“n”roll is an
English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
However,creative industries account for only about 4 percent of UK's exports of goods and services .The industries are finding it hard to make a profit,according to a report of the National
Endowment for Science,Technology and the Arts .The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points below the EU average and well below Germany(61 percent)and Sweden(47 percent).
In fact,it might be better to call Britain a“servant”economy-there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been,and will continue to be,at the low-skill end of the service sector-in shops,bars,hotels,domestic service and in nursing and care homes.

The officials are not worried about the trade deficit in 2006,because they believe_______.
A: Britain is on the cutting edge of the knowledge economy
B: the literary tradition of Britain will help make billions of pounds
C: Britain is home to the largest pharmaceutical industry in the world
D: the world economy is strong enough to carry the Britain economy

共用题干
Is There a Way to Keep the Britain's Economy Growing
In today's knowledge economy,nations survive on the things they do best. The Japanese design electronics while Germens export engineering techniques.The French serve the best food and Americans make computers.
Britain specializes in the gift of talking.The nation doesn't manufacture much of anything.
But it has lawyers,stylists and business consultants who earn their living from talk,talk and more talk. The World Foundation think tank says the UK's four iconic（标志性的）jobs today are not scientists,engineers,teachers and nurses.Instead,they're hairdressers,celebrities,management consultants and managers .But can all this talking keep the British economy going?The
British government thinks it can.
Although the country's trade deficit was more than￡60 billion in 2006,UK's largest in the postwar period,officials say the country has nothing to worry about.In fact,Britain does have a world-class pharmaceutical（制药的）industry , and it still makes a small sum from selling arms abroad. It also trades services-accountancy,insurance, banking and advertising.The government believes Britain is on the cutting edge of the knowledge economy.After all,the country of
Shakespeare and Wordsworth has a literary tradition of which to be proud,Rock“n”roll is an
English language medium,and there are billions to be made by their cutting-edge bands.In other words,the creative economy has plenty of strength to carry the British economy.
However,creative industries account for only about 4 percent of UK's exports of goods and services .The industries are finding it hard to make a profit,according to a report of the National
Endowment for Science,Technology and the Arts .The report shows only 38 percent of British companies were engaged in“innovation activities”,3 percentage points below the EU average and well below Germany(61 percent)and Sweden(47 percent).
In fact,it might be better to call Britain a“servant”economy-there are at least 4 million people“in service”.The majority of the population are employed by the rich to cook,clean,and take care of their children.Many graduates are even doing menial jobs for which they do not need a degree.Most employment growth has been,and will continue to be,at the low-skill end of the service sector-in shops,bars,hotels,domestic service and in nursing and care homes.

The phrase“the cutting edge”in Paragraph 3 is closest in meaning to_____.
A: the most popular
B: the most political
C: the proudest
D: the most advanced