自考口译与听力答案(6)

Unit sixteen Economy

Speech by President Jiang Zemin at the Sixth APEC Informal Leadership Meeting

1998/11/18

The financial crisis in some Asian countries aroused wide concerns among Asia-Pacific Economic Cooperation (APEC） members. Now a year has passed but its ramification is still spreading out, not only bringing serious economic difficulties to some countries and regions in Asia, but also affecting the world economy as a whole.

This crisis has occurred against the international background of accelerated economic globalization, and it has given the world people important revelations.

Economic globalization has become a trend as a result of the economic, scientific and technological development in the present-day world. It has brought to countries in the world not only development opportunities, but also serious challenges and risks. It has also presented to countries, developing ones in particular, a new subject to tackle that is how to ensure the economic security of a country.

The trend of economic globalization requires active participation by all countries in international economic cooperation. However,

countries should expand their opening-up programme in the light of their national conditions and in a step by step manner while paying attention to increasing their capabilities of preventing and withstanding risks.

The trend of economic globalization has made the economies of countries more and more interdependent and interactive. Once a financial crisis breaks out in certain countries or regions, not only developing countries will suffer immensely from it, but developed ones will also find it hard to stay out of it. A globalized economy calls for global cooperation. All members of the international community should work together to maintain a steady development of the world economy in a spirit of sharing responsibilities and risks.

The trend of economic globalization is emerging and developing in a context where there is no fundamental change in the inequitable and irrational old international economic order, which will inevitably widen the gap between the poor and the rich countries. The ultimate solution to this problem is to work for the establishment of a fair and reasonable new international economic order in the interest of the common development of all countries.

The financial crisis has also brought negative effect and great pressure on the economic development in China. The Chinese Government has assumed a highly responsible attitude. China has provided assistance to the relevant countries within the framework of the International Monetary Fund (IMF) arrangements and through bilateral channels. Proceeding from the overall interests of maintaining sustained economic growth and international economic development, China has made the decision of not devaluating the RMB, for which China has paid a high price. Having won a battle against the catastrophic floods this summer, we are now going ahead with more in-depth reforms, adopting active fiscal policies, increasing input for infrastructural construction, and boosting domestic demand in an effort to achieve this year's objective of economic and social development.

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