WaI-Mart CEO steps down; McMillon is successor

The government has sold ∑890m of student loans to a debt management consortium for ∑160m. Erudio Student Loans won the bid to buy the remaining 17% of mortgage-style loans taken out by students between 1990 and 1998.     

英语角

The world must repel calls to contain competitive markets The surprise of recent months is not that global economic growth is slowing, but that there is any growth at all. The credit crunch of the past year has not     

THE CHINESE NATIONAL WHO SURFS THE SEA OF FINANCE IN ASIA——The Cover Personage incarnates the elegant Chinese national as the first Ranking Vice President of the ADB,famous economist and Financier active in the international financial arena

Lin Zexu,a patriot,thinker and national hero,who served as Governor for Hu Guang and Governor for Liang Guang and in other positions in Qing Dynasty,composed a couplet for self-motivation."Vast is the sea which embraces flows from millions of rivers;and upright is the precipice which rises single-mindedly to the zenith."He encouraged himself by this couplet to be magnanimous,receptive,and upright and to be a man of unbending principle.This is a motto which Jin Liqun has followed the first day he took office in Asian Development Bank (ADB),to guide his work and the way he conducts himself in this community.He practices in accordance with this principle as he carries out the mandate of this multilateral financial institution.Jin Liqun has won the accolade that he is     

The Hard Argument for China''s Soft Landing

The world has at last embraced the Chinese growth miracle. But in doing so it may be missing an important reality check. Two problems have recently emerged in the Chinese economy: a credit bubble and inflation. The good news is that China is already coping with these issues. The bad news is that the world may be unprepared for the impact of a Chinese slowdown.     

Sunshine Projects

It is a measure for honest and clean government carried out in the field of infrastructure in Beijing, which requires open and transparent practice from the project's ever beginning to acceptance and delivery, put an end to private operation, so as to build probity, quality, efficient projects. The scope of "Sunshine Projects" include Olympic     

专业英语第七辑 收益途径（三）

The income approach, when applied to a business enterprise, begins with a projection of the income-producing capability of the business. It is based on the assumption that the value of the enterprise is dependent on the ability of all the assets to earn a reasonable return. The first step in the income approach, when applied to a business enterprise, is to estimate the level of earnings that the enterprise is capable of producing in normal operation. But we must be aware that earnings capabili…     

The Hard Argument for China''''s Soft Landing

The world has at last embraced the Chinese growthmiracle.But in doing so it may be missing an important realitycheck.Two problems have recently emerged in the Chineseeconomy:a credit bubble and inflation.The good news isthat China is already coping with these issues.The bad newsis that the world may be unprepared for the impact of aChinese slowdown.     

iPhone, New Smartphone Champion in China

The shock wave caused by the Apple iPhone has been spreading from the U.S. to China at an unbelievable rate. Savvy entrepreneurs have been purchasing hundreds of thousands of iPhones in the U.S. and Europe, then ＂cracking＂ the operating system to allow the device to be used on any GSM network. According to China Mobile, there were about 400,000 cracked iPhones using its cellular network service at the end of 2007, representing one out of every 10 iPhone shipments announced officially by Apple. We have never doubted that the iPhone will achieve greater success than iPod in China if Apple teams with China Mobile to launch its Chinese version. There are two reasons. Firstly, different from the U.S. where the smartphone market is fairly limited, appealing primarily to business users, the smartphone market in China, though, is an entertainmentoriented individual consumer market,     

墨尔本风暴工资帽违规及思想理论

Part （a）： Melbourne Storm Salary Cap Breach On April 22, one of the biggest scandals in rugby league history was revealed. Based on the article of NRL hit Melbourne Storm with $1.5 million salary cap breach in The Daily Telegraph on April 22, the NRL chief executive David Gallop stated that ＂The Storm has engaged in a long-term system of operating what might conveniently be called two sets of books. To their credit this morning the Storm representatives have come in and confessed to a well-organised system of paying players outside the cap.     

金融英语——常用词汇(九十二)

<正>credit grading信用等级Grades an individual or company on how good their credit is.标明个人或公司信用好坏的等级。credit history信用记录A statement of the debts and obligations,whether current or past,of a person which helps a lender to assess the risk of a loan to that person.     

T. J. Huang, the superior in VC inclustry

A saying like that, investment is buying with low price and selling with high price. It is easy to say. but difficult to control in practice; the investor has to grasp the economic transition and industry＇s undulation accurately. T. J. Huang, the trailblazer of Taiwan financial reformation, he is the founder and managing partner of the AsiaVest Partners, TCW/YFY Lid, Huaug is the person who is aware of the trend of industry＇s startap and decline in advance, and make decision at right time. Someone said that T. J.     

Lifting Limits on Market Access and Operation of Foreign Investment Enterprises in Beijing

The municipality lifts limits on market access and operation of foreign investment enterprises in Beijing so that the foreign investors don't need to submit a credit certificate for registration any longer.     

Obama＇s Remarks on the U.S.-China Relationship（abridged）

Today, we look out on the horizon of a new century. And as we launch this dialogue, it is important for us to reflect upon the questions that will shape the 21 s, century.
First, we can cooperate to advance our mutual interest in a lasting economic recovery. The current crisis has made it clear that the choices made within our borders reverberate across the global economy - and this is true not just of New York and Seattle, but Shanghai and Shenzhen as well. That is why we must remain committed to strong bilateral and multilateral coordination.     

中部地区利用外资承接产业转移的博弈分析(英文)

FDI is crucial to macroeconomic development of a region. The paper analyzes the FDI utilization performance of the central regions in recent years. It points the adverse effects out that the local central governments regard preferential policies as the main means to attract FDI. We use static game theory and dynamic game with complete information to analyze preferential policy strategy of the central region, thus obtaining its pragmatic impacts on FDI attraction. On this basis, some policies and recommendations are given to improve the means of FDI attraction to ensure that local governments achieve mutually beneficial results.     

五问“东北振兴银行”

Promotion of the old Northeast industry base has become another important move the Central Committee makes out to facilitate regional economy of the country after West Development, in which the most important is to support the promotion through financing. To rapidly develop the three provinces in the northeast, the first thing is to solve the bottleneck of financing. To seek for new outlets is the fundamentality of renewed development. A newly founded Northeast Zhenxing Bank wlll surely leave no historic burdens, it will provide service for the three provinces of the northeast, and it wlll certainly play an important role in the economic promotion of the northeast.     

AN INTRODUCTION TO AUDITING审计概述

Dependable information is essential to the very existence of our society.Reliable accounting and financial reporting aid society in allocating resources in an efficient manner.The contribution of the independent auditor is to provide credibility to information.The credibility added to the information by auditors actually reduces the decision maker'S risk.To be more precise,the auditors reduce information risk,which iS the risk that the financial information USed to make a decision is materially misstated.     

Obama's Remarks on the U.S.-China Relationship(abridged)

Today, we look out on the horizon of a new century. And as we launch this dialogue, it is important for us to reflect upon the questions that will shape the 21st century. First, we can cooperate to advance our mutual interest in a lasting economic recovery. The current crisis has made it clear that the choices made within our borders reverberate across the global economy - and this is true not just of New York and Seattle, but Shanghai and Shenzhen as well. That is why we must remain committed to strong bilateral and multilateral coordination.     

The Value of Chinese Online game industry

The online games didn＇t enter China for a long time, but its development speed surprised a lot of people. The data in the IDC＇s report shows that the market size of online game will reach 8.34 million RMB in 2006. Alone with the increase of market competition and the growth of original creation, the Chinese online game industry will suffer an intensive shock. At present, the online game operation is facing the problem of product life circle＇s reduction and revenue＇s drop. To solve these problems, online game companies has to find out the new game＇s increasing point of profit.     

英语角

IMF is urging members to set stimulus plans The International Monetary Fund urged members to make plans to increase spending to stimulate economic growth and to rescue troubled financial institutions if the global housing-and-credit crunch worsens further.Policy makers world-wide need to "think the unthinkable", said the IMF's deputy managing director John Lipsky, because of the possibility of what he called a "global financial decelerator." Under that scenario, "a downward credit spiral driven by rising     

Potential Business Opportunities in Construction of New Towns

A Summarized Introduction to the 6 Key Towns in Beijing:The construction of new towns in Beijing means a cut-in point to the accelerated urbanization of rural areas in the suburbs of the City, and is a stimulus to the modernization of the rural areas and the urbanization of the capital city. In order to speed up the construction of towns in the suburbs,