China is setting to overtake Japan as the world’s second-largest economy behind the U.S. this year. Despite its fast growth over the past three decades, China remains a developing economy. Economists have so far described China’s overtaking of Japan as "just symbolic". Early Monday, the Japanese government estimated its gross domestic product (GDP) at $1.286 trillion (8.74 trillion yuan) in the April-to-June quarter, compared to China’s $1. 335 trillion. China has surpassed Japan in quarterly GDP figures before, but this time it is unlikely to be a temporary switch. China is growing at about 10 percent a year, while Japan is forecast to grow at 2 to 3 percent this year. Despite emerging as an economic power, China remains far behind many countries if per capita GDP is taken into account. In 2009, China reported a per capita GDP of $3, 687, as compared to $ 37,800 for Japan and $ 46,436 for the U. S.. As a result, Kyohei Morita, chief economist at Barclays Capital in Tokyo, described China’s overtaking of Japan as "Just symbolic--nothing more than that." Commenting on the situation, a New York Times report said China is "a country burdened with a fifth of the world’s population and insufficient resources. Its per capita income is more on a par with those of impoverished nations like Algeria and Albania." Cui Peng at CBN Weekly wrote that "there’s no reason to get excited just because China has surpassed Japan in GDP". By way of explanation, he compared GDP to a company’s turnover. "A high turnover doesn’t always bring high profits; the high costs behind the turnover might make the company lose money," he explained. Also, China is still facing domestic problems like poverty and a widening wealth gap. "China is a developing country. The quality of China’s economic development still needs to be raised. It needs more effort to improve economic quality and people’s lives," said Yao Jian, Commerce Ministry spokesman, on Tuesday. It was the government’s first public reaction to the news. Why have economists described China’s overtaking of Japan as "just symbolic"
A. Because according to GDP, China is still behind the U. S..
Because China reported a per capita GDP of $ 3,687 in 2009.
C. Because China has been the second-largest economy, but per capita GDP is rather low.
D. Because China is burdened with a fifth of the world’s population.
Conversational EnglishBy Anthony Adams "Conversational English" is chiefly meant for intermediate (中级) level students. It aims at training the students’ ability to hear and speak English. The book consists of two volumes, each of which is made up of 16 lessons. Included in the first volume (册) are topics dealing with school life, social activities, family affairs, etc. The second volume treats various subjects, including social problems, politics, history, geography and other things. Each lesson contains the following items: 1. Dialogues; 2. Material for Listening Comprehension; 3. New Words and Expressions; 4. Notes and A Series of Explanations; 5. Additional Vocabulary; 6. Exercises.Book Ⅰ Available nowBook Ⅱ Ready in AprilEach book: xx RMB Teacher’s Book (free) In the process of preparing Published by: The Commercial Press (商务印书馆), Beijing, China Distributed by: The Xinhua Bookstore, P.O. BOX x x x, Beijing, ChinaAdvertisement of a Publication Name of the series: (46) Intended for: students at (47) Total lessons in two volumes: (48) Contents contained in each lesson: 1) (49) 2) Material for Listening Comprehension 3) Exercises, etc. Free copy: (50)
Report on a Task Date of report: December 12, 2005To the board of directors: After a year’s preparation, the new school of our company has been put into operation this year. Though it is a newly established school, the running of the school is smooth under the efforts of all teachers and students of a school. This term the in-take of fresh students reached 400, just as we first planned, which is very successful considering the fact that it is just the beginning of a new school. And under the leadership of the city educational committee, we have set up a complete set of school rules. The operation of the school is now on a smooth way. William Hoover School Headmaster How is the school in operation at present The school is now running ______.