2020年关于时事的英文作文

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1、关于时事的英文作文 篇一:时事英语短文 Obama:EconomyMayBeaJobforMorethanOnePresident Problemswiththeeconomyhavebeenbuildingfordecades,PresidentBarackObamatoldCBSprogram60MinutesinaninterviewsettoairSunday,Dec.11. Ivealwaysbelievedthatthiswasalongtermproject,thepresidentsaid.Reversingstructuralproblemsinoureconomythath

2、adbeenbuildingupfortwodecades,thatwasgoingtotaketime. Obamawasaskedwhetherheunderstoodthedifficultiesofimprovingtheeconomywhenhetookofficein. Itwasgoingtotakemorethanayear.Itwasgoingtotakemorethantwoyears.Itwasgoingtotakemorethanoneterm.Probablytakesmorethanonepresident,Obamatoldhisinterviewer. Obam

3、asaidheunderstoodthefrustrationsofAmericansstrugglingintodayseconomy,butparedhimselftoacaptainofashipinabadstorm. Nomatterhowwellweresteeringtheship,iftheboatsrockingbackandforthandpeoplearegettingsickand.theyrebeingbuffetedbythewindsandtherain,Obamasaid. Peoplearegoingtosay,YouknowwhatAgoodcaptainw

4、ouldhavehadusinsomesmoothwatersandsunnyskies,atthispoint.AndIdontcontroltheweather,thepresidentadded. Chinesesovereigndebtbondsthattie: JapanwantstobuyChinesegovernmentbonds INTHEautumnof,whenhewasJapansfinanceminister,YoshihikoNodadecrieditasstrangethatChinahadboughtupasmuchas¥2.3trillion(then$25.5

5、billion)inJapanesegovernmentbondswhileitsowndebtwasofflimitstooutsiders.Nowprimeminister,MrNodaisredressingthebalance.AtasummitinBeijingonDecember25ththetwocountriesannouncedanagreementtoletJapanbuyChinesesovereigndebt.Nosumortimetablewasdisclosed,thoughJapanesenewsmediareportedtheamountwillreach$10

6、billiononceChinaapprovesJapansapplication. Bothcountriessaytheagreementsymbolisesthegrowingimportanceoftheireconomicties,whichhavelongbeenwarmerthantheirdiplomaticones.ChinaisJapanslargesttradingpartner;JapancountsasChinasbiggestafterAmerica.Butthedealmayalsobeasignal.OfficialsinTokyofretthatChinasp

7、urchasesofJapanesebondsfueltheyensappreciation.BynegotiatingforapprovaltoownChinesedebt,JapancanregisteritsdisfortwithChinas actionsandgainsomeinfluenceofitsown. Japanwillnotsimplybeabletobuywhateveritlikes,however.Chinaseemshappyforforeigncentralbankstoholdlimitedamountsofitsbondsasanotherstepinthe

8、internationalisationoftheyuan.Malaysiareportedlyalreadyenjoystheprivilege,amongothers;JapanissettobethefirstG7countrytodoso.ButChinawillnotdoanythingtopromiseitscontroloftheexchangerate.FredBergstenatthePetersonInstituteforInternationalEconomics,athinktankinWashington,DC,oncearguedthatAmericashouldd

9、ispensewiththenicetiesandexertupwardpressureontheChinesecurrencyviatheoffshoremarketinstead.HeadvisedAmericatobuyinstrumentssuchastheyuandenominateddimsumbondsnowonofferinHongKong.Quitewhateffectthatwouldhaveontheexchangerateisunclear,butthemessagewouldbeunmistakable. TheGreatWallofDebt Thatstheword

10、outofChinathismorning,accordingtoratingsagencyMoodys. Localgovernmentdebtcouldbe3.5trillionrenminbi($540billion)largerthanfirstthought,atroublingnumberthatcouldexposeChinesebankstodeeperlossesthatcouldeventuallythreatentheircreditratings,Moodyssays. ItpointstoBankofChinaandChinaCiticBankastwobanksth

11、atpursuedparticularlyaggressivelendingstrategiesin,whenChinesebankswentonalendingtear. Banksexposuretolocalgovernmentborrowersisgreaterthanweanticipated,YvonneZhang,aMoodysanalyst,saidinastatementpublishedbyReuters. Thebiggestworry Slowereconomicgrowthintheworldssecondlargesteconomycouldtriggeraroun

12、dofloandefaults,hobblingChinasbankingsystemandunnervingglobalmarketsand,ofcourse,addingmoreproblemstothefragileglobaleconomy.MoodysisurgingBeijingtoeupwithaclearmasterplantofixtheproblem. ThisisntthefirstwarningaboutChinasbankingsystem. AsreportedbyGlobalPostsDavidCasebackinJanuary,FitchRatingslatel

13、astyearissuedatroublingreportonthesector. HereshowCaseputit: ExpertsarewarningthatChinasredhoteconomyiscatchingacontagionofitsown.Thecountryisincreasinglyawashinrunawayloans,adevelopmentthatcouldhaveseriousimplicationsforChinaandtheglobaleconomy. ThesituationhasbeesoprecariousthatFitchRatings,agloba

14、lcredit analysisfirm,issuedareportlastmonthrevealingalitanyofmessybankingpracticesassociatedwithaggressiveChineseloanmaking.ThereportstatedthatthesepracticesinvolvingtransferringloansoffofbanksbooksconstitutethemostdisconcertingtrendFitchhasobservedinChinasbankingsectorinrecentyears. Theproblemispli

15、catedbyChinassocialistmarketapproachtotweakingitseconomy. Insteadofusinginterestratesasthebrakeandgaspedalofeconomicgrowth,Beijingregulatesitseconomybyuppingordecreasingtheamountofloansthatbankscanissue. Thatsfinewhenitworks.Butitsalsoariskystrategy,particularlywhentransparencyisdifficulttoeby,asisoftenthecaseinChina. So,clearly,thesituationbearsclosewatchingasbothMoodysandFitchindicate. TopTenBestSellingBiographies Someofthebestrecentbiographiesarelistedonthispage.ThesewerefoundonthetopbiographieslistatAmazon.

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