Sailing City ,Charming Qingdao
奥帆之都，魅力青岛
Qingdao is a quaint seaside city on the southern tip of the Shandong
青岛是一座位于山东半岛南端的美丽的海滨城市
peninsula. Covering an area of 10,654sq km, it has jurisdiction over
城市面积10654平方千米，其管辖范围有七个区，五个县级市
seven districts and five county-level cities,totaling a population of
总人口850万
8.5million.
With numerous historical sites and picturesque scenery,Qingdao is a
青岛是一个闻名的旅游胜地，因其无数的历史遗迹和如画般的景色，
well-known travel destination that attracts more than 40 million tourists each year. 每年吸引了超过四千万的旅客。
Qingdao is acknowledged as the Sailing City of China ,and was the host
作为中国的帆船之都，青岛举办了2008年北京奥运会的帆船项目和残奥会。
city for all sailing events during the 2008Beijing Olympic Games and Paralymic Games.
As a coastal city,Qingdao takes full advantage of its ports and oceanic
作为一个海滨城市，青岛充分利用了他的港口和海洋资源。
resources. The city’s economic aggregate remains at the forefront of
这座城市的经济总量保持在中国大中型城市的前沿。
China’s larger and medium-sized cities.Today ,Qingdao is renowned for
、 如今，不断增长的经济活力和竞争力
its booming（急速发展的，景气的） economic vitality, growing competitiveness as well as its praiseworthy soft power and beautiful beaches.
正如有值得赞扬的软实力和美丽的沙滩。
A praise worthy act 值得赞扬的行动。
Vitality 生命力，活力，生气
生动性，be full of vitality 充满生机
Chinese Enterprises Look to Africa
Project 工作，
In post -World Cup South Africa,the droning （谈，说，沉闷单调的谈话）of the vuvuzelas （？）has faded away and the crowds of spectators （旁观者，参观者） have dispersed（散开，驱散）, but the world’s attention to the continent has not waned（苍白的，微弱的）. Africa is now the promised land for entrepreneurs （企业家）and investors（投资商） across the world ,including China.
Disperse adj. – sb’s attention 使某人注意力分散
Higher Returns
A report by Mckinsey&Company shows that return on capital invested in Africa is 60 percent higher than for Asia, making the region the most lucrative（有力的，可获利的） spot（污点，地点，场所，认出，发现，弄脏） on earth for investors .
A lucrative investment 有利的投资
This finding is supported by the 2009 financial report of ZTE, a Chinese provider of telecommunications电信 equipment and network solutions. ZTE reported a gross profit rate of 53.51percent in China and 22.32percent in other Asian coutries.Its African revenue was RMB6.86 billion last year, representing 11.38percent of its core business.核心商业
ZTE first ventured into Africa in 1995, and has steadily expanded its presence there despite political ups and downs .Now 60 percent of its revenues come from outside China , and Africa is its second largest marker after Asia-Pacific.亚太
Huawei , another leading telecom company in China , made its African landfall in 1998.It has set up offices in a dozen African countries, and its total investment now tops US$1.5 billion(亿万)。It is one of the three largest telecom equipment providers on the African continent.
Chinese capital is conspicious（显而易见的，惹人注目的）1 in other sectors too. The Nigerian factory of Wenzhou Hanzan ,built in 2004, is now the largest shoe producer in Africa Cotton Development Ltd., an investment of US$190billion launched in 2009, is the largest China-funded agricultural project in Africa . On March 19 this year ,First Automobile Works (FAW)and China Africa Development Fund signed an agreement to pool US$100million for a production base in Africa , which will be the largest investment in the continent by China’s auto industry.
As a stimulus (刺激) for Chinese investment in Africa ,China has set up six trade and economic cooperation zones in five African countries including Zambia,Ethiopia（埃塞俄比亚） and Nigeria（尼日利亚）. They draw on the experience of the special economic zones that China created in the early years o f its reform and opening-up (改革开放)and are introducing China’s investment into Africa to incubate （孵化，孵卵，筹划） local processing and manufacturing industries.
China has also established the US$5billion China-Africa Development Fund ,assisting Chinese investment projects in Africa through shares purchase.
Earlier this year Commerce Minister Chen Deming told the media that Chinese investment in Africa has grown 20-fold in the past decade, from US$50million百万 in 2001 to US$1billion 【英德：万亿； 法美：十亿billionaire 亿万富翁】in 2009. He predicted great scope(范围，机会，眼界，射程，余地) for further increase.
According to Wei Jianguo, secretary general of the China Center for International Economic Exchange who worked in Africa for 20 years ,2,180 Chinese enterprises are doing business in Africa , getting involoved in approximately 8000 projects encompassing power stations , airports , ports , highways, hospitals , and wind farms . He agrees with the consensus of China’s business world that there is no time like the present to go there .
As Mr.Wei sees it, Chinese investors in Africa fall into three categories：First , state-owned companies and big private companies like Huawei(华为)， who mostly pursue engineering project contracts;second, manufactures who move production to the continent , attracted by lower tax rates and labor costs or to evade non-tariff bariers such as import/export quotas; and third ,various trades.
African countries are reacting positively and actively to the influx of Chinese money. Many cater to investors’ needs by cutting the red tape in the approval process, offering preferential tax rates and upgrading infrastructure. 先进的基础设施
Though growing fast , Chinese investment in Africa still lags far拉后 behind American and European investment .”The developed nations have a traditional stake in Africa . Many Western companies, part
icularly those dealing with resources , have been pouring money into the continent non-stop over the past decades. Shell,for instance, has operated branches in the Niger Delta for over half a century,” said Li Anshan, president of the Institute of AfroAsian Studies of Peking University .
Broad Business Scope
In 1995 a huge billboard was erected by the busy highway leading to Kenya’s famous Treetops National Reserve and Mt. Kenya, declaring to the millions of tourists passing by it every year . “Together we can beat malaria .” It is the pledge of Beijing Holley-Cotec Pharmaceuticals Co.,Ltd.
Back in 1993 Holley-Cotec president Lu Chunming commenced a one-man marketing tour across Kenya for the company’s artmension-based drug Cotecxin, visiting 2000 of the nation’s 2300 registered doctors in eight months . Gradually the antimalarial won approval from the local market and the world Health Organization for its clinical efficacy and safety .
After long years in Africa Lu Chu
nming concludes that it is tough to tap the African market , but the efforts are rewarding. “Mining is traditionally the prime industry in Africa . But there are many more opportunies besides , waiting for Chinese enterprises to discover them .”
Africa has deposits of all the 150 underground mineral resources determined on earth, the world’s largest reserves of 17 of those minerals , and significant deposits of 50- plus rare and precious kinds. Not surprisingly ,investment in the resources sector can yield high returns ,but it also faces high risks
This Month in History
The War to Resist US Aggression and Aid Korea was launched . After the
抵抗美帝和支援朝鲜的战争爆发了。Korean War (1950-1953) broke out , the U.S. sent troops to aid the South Koreans against the North.
美国派遣部队帮助韩国进攻朝鲜In the fighting American planes intruded into Chinese towns along the border .战争中，美国飞机入侵中国边界的城镇。At the same time it sent its Seventh Fleet into the Taiwan Straits. 同时派遣第七舰队进入台湾海峡。In face of these provocation and threats, Chinese troop under the name Chinese People’s Volunteer Army entered the peninsula .面对这些挑衅和威胁，中国军队组织了中国人民志愿军进入了朝鲜半岛。 They , hand in hand with the North’s Korean Peoplel’s Army , soon drove the U.S.back south of the 38th parallel , 他们于北朝相互合作，不久就将美国敢回38线以南。 the post –World War â two political demarcation line between South and North Korea . 38线是南北韩的政治分界线。In July 1953 the Korean War Armistice Agreement停战协议 was signed , putting an end to the war on the peninsula . In 1958 , the Chinese People’s Volunteer Army returned to China in a phased withdrawal.
1. conspicious adj. 显而易见的；明显的；惹人注目的 =apparent ,obvious
a conspicous mistake 明显的错误；
She is always conspicious because of her bright clothes.她衣着艳丽，总是惹人注目
Lesssons for Better City Living
The UBPA(Urban Best Practice Area ) of the 2010 Shanghai World Expo showcases case histories of urban living from around the world ,illustrating different approaches to issues of life and habitat . It brings together international knowledge and creativity in energy-efficient and low-carbon architecture, with classic examples that map the future direction of sustainable urban development.
Vincente Loscertales, secretary general of the Bureau of International Expositions,considers the introduction of a new participant , namely the city entity , as a great innovating step for the World Expo. He described the UBPA’s consolidation of experience ,practical alternatives and achivements as a great pioneering undertaking , one that would inspire other cities to greater efforts in construction and management . “The Urban Best Practices Area of the Expo will allow visitors to see the most exemplary urban initiatives proposed by the world’s leading cities in a single visit,” he said. In this sense the UBPA might be called a “Mini-Expo” in its own right .
The UBPA provides different international perspectives on achieving low-carbon living and the integration of urbanization and nature . There are lessons to be learned by all who aspire to use the city as a way to a better life.
Auto Sales Soar,Quality and Service Decline
Auto sales in China remained the world’s largest in the first half of this year. Accompanying this marketing feat are record complaint levels about product quality and after –sales service.
According to a report co-authored by the China Association for Quality and the Automabile Institute of Tsinghua University , 7000cases of quality and service disputes were filed in the first half of 2010 , a rise of 56 percent over the same period last year ,Of those ,80percent were about vehicles less than one year old , and 60 percent about those purchased in the previous six months .
Most- cited reasons for auto buyers’ discontent include dealers and manufacturers shirking responsibility by passing the buck between them , lack of credible , independent quality assessment organizations , inflating maintenance costs , and concealing facts from buyers.
The government has extended current incentives for the automobile market into 2010 , fueling continuous growth in sales , which are nevertheless slower than last year . Auto production and sales reached 10.21million and 10.26 million respectively between January and July , up 43.46 and 42.65percent. However , they were both five percent below the rates of the second half of 2009, and output and sales for July dipped 7.45 and 11.9 percent respectively below those of June.
CHINA TODAY ISSN 1003-0905
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