外刊经贸知识选读2009年4月真题试题及答案解析(00096)

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8

Passage 2

It’s a brutal time in retail-sales dropped 2. 7% in December, the sixth straight month of declines, and 0. 1% for 2008, the first annual dip on government records dating back to 1992. It was the worst holiday shopping season in 40 years. Name outlets like Circuit City and Linens’ n Things have gone bankrupt. Who’s next? Predicting which companies will go under is a notoriously tricky business, and we won’t try that. But here are five struggling retailers whose futures are definitely cloudy, with a look at how they hope to survive.Talbots, the specialty clothing retailer, which targets women over 35, has run out of steam over the past year. Talbots’ same-store sales were down 13.9% in the third quarter of 2008, and the chain lost $14.8 million during that time. The company’s ill-fated $400 million purchase of women’s apparel shop J. Jill in 2006 burdened its debt load. “What’s hurting them more than anything is that they’ve got lots of debt on their balance sheet,” says Betty Chen, a retail analyst at Wedbush Morgan Securities. Talbots has shuttered its men’s, kids and U.K. businesses, and is shopping for a buyer for J. Jill. Good luck finding one in today’s market. Earlier this month, investors received some encouragement when the company secured a $150 million credit line from three Japanese banks. In 2008 Talbots also secured a $50 million credit facility from Aeon (U.S.A.) Inc., a wholly owned subsidiary of Japan’s Aeon Co. Ltd. and the majority shareholder of Talbots.

The Circuit City and Linens’n Things are very famous chain stores in America before they went bankrupt.

11

passage 2

Computerized data storage and electronic mail were to have heralded the paperless office. But, contrary to expectations, paper consumption throughout the world shows no sign of abating. In fact, consumption, especially of printing and writing papers, continues to increase. World demand for paper and board is now expected to grow faster than the general economic growth in the next 15 years. Strong demand will be underpinned by the growing industrialization of South-East Asia, the reemergence of paper packaging, greater use of facsimile machines and photocopies, and the popularity of direct-mail advertising. It is possible that by 2007, world paper and board demand will reach 455 million tons, compared with 241 million tons in 1991.The pulp and paper industry has not been badly affected by the electronic technologies that promised a paperless society. But what has radically altered the industry’s structure is pressure from another front-a more environmentally conscious society driving an irreversible move towards cleaner industrial production. The environmental consequences of antiquated pulp mill practices and technologies had marked this industry as one in need of reform. Graphic descriptions of deformed fish and thinning populations, particularly in the Baltic Sea where old pulp mills had discharged untreated effluent for 100 years, have disturbed the international community.Until the 1950s, it was common for pulp mills and other industries to discharge untreated effluent into rivers and seas. The environmental effects were at the time either not understood, or regarded as an acceptable cost of economic prosperity in an increasingly import-oriented world economy. But greater environmental awareness has spurred a fundamental change in attitude in the community, in movement and in industry itself.Since the early 1980s, most of the world-scale pulp mills in the Scandinavia and North America have modernized their operations, outlaying substantial amounts to improve production methods. Changes in mill design and processes have been aimed at minimizing the environmental effects of effluent discharge while at the same time producing pulp with the whiteness and strength demanded by the international market. The environmental impetus is taking this industry even further, with the focus now on developing processes that may even eliminate waste-water discharges. But the ghost of the old mills continues face a flood of environment-related legislation. In Germany, companies are now being held responsible for the waste they create.

39、What has the pulp and paper industry been greatly affected by these days?

40、In the past, what was the probable price that the environmental effects of pulp mill practices had to pay?

41、Why have some paper mills recently modernized their mill design?

12

Passage 1

The International Monetary Fund recently forecast that East Asia is set to continue its economic boom for the next few years. Yet Sony announced that it will no longer export television sets from Japan because it cannot price them competitively.Listen to Sony. Even in a growing market such as Asia, costs count. And for many businesses, Asia is beginning to cost too much.East Asia’s economic miracle is best summed up as the biggest price undercut in history. The region grew because it was the cheapest source for the low-technology consumer goods that the West craved. Hong Kong and South Korea did not invent new or more efficient manufacturing techniques; they simply bought market share with low wages.But the same market force that led buyers from America and Europe to Taiwan and Japan 30 years ago is now working against Asian nations as they try to upgrade their industries. Years ago, an Asian factory turning out shirts was competing against huge, unionized factories in North Carolina and Manchester. Today, a shirt-maker in south China has to compete with 100 other guys in his own country, 20 factories in India, 5 in the Philippines and reinvigorated and highly efficient new plants in the U.S and Europe.Sony, Hewlett-Packard and Ford need a competitive business environment that is based on more than cheap pairs of hands. In much of East Asia, inadequate roads, seaports and airports, telecommunications and other infrastructure, high rents, shortage of managers and skilled technicians, corruption and, above all, government interference are now the deciding factors when multinational corporations choose to keep production in North America or Europe rather than switch it to Asia.Every day, I see costs placing Asian nations at a disadvantage compared with their “cheaper” Western competitors. In shipping, for instance, terminal expenses in Japan and Hong Kong are two or three times higher than those of the U.S.A.’s busiest West coast ports. To truck a container 100 miles down from southern China to Hong Kong costs more than to ship the same container from the United States or Europe to Hong Kong.

The author suggests that businesses should pay more attention to Sony’s decision for the simple reason that Sony’s idea actually represents that of the Japanese manufacturers.

33

The property will be sold to pay off their (creditors).

  • A.owners
  • B.borrowers
  • C.loaners
  • D.believers
35

The new trade agreement has (facilitated) economic growth.

  • A.made easier
  • B.made slower
  • C.made more difficult
  • D.made more complicated
36

Speculators profited handsomely since the price (fluctuated) from the 1990s.

  • A.was stable
  • B.was flexible
  • C.was volatile
  • D.was regular
37

It is an area in which ABC Company reigns (supreme).

  • A.rapidest
  • B.most famous
  • C.highest in rank or position
  • D.deepest
40

Small manufacturers serving (niche markets) and wealthy customers are proving recession proof.

  • A.mainstream markets
  • B.large-scale markets
  • C.targetable markets
  • D.current markets
44

The consumers welcomed the (slash) in meat prices.

  • A.remarkable drop
  • B.obvious division
  • C.vigorous growth
  • D.apparent rise