Here is the podcast, I listened:
BBC Daily World News Service / 28.05.2010 /
I had listened only the first part of the podcast, three times. As usual, there had been some unclear words an phrases, whic I faced while listening to this podcast. Even there had been unclear words, that I hadn't been able to understand at all.On the whole, the given problems is too interesting and really actual. And it worth reading and treating.
So, as for me this article will interest you, too.
Though China could survive in the crisis, some countries of the Eurozone haven't survived yet. And the Euro crisis makes particular problems in economic life of both China and the EU. As the EU is the China's biggest trading partner, in China businesses are troubled by the problems in the Eurozone. As for some businessmen, the main problem is the deficit of demand in Europe, for the exported goods. Some companies are seriously affected by the problems in the EU, and some others are still fighting against the results of the financial crisis. At the result, during this period, profits of most companies have come down. The reason, why most Chinese companies face disadvantage, is the economic situation in the big European countries, such as, France, Germany and Netherlands. Because, the countries, mentioned above, are the main consumers of the chinese companies.
But in fact, most business operations are run in US dollars, that's why, the Euro crisis hasn't been able to damage the Chinese economy.
On other hand, in spite of everything, the Euro crisis doesn't affect the effort of the central European nations th join the single currency blog - the Euro. The question is, why the countries still want to join the Euro!? Specialists explain this situation, so: "It's a right choice for small economies to be within Eurozone, since common monetary policy should help the countries in long term perspectives.
Thank you for attention!
No comments:
Post a Comment