Asias dueling financial hubs invest a lot of capitalreal and emotionalin whats often cast as a zero-sum contest for the affection of foreign companies. Yet both cities have done so well wooing them of late that the major threat facing each isnt the other, but bottlenecks in the foreign infrastructure common to both. High-end housing costs are pushing past records set before the 1997-98 Asian financial crisis, prompting Singapores founding father, Lee Kuan Yew, to lament, We must check this hike in rents or we will lose our competitiveness.
Talent is getting tougher to find as both economies near full employment. Office rents are driving even the richest investment banks to seek cheaper alternatives to prime downtown addresses. And as both cities increase their populations by luring hundreds of thousands of additional outsiders over the coming decade, locals are getting squeezed. There may be a political cost if Singaporeans feel priced out by foreigners, warns Charles Chong, head of a parliamentary committee on national development in Singapore.
Both cities are, in a sense, victims of their success. Each ranks among the most efficient spots on the planet to register new businesses. They boast world-class banking, accounting and legal services, undergirded by respect for contracts and commercial codes not found in the rest of Asia. In a region awash in cash from record trade surpluses, Chinese expansion and a flood of new stock listings, the cities have posted incredible GDP growth numbers of late6.8 percent and 7.9 percent for Hong Kong and Singapore, respectively, last year.
Given that local fertility rates are falling, both hubs hope to continue to fuel that boom via immigration. Singapores Minister for National Development Mah Bow Tan expects the city-states population to hit 6.5 million by 2027, up 2 million from todaywhich implies a yearly influx of 100,000 foreigners over the next two decades. Hong Kong Chief Executive Donald Tsang has said he envisions his citys population eventually surpassing 10 milliona 30 percent increase from todays totalthanks to an injection of new blood from all nationalities. As the hubs grow more receptive to outsiders, new factors are ensuring that immigrants arrive in large numbers. Whereas globalization was once confined to big multinationals, todays expatriates work disproportionately for smaller-and medium-size companies. Nor are they predominantly European or North America anymore; China, India and South Korea are just three of the many countries now sending professionals abroad.
46. Foreigners in Hong Kong begin to sweat because _______.
[A] the real-estate market is cooling down.
[B] they cannot afford childrens tuition fee at international schools.
[C] the city is over-populated.
[D] the hiking rents are making life tougher.
47. We learn from the second paragraph that _______.
[A] Hong Kong and Singapore consider each other as competitors.
[B] both the two cities should not import foreigners.
[C] the two cities share no common problem.
[D] Lee Kuan Yews comment shows that hes optimistic.
48. According to the text, local people in the two cities _______.
[A] do not welcome overseas talents.
[B] are facing worse living conditions.
[C] are unsatisfied with the government.
[D] are in full employment.
49. Which of the following is NOT the reason of the regions abundance of capital?
[A] efficiency of business registration
[B] Chinas development
[C] booming stock market
[D] benefit from trade
50. We can draw a conclusion from the last paragraph that _______.
[A] the conflict between population and rent in the two cities might be more serious.
[B] most of the foreigners work in big multinational companies.
[C] both cities will adopt measures to control population.
[D] the influx of foreigners can damage local economy.
上一篇: 四级复习资料大全阅读(46)
下一篇: 四级复习资料大全阅读(12)
2016春外研社版英语三下Module 4 Unit 1《Do you like meat》word教案
2016春外研社版英语六下Module 1 Unit 1《I want a hot dog, please》word教案
2016春外研版(三起)五下Module 5 Unit 1《It’s big and light》word教案
2016春外研版(三起)五下Module 4 Unit 2《We can find information from books and CDs》word教案
2016春外研社版英语三下Module 5 Unit 2《Does your mum go to work on Saturday》word教案
2016春外研社版英语三下Module 6 Unit 2《What does Lingling have at school》word教案
2016春外研版(三起)五下Module 2 Unit 1《She learnt English》word教案
[2013秋]外研版(三起)三上《Unit 2 What’s that》ppt课件1
2016春外研社版英语六下Module 3 Unit 2《The cows are drinking water》word教案
[2013秋]外研版(三起)三上《Unit 2 What’s that》ppt课件
2016春外研版(三起)六下Module 8 Unit 1《Why do you have cups on your heads》word教案
2016春外研社版英语三下Module 6 Unit 1《What do you do on Sunday》word教案
2016春外研社版英语三下Module 4 Unit 2《Does Lingling like oranges》word教案
2016春外研版(三起)五下Module 1 Unit 1《We lived in a small house》word教案
[2013秋]外研版(三起)三上《Unit 1 Happy birthday!》ppt课件
2016春外研社版英语六下Module 2 Unit 1《When are we going to eat 》word教案
2016春外研版(三起)六下Module 9 Unit 2《Wishing you happiness every day》word教案
2016春外研社版英语六下Module 3 Unit 1《The sun is shining》word教案
2016春外研版(三起)五下Module 4 Unit 1《Let’s make a home library》word教案
2016春外研社版英语三下Module 5 Unit 1《She goes to school on Mondays》word教案
2016春外研版(三起)六下Module 7 Unit 2《She couldn’t see or hear》word教学设计
2016春外研社版英语六下Module 4 Unit 1《The balloons are flying away》word教案
2016春外研社版英语六下Module 1 Unit 2《What do you want to eat》word教案
2014秋外研版(三起)三上Module 10《Unit 1 This is his head》ppt课件4
2016春外研版(三起)五下Module 10 Unit 1《Where are you going to go》word教案
2016春外研版(三起)五下Module 5 Unit 2《It’s too big for you》word教案
2016春外研版(三起)五下Module 3 Unit 2《Sam ate six hamburgers》word教案
2016春外研社版英语三下Module 3 Unit 2《I don’t like riding my bike》word教案
2014秋外研版(三起)三上Module 10《Unit 1 This is his head》ppt课件1
2016春外研版(三起)六下Module 9 Unit 1《Best wishes to you》word教案