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.
2017届高考英语一轮复习话题作文写作词汇素材:附录3 写作常用的4组高级写作词汇(新人教版)
2017届高考英语一轮语法复习练:第1讲 冠词(新人教版含解析)
2017届高考英语一轮复习滚动测试:5(牛津译林版含解析)
2017届高考英语一轮复习学通语法课件:第11讲 非谓语动词(新人教版)
体坛英语资讯:FC Bayern Munich to set up full-time football school in southern China
2017届高考英语一轮复习学通语法课件:第1讲 冠 词(新人教版)
2017届高考英语一轮语法复习练:第3讲 介词与介词短语(新人教版含解析)
2017届高考英语一轮复习话题晨背课件:附录二 高考常考的80个熟词新义(新人教版)
国际英语资讯:Trump signs executive orders to ramp up trade enforcement
2017届高考英语一轮复习滚动测试:4(牛津译林版含解析)
国内英语资讯:China opposes Indias invitation of Dalai Lama to visit disputed areas
2017届高考英语一轮复习话题晨背课件:附录四 162个动词的不规则变化表(新人教版)
国际英语资讯:Tusk reiterates no punitive approach to Brexit
2017届高考英语一轮循环写作周周练:第16周 (半)开放作文(新人教版含解析)
国际英语资讯:Greek FinMin presents new tool to combat tax evasion
2017届高考英语一轮语法复习练:第4讲 定语从句(新人教版含解析)
2017届高考英语一轮复习滚动测试:3(牛津译林版含解析)
国内英语资讯:Chinese leadership calls for greater poverty relief effort
2017届高考英语一轮语法复习练:第11讲 非谓语动词(新人教版含解析)
2017届高考英语一轮语法复习练:第6讲 并列句和状语从句(新人教版含解析)
2017届高考英语一轮语法复习练:第8讲 名词和主谓一致(新人教版含解析)
2017届高考英语一轮复习话题作文写作词汇素材:附录5 高考作文常用的8类谚语(新人教版)
国内英语资讯:China calls for more cooperation with Serbia within 16+1 framework
国际英语资讯:Myanmar begins parliamentary by-elections to fill vacant seats
2017届高考英语一轮复习话题作文写作词汇素材:附录2 高考常考的80个熟词新义(新人教版)
2017届高考英语一轮语法复习练:第7讲 特殊句式(新人教版含解析)
国内英语资讯:China commemorates 100th anniversary of late procurator-generals birth
2017届高考英语一轮复习学通语法课件:第8讲 名词和主谓一致(新人教版)
2017届高考英语一轮语法复习练:第10讲 动词的时态和语态(新人教版含解析)
体坛英语资讯:Europe set for three extra slots in expanded World Cup
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |