VOA慢速英语2012 Economics Report - A New China-Taiwan Agreement Protects Investors

 

Economics Report - A New China-Taiwan Agreement Protects Investors²

This is the VOA Special English Economics Report.

China and Taiwan may disagree on political issues. But on Thursday they reached an agreement to protect investors. The agreement is important because China and Taiwan do not have diplomatic relations. China claims Taiwan as its territory. But Taiwan has been self-governing since nineteen forty-nine.

The sides agreed to open new industries to investment and to inform the other within twenty-four hours if an investor¹ is arrested. Talks on the deal have lasted two years. But they have been slowed because of the different legal systems in the two areas.

Chinese negotiator Chen Yunlin and Chiang Pin-kung of Taiwan signed the agreements in Taipei. They set up a way to negotiate, or an arbitration³ mechanism⁴. The deal also will open new areas of business and industry to investment.

Chinese interests had held back investment because of fears of a change in Taiwan’s government.

Market experts expect Chinese investors to buy shares of Taiwanese companies listed on Taiwan’s stock exchange. Experts think high-technology and travel industries will receive a lot of investment over the short term.

Taiwanese share prices are considered undervalued although companies are doing well. Jack⁵ Huang is a lawyer in Taipei. He says China will buy stocks and seek partnerships⁶ with Taiwanese companies, especially in technology.

JACK HUANG ACT IN ENGLISH: “Quite a bit of the investment dollars, either from the Chinese companies or from the Chinese government wealth fund, they will find a decent percentage of that include Taiwan stocks. All things considered, Taiwan stocks are undervalued, Taiwan companies are fundamentally sound.”

Taiwan’s economy is over four hundred thirty billion dollars. Taiwan permits Chinese investors to buy directly into Taiwanese companies in two hundred forty-seven industries. They can also buy up to a ten percent share in most companies.

Experts in Taiwan say China wants to invest in the island to support efforts at political reunification. The Nationalist Party, or KMT, of Chiang Kai-shek went to Taiwan at the end of the country’s civil war in the nineteen forties.

Today, Taiwan has several political parties. The main opposition⁷ party held power for eight years starting in two thousand. President Ma Ying-jeou of the KMT has sought closer economic ties with the mainland. In twenty-ten, China invested one billion dollars in Taiwan in 2010 after a deal that year reduced tax rates.

And that's the VOA Special English Economics Report. For transcripts⁸, MP3s and now PDFs of our programs for e-readers, go to www.voanews.cn. I’m Mario Ritter.

1 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 arbitration   

n.调停，仲裁

参考例句：

• The wage disagreement is under arbitration.工资纠纷正在仲裁中。
• Both sides have agreed that the arbitration will be binding.双方都赞同仲裁具有约束力。

4 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

5 jack   

n.插座，千斤顶，男人；v.抬起，提醒，扛举；n.（Jake）杰克

参考例句：

• I am looking for the headphone jack.我正在找寻头戴式耳机插孔。
• He lifted the car with a jack to change the flat tyre.他用千斤顶把车顶起来换下瘪轮胎。

6 partnerships   

n.伙伴关系( partnership的名词复数 )；合伙人身份；合作关系

参考例句：

• Partnerships suffer another major disadvantage: decision-making is shared. 合伙企业的另一主要缺点是决定要由大家来作。 来自英汉非文学 - 政府文件
• It involved selling off limited partnerships. 它涉及到售出有限的合伙权。 来自辞典例句

7 opposition   

n.反对，敌对

参考例句：

• The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
• The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。

8 transcripts   

n.抄本（ transcript的名词复数 ）；转写本；文字本；副本

参考例句：

• Like mRNA, both tRNA and rRNA are transcripts of chromosomal DNA. tRNA及rRNA同mRNA一样，都是染色体DNA的转录产物。 来自辞典例句
• You can't take the transfer students'exam without your transcripts. 没有成绩证明书，你就不能参加转学考试。 来自辞典例句