考研

　　2016 考研英语阅读的学习，很多时候是通过考生平时一点一滴练习积累起来的。为此，文都网校特意在《经济学人》中节选了本段文章，希望对 2016考研的同学们有所帮助，切记在阅读的同时也不要忘记思考呦。

　　There have been some dramatic devaluations in history—think of sterling in 1967 and 1992, or Argentina in 2001/2. When currencies decline, they do so in a big way. China's devaluation of the yuan today is less than 2%, but it is also being treated as a major story. Robert Peston of the BBC says it is more significant than either the Greek crisis or if the Federal Reserve raised interest rates. The combination of falling commodity prices and weaker emerging markets is certainly a worry. 历史上有许多急剧的贬值。如，1967年和1992年的英镑，2001/02年的阿根廷比索。货币贬值一般是以惊天动地的方式完成。中国今天对人民币的贬值还不到2%，但是也在被当成是一个大事件来对待。BBC的Robert Peston的称，这比希腊危机或是美联储加息还要影响深远。大宗商品价格的持续下跌和新兴市场的日渐走弱当然是一个担忧。

　　Bears have predicted that a Chinese devaluation would send a new wave of deflation round the globe. It would force Asian competitors to respond with their own devaluations, reducing import prices in the developed world. This might lead to job losses in the west or reduced profit margins. But a 2% devaluation is neither here nor there. 空头已经预测，中国的贬值会给全球带来新一轮的贬值潮，会迫使亚洲竞争对手应之以自身货币的贬值，从而降低发达世界的进口价格。它可能还会导致西方工作的流失或是减少利润空间。但是，2%的贬值还到不了这个程度。

　　China is trying to juggle several balls at once; to move from an investment-led economy to a consumption-led model without letting growth slip too far, to rein in speculation in property and equities without damaging industry, to engage with markets without being hit by volatility, and to expand its financial sector without suffering the hot money flows that destabilised Asia in the late 1990s. It would be surprising if it didn't drop at least one ball. And its task is so complicated that it is bound to send out confusing signals every now and then. 中国正在一心多用：在不导致增长下滑太远的情况下，让经济模式从以投资为主导转向以消费为主导;在不重伤工业的情况下，控制房地产和证券市场的投机;在不遭遇波动性打击的情况下，参与市场;在不为曾导致上世纪90年代末期亚洲不稳定的热钱流动所伤的情况下，扩张金融部门。倘若这些目标没有一个失败，这才是令人吃惊的。而且，这些目标的复杂性决定了他们必定会间歇性地发出令人困惑的信号。

　　这篇文章涉及的一些财经类核心词汇是我们考研真题中经常出现的，例如：贬值devaluation;美联储the Federal Reserve;利率interest rates;大宗商品价格commodity prices;新兴市场emerging markets;利润空间profit margins;以消费为主导a consumption-led model;房地产和证券市场property and equities等等。