Great ideas can 【languish】 in our mind if we don't spend time reflecting and digesting the messages we got during the past projects.

The 【emergence】 of Feminine Economy promotes the development of feminine tourist market.

One official who is well aware of the confusion 【afflicting】 both local authorities and foreign investors is Jing Shuping, president of China International Economic Consultants Inc.

Passage 1The global economy is set for a year of recession and then low growth until 2012, economists at the World Economic Forum in Davos have said. They also warned that the downturn could persuade politicians to introduce trade barriers and steer investments only into their own economies. This would harm developing countries mostly. Meanwhile,they are growing calls for better financial sector regulation. Speaking at a panel taking stock of the state of the economy, Stephen Roach, Chairman of Morgan Stanley Asia and long-time prophet of the economic downturn, said one could not "overestimate the dangers the world economy faces in 2009.”The global economy was likely to shrink this year for the first time since World War II, he said, and nobody on the panel or in the audience was prepared to contradict him. The general gloom was echoed by the IMF, which has predicted that world economic growth will fall to just 0.5% this year, its lowest rate for 60 years. Justin Yifu Lin, senior vice presiden at the World Bank, said there were "lots of downside risks; the current projection is protracted recession and we have not reached the bottom yet"Demand from U. S. consumers, for many years the main driver of global growth, was in steep decline, and while on the supply-side China had seen its economy shrink during the last quarter of 2008. Indeed, wherever one goes in the congress centre in Davos, pessimism pervades all conversation-although one participant counseled that "irrational exuberance has been replaced by irrational despair".The biggest concern of all panelists, however, was the risk that the downturn could herald a return to protectionism. This being Davos, the majority of participants are proponents of free trade, but it was striking that the representatives from developing and emerging economies were particularly worried about rising trade barriers. Panelists warned not just about the threat to free trade, but also the danger that Western governments could steer their nationalized or recapitalized banks towards investing only at home.However, government spending alone was not enough to solve the problem.Monetary policy and a coordinated global regulatory framework were keys to getting the global economy back on track.16.It is probably that the economic recession could result in trade protectionism and barriers among different countries.

Passage 1The global economy is set for a year of recession and then low growth until 2012, economists at the World Economic Forum in Davos have said. They also warned that the downturn could persuade politicians to introduce trade barriers and steer investments only into their own economies. This would harm developing countries mostly. Meanwhile,they are growing calls for better financial sector regulation. Speaking at a panel taking stock of the state of the economy, Stephen Roach, Chairman of Morgan Stanley Asia and long-time prophet of the economic downturn, said one could not "overestimate the dangers the world economy faces in 2009.”The global economy was likely to shrink this year for the first time since World War II, he said, and nobody on the panel or in the audience was prepared to contradict him. The general gloom was echoed by the IMF, which has predicted that world economic growth will fall to just 0.5% this year, its lowest rate for 60 years. Justin Yifu Lin, senior vice presiden at the World Bank, said there were "lots of downside risks; the current projection is protracted recession and we have not reached the bottom yet"Demand from U. S. consumers, for many years the main driver of global growth, was in steep decline, and while on the supply-side China had seen its economy shrink during the last quarter of 2008. Indeed, wherever one goes in the congress centre in Davos, pessimism pervades all conversation-although one participant counseled that "irrational exuberance has been replaced by irrational despair".The biggest concern of all panelists, however, was the risk that the downturn could herald a return to protectionism. This being Davos, the majority of participants are proponents of free trade, but it was striking that the representatives from developing and emerging economies were particularly worried about rising trade barriers. Panelists warned not just about the threat to free trade, but also the danger that Western governments could steer their nationalized or recapitalized banks towards investing only at home.However, government spending alone was not enough to solve the problem.Monetary policy and a coordinated global regulatory framework were keys to getting the global economy back on track.17.Panelists and audience in the World Economic Forum in Davos don't agree that the year 2009 shrinks for the first time since World War II.

Passage 1The global economy is set for a year of recession and then low growth until 2012, economists at the World Economic Forum in Davos have said. They also warned that the downturn could persuade politicians to introduce trade barriers and steer investments only into their own economies. This would harm developing countries mostly. Meanwhile,they are growing calls for better financial sector regulation. Speaking at a panel taking stock of the state of the economy, Stephen Roach, Chairman of Morgan Stanley Asia and long-time prophet of the economic downturn, said one could not "overestimate the dangers the world economy faces in 2009.”The global economy was likely to shrink this year for the first time since World War II, he said, and nobody on the panel or in the audience was prepared to contradict him. The general gloom was echoed by the IMF, which has predicted that world economic growth will fall to just 0.5% this year, its lowest rate for 60 years. Justin Yifu Lin, senior vice presiden at the World Bank, said there were "lots of downside risks; the current projection is protracted recession and we have not reached the bottom yet"Demand from U. S. consumers, for many years the main driver of global growth, was in steep decline, and while on the supply-side China had seen its economy shrink during the last quarter of 2008. Indeed, wherever one goes in the congress centre in Davos, pessimism pervades all conversation-although one participant counseled that "irrational exuberance has been replaced by irrational despair".The biggest concern of all panelists, however, was the risk that the downturn could herald a return to protectionism. This being Davos, the majority of participants are proponents of free trade, but it was striking that the representatives from developing and emerging economies were particularly worried about rising trade barriers. Panelists warned not just about the threat to free trade, but also the danger that Western governments could steer their nationalized or recapitalized banks towards investing only at home.However, government spending alone was not enough to solve the problem.Monetary policy and a coordinated global regulatory framework were keys to getting the global economy back on track.18.According to Justin Yifu Lin, senior vice president at the World Bank, the economic recession has reached the bottom.

Passage 1The global economy is set for a year of recession and then low growth until 2012, economists at the World Economic Forum in Davos have said. They also warned that the downturn could persuade politicians to introduce trade barriers and steer investments only into their own economies. This would harm developing countries mostly. Meanwhile,they are growing calls for better financial sector regulation. Speaking at a panel taking stock of the state of the economy, Stephen Roach, Chairman of Morgan Stanley Asia and long-time prophet of the economic downturn, said one could not "overestimate the dangers the world economy faces in 2009.”The global economy was likely to shrink this year for the first time since World War II, he said, and nobody on the panel or in the audience was prepared to contradict him. The general gloom was echoed by the IMF, which has predicted that world economic growth will fall to just 0.5% this year, its lowest rate for 60 years. Justin Yifu Lin, senior vice presiden at the World Bank, said there were "lots of downside risks; the current projection is protracted recession and we have not reached the bottom yet"Demand from U. S. consumers, for many years the main driver of global growth, was in steep decline, and while on the supply-side China had seen its economy shrink during the last quarter of 2008. Indeed, wherever one goes in the congress centre in Davos, pessimism pervades all conversation-although one participant counseled that "irrational exuberance has been replaced by irrational despair".The biggest concern of all panelists, however, was the risk that the downturn could herald a return to protectionism. This being Davos, the majority of participants are proponents of free trade, but it was striking that the representatives from developing and emerging economies were particularly worried about rising trade barriers. Panelists warned not just about the threat to free trade, but also the danger that Western governments could steer their nationalized or recapitalized banks towards investing only at home.However, government spending alone was not enough to solve the problem.Monetary policy and a coordinated global regulatory framework were keys to getting the global economy back on track.19.The demand from U. S. consumers has been the engine for the global growth for a long time.

Passage 1The global economy is set for a year of recession and then low growth until 2012, economists at the World Economic Forum in Davos have said. They also warned that the downturn could persuade politicians to introduce trade barriers and steer investments only into their own economies. This would harm developing countries mostly. Meanwhile,they are growing calls for better financial sector regulation. Speaking at a panel taking stock of the state of the economy, Stephen Roach, Chairman of Morgan Stanley Asia and long-time prophet of the economic downturn, said one could not "overestimate the dangers the world economy faces in 2009.”The global economy was likely to shrink this year for the first time since World War II, he said, and nobody on the panel or in the audience was prepared to contradict him. The general gloom was echoed by the IMF, which has predicted that world economic growth will fall to just 0.5% this year, its lowest rate for 60 years. Justin Yifu Lin, senior vice presiden at the World Bank, said there were "lots of downside risks; the current projection is protracted recession and we have not reached the bottom yet"Demand from U. S. consumers, for many years the main driver of global growth, was in steep decline, and while on the supply-side China had seen its economy shrink during the last quarter of 2008. Indeed, wherever one goes in the congress centre in Davos, pessimism pervades all conversation-although one participant counseled that "irrational exuberance has been replaced by irrational despair".The biggest concern of all panelists, however, was the risk that the downturn could herald a return to protectionism. This being Davos, the majority of participants are proponents of free trade, but it was striking that the representatives from developing and emerging economies were particularly worried about rising trade barriers. Panelists warned not just about the threat to free trade, but also the danger that Western governments could steer their nationalized or recapitalized banks towards investing only at home.However, government spending alone was not enough to solve the problem.Monetary policy and a coordinated global regulatory framework were keys to getting the global economy back on track.20.Though it is hard time, the participants in World Economic Forum in Davos are optimistic

Passage 1The global economy is set for a year of recession and then low growth until 2012, economists at the World Economic Forum in Davos have said. They also warned that the downturn could persuade politicians to introduce trade barriers and steer investments only into their own economies. This would harm developing countries mostly. Meanwhile,they are growing calls for better financial sector regulation. Speaking at a panel taking stock of the state of the economy, Stephen Roach, Chairman of Morgan Stanley Asia and long-time prophet of the economic downturn, said one could not "overestimate the dangers the world economy faces in 2009.”The global economy was likely to shrink this year for the first time since World War II, he said, and nobody on the panel or in the audience was prepared to contradict him. The general gloom was echoed by the IMF, which has predicted that world economic growth will fall to just 0.5% this year, its lowest rate for 60 years. Justin Yifu Lin, senior vice presiden at the World Bank, said there were "lots of downside risks; the current projection is protracted recession and we have not reached the bottom yet"Demand from U. S. consumers, for many years the main driver of global growth, was in steep decline, and while on the supply-side China had seen its economy shrink during the last quarter of 2008. Indeed, wherever one goes in the congress centre in Davos, pessimism pervades all conversation-although one participant counseled that "irrational exuberance has been replaced by irrational despair".The biggest concern of all panelists, however, was the risk that the downturn could herald a return to protectionism. This being Davos, the majority of participants are proponents of free trade, but it was striking that the representatives from developing and emerging economies were particularly worried about rising trade barriers. Panelists warned not just about the threat to free trade, but also the danger that Western governments could steer their nationalized or recapitalized banks towards investing only at home.However, government spending alone was not enough to solve the problem.Monetary policy and a coordinated global regulatory framework were keys to getting the global economy back on track.21.Most participants in World Economic Forum in Davos support free trade.

Passage 2The job of the drug industry is to provide relief from ailments, and it usually does so with its medicines. The news on Monday January 26th that Pfizer, the world's biggest drugmaker, is bidding for Wyeth, a large American rival, should provide a welcome tonic for some. The legion of lawyers and bankers who specialize in mergers and acquisitions, for example, may at last have something to do. Pfizer is offering$68 billion for its rival, belying the current economic gloom. The financial crisis and recession have put a brake on most deals, other than mergers between crumbling banks, as credit has dried up and confidence has shriveled.The giant American drug company will finance the deal with a mixture of its shares, which have held up reasonably well as markets have dived, cash from reserves and bank loans. Pharmaceutical companies are in happier position than firms in other industries. They are known for large and reliable cash flows, even when economic misery is growing. Otherwise nervous bankers should not be too fearful of extending credit to Pfizer.And yet, as the recession takes hold America, which is by far the most important market for drug giants, growth appears to be slowing. Even drug sales may be hit in a recession if financially squeezed patients who lack insurance, or with less comprehensive health plans, cut back on their medicines. Pfizer is not insulated from the economic chill: it says that it will lay off 10% of its workers, several thousand people, and close five of its 46 factories around the world, in an effort to cut costs by $2 billion by 2011.Nonetheless, taking over Wyeth would cement Pfizer's position as the world's leading drugmaker. Pfizer's revenues in 2008 were just over $48 billion. These would be boosted to over $71 billion in a combination with Wyeth. Pfizer clearly reckons that greater scale is an answer not only he lower growth n he industry but lso to the particular problems hat it faces. "Big pharma"has long felt the competitive breath of generic drug companies. In the next couple of years the threat will intensify as billions of dollars worth of branded drugs are set to lose patent protection.22.The news that Pfizer is bidding for Wyeth is not welcomed by lawyers and bankers who specialize in mergers and acquisitions.