Female feticide

(网络新词)不作死就不会死

短消息服务业务

佛经翻译

litigation & arbitration

公共汽车晚点了一小时，这使我错过了比赛的开场。

京都协议书

Per capita emissions

Ebola virus

Nirvana

B汉译英/B

International Federation of Translators

喊破嗓子不如甩开膀子

B英译汉/B

小康社会

When You Move, I Move: Increasing Synchronization among Asia"s Economies In recent decades, trade integration within Asia has increased more than in other regions. In valued-added terms, intraregional trade grew on average by over 10 percent a year from 1990 to 2012, twice the pace seen outside of Asia. Likewise, financial integration within the region has started to catch up, although it still lags behind trade integration. Concomitantly, business cycles in A-sia have become steadily more synchronized over the past two decades, with the correlation between ASEAN economies" growth rates almost reaching the very high levels seen within the Euro Area. As outlined in the IMF Asia and Pacific Department"s latest Regional Economic Outlook, these facts are related. Namely, increases in trade and financial integration have strengthened the propagation of growth shocks between regional partners, leading Asian economies to move more in lock-step. One driver of this synchronization of business cycles has been the increase in size and connectedness of China"s economy. Looking ahead, we expect regional integration agenda and a bigger China to further increase spillovers and growth co-movement across the region. Greater international cooperation, particularly regional and global financial safety nets, can help countries respond to the associated risk of more synchronized, sharper downturns, and thereby help Asia make the most of greater regional integration. On the trade side, our study brings a novel finding: what makes two economies co-move-by propagating shocks across borders—is the intensity of their bilateral trade in value-added terms, not in gross terms. The iPhone supply chain example illustrates why this makes sense: although China exports the product to the US, its domestic firms add only a small fraction of the overall value added , so that gross exports vastly over-estimate the dependence of the Chinese economy on final demand from American consumers. The reverse holds for Korea or Taiwan POC, which reap sizeable value added through exports of components to China even though they don"t export any iPhones to the US. Overall, the trend increase in the value-added traded between Asian economies over the past two decades has accounted for around one-quarter of the concomitant increase in business cycle synchronization across the region. Financial integration has been a more ambivalent force. Across the world, it has magnified the impact on business cycle synchronization of large global shocks like the global financial crisis, as global banks pulled funds back across the board. But in normal times, it has lowered synchronization somewhat, possibly by facilitating international reallocation of capital when a shock hits one country. However, this has been less of a factor in Asia, where cross-border financial claims and flows have so far been comparatively small.

annual financial report

Deputy Assistant Secretary of State

一国两制

The general use of speech is to transfer our mental discourse into verbal, or the train of our thoughts into a train of words, and that for two commodities; whereof one is the registering of the consequences of our thoughts, which being apt to slip out of our memory and put us to a new labor, may again be recalled by such words as they were marked by. So that the first use of names is to serve for marks or notes of remembrance. Another is, when many use the same words to signify, by their connexion and order one to another, what they conceive or think of each matter; and also what they desire, fear, or have any other passion for. And for this use they are called signs. Special uses of speech are these: first, to register what by cogitation we find to be the cause of anything, present or past; and what we find things present or past may produce, or effect; which, in sum, is acquiring of arts. Secondly, to show to others that knowledge which we have attained; which is to counsel and teach one another. Thirdly, to make known to others our wills and purposes, that we may have the mutual help of one another. Fourthly, to please and delight ourselves, and others, by playing with our words, for pleasure or ornament, innocently.