【每日阅读训练第四期——速度越障3系列】【3-12】经管

babybearmm

晕，我想说lead不是need，果然是鼻音边音不分-_-

4.2 India:
similarity: both >1mi population
distinction: different issues. China: dismantle state-owned businesses. India: improve on human capital (through education etc.), which will need to more industrialization

-- by 会员 babybearmm (2012/6/23 5:32:04)

teddybearj4

看到这篇越障想起昨天Wall street Journal头版上对Diane von Furstenberg采访。里面提到了一个几代人的小例子，大家可以体会一下：

"When i was a little girl, if i didn't eat the dinner, my mother would say, think of all the Chinese that have nothing to eat. My children' s generation was the Chinese made everything. And now my grandchildren's generation was the Chinese buy everything."

给个linkage，有兴趣的可以去看看：
http://blogs.wsj.com/scene/2012/06/20/diane-von-furstenberg-on-the-china-century/tab/video/

jiline

1'43  eople pay for the losses of the bank's messes. The poor oversight is a management and governance deficiency.
1'22 Most of people in some of the largest banks agree the risk oversight is not good.
1'25 Use stock as the rewards is risky.
1'17 No futher steps for the compenstaion programs based on stock.
1'11 Incentive compensations awards are not supported by top executives.

越障:
9'16

peill

2'14
1'58
2'31
2'33
2'09

11‘30

猫咪团团

讨厌啦，怎么会每次选的速度文章都比越障难...
1：31
1：00
1：31
1：35
1：16

越障
9：45

An interview of an expert concentrate on China's economy:
1)Motivation of researching china?
China is undergo an development and institutional reform;
2)The research's starting point: institutional reform
3)Does China need west capitalization?
Yes, in fact, has gradully reform
4)Will China's develop continue? If so, how long?
Yes. For how long depends on the institutional reform. The most important part of a country was the middle-class threshold. China should change from low-middle-class to high-middle-class. In addition, the intellengence was also an impor. factor.
5) Does China needs capitalization?
Yes, but for capitalization, the laws and rules need to be complete.
6)Comparison with Indian and Russia
With Russia, both are socialism countries, but R reformed suddenly in 1989, but C reformed gradually since 10 years ago
With Indian, both were large countries with many people. But In. was rely on service industry more.
7) Discussion of In.
In. is on the corner, In. is under a high development speed, but they rely on service industry and export too much. They need to reform their economic system to large devastated one->education change
8)How long will China keep growing?
In a long time, but depends on its reform.
9)Advice to China?
As one of the three experts to give suggestions for the 12th five year plan.
10)How about China's future?
Optimistic but coutious. China was face a great challenge, and need to complete the law system.

猫咪团团

速度：
1'39     1'15      1'11    1'32     1'18
越障：12'25(最爱这种访谈式的文章了，一问一答的结构特别清楚。嘻嘻~用中文写回忆~)
Main idea：
是一篇对Linda Y，这位LBS的教授、Oxford的中国问题研究中心的负责人的访谈记事，访谈内容就中国经济过去decades增长情况分析和未来的展望。
Structure：
1、写中国问题书的目的：觉得中国自1979年的经济值得研究。
2、中国的体制改革是正式的还是非正式的：非正式。民众发起，非政府主导。
3、是否对中国不是政府主导的非正式体质改革感到吃惊：她认为人们之所以吃惊的原因是因为意识里就应该是政府发起的正式的体制改革，而她认为应该吃惊的是民众的非正式的改革为政府的正式的体制改革让道(这里逻辑上感觉好像不对，知识水平不够，不太理解)。
4、中国是不是会走西方经济发展路线：会，说了私有制，好像还对比了私有制和liberty?
5、增长是否还会持续：会。
6、他们是不是还需要建立健全资本体系：当然。应该学习西方先进经济的资本体系中的一些做法，比如透明的交易体系、健全的法律制度等等。不过还说了中国是政府“操控”经济的，跟苏维埃一样，所以可能有些地方也不能照仿西方体系。
7、对比中国和俄罗斯、印度，是不是具有可比性：先说明俄罗斯是在苏联解体之后转社会主义到私有制的，也就是变革是在a decade左右，中国是在a decade earlier，应该是强调时间差，说明发展阶段不一样吧?(猜测)
跟印度的比较是倾向于体制上的，说中国已经把很多国有企业转为私有，还是强调两者的不同点。
8、说明印度的经济状况：啊~不太记得了~ms强调问题更多些，人口，法律体制。
9、花了多少时间研究中国，是不是给政府建言献策了：时间好像没提到，就记得Linda Y说参加了5年计划的建议，还有一个首次的国际conference探讨中国经济发展问题，邀请了3位国际专家，她是其中之一。
10、对中国未来经济的评价：她是谨慎乐观。虽然是乐观，但是也不敢确定哪天有个全球性的经济危机or金融危机。

-- by 会员 teddybearj4 (2012/6/22 0:33:34)

Teddy 你遵棒~回忆的好详细

猫咪团团

1.39
1.32
1.50
2.05
1.45

12.40
LY是一个研究中国的学者，写了一本The Economy of China，此篇讨论了她的一些观点。
1.为什么写？中国在1979后从集体经济转为市场经济，是一个重要的体制改革。
2.讨论formal&informal的改革，中国是informal，因为没有私有化。
3.作者认为需要宽松的政策进一步促使经济发展，然后发现中国正在从infomal转为formal，比如出了property law，一部分承认了私人的产权。
4.Turning to Western-type rules is necessary for productivity growth.比如中国的私企也可以成为股份制公司。
5.challenge：中国转向formal的改革结构，整处在middle income-threhold关键时期，需要更多创新。
6.需要更严格制定资本体制。比如资本主义国家的一些rules，透明管理、更有效的法律制度。
7.对比印、俄和中国的不同。俄：迅速改变体制，转资，私有化。印：最大的challenge是脱离英国殖民统治。
现在的印度也需要改革，面临着失业率高和工业化不足的问题，需要提高教育水平。就业下降→没有动力接受教育→影响就业
8.作者谈了自己的经历，参与125计划给了意见。
9.展望将来：optimistic but cautious.optimistic：中国过去在公有制n多restrictions下还能保持发展。cautious:也有很多challenge，比如提高人均收入。

-- by 会员 jolene91 (2012/6/22 10:20:36)

jolene每次都回忆的很好呢，再接再厉~

猫咪团团

越障不是2012的文章吧
2’21
It’s not the first time that bank suffer huge lose because of the oversight of risk control.
2’17
For the specific case, the senior management should take the responsibility of the loss.
2’29
The great stock-based compensation maybe the biggest motivation push the senior management to take the risk.
2’33
2’47
The governments, especially the Fed, are reluctant to implement measures and plans to control ultimate compensation to senior management.

11’49
In an interview, the economist said China needs more institutional reforms to keep the high speed growth rate.

-- by 会员 romanyck (2012/6/22 1:44:50)

好眼力，的确不是很新的文章，但是当时觉得内容还不错就拿来了。至今还挂在首页，说明还是比较经典滴

猫咪团团

今天的速度特意慢慢地仔细看下来了，顺便每段结束回忆，效果不错~
1'26''
1'26''
1'55''
2'10''
1'38''

Background: The author, as a professor majored in Chinese economy, wrote a book called The Economy of China, in 2010.

Logic map:
- Chinese economy has been so strong for the recent decades, which is so unique.
- But it also has a lot of challenges.

- Most of China's reforms were made in an informal and gradual way, which is so characteristic.
- But the author reckon that China should turn into the Western capitalism's pattern (which is formal) now, at least gradually, because of more and more challenges she has noticed for recent years.

- So is the author truely familiar with Chinese stuff? She often came to China to do research or attend some important meetings as "Five-year-plan"?

- Compare China with Russia and India. And they all have their own character.
Russia has had all its state-owned industries privatised for a short period of time, because its communism was replaced by capitalism.
India should develp a strong human capital market.

-Will the China's miracle keep for next several years? The author is optimistic, but cautious. She have seen lots of challenges in the Economy of China. China should take more formal reforms now and be more open-ended in the economy.

发现记反了一部分顺序，还好影响不大。In general，文章是先集中谈中国的所有问题（强劲、难题、展望），然后才对比Russia和India谈（详细说了下India），最后才对author的资质进行描述、以及her assess on China。

-- by 会员 铁板神猴 (2012/6/22 14:13:49)

猴纸，你好赞~不过我弱弱说下，你貌似是占了个沙发滴

猫咪团团

速度：52''  44''  57''  58''  48''


越障：9'38''
An interview with the author of a book on Chinese economy


1.
The interviewee is an expert on Chinese economy, a visiting scholar in Oxford, etc.
She recently published a book on Chinese economy, main purpose of the book:
to explain the dramatic econ growth in China since 1978, specially focus on institutional reform - how it affects different sectors


2. institutional reform
She thinks that formal institutional reform is needed to go forward.
the beginning is informal (a surprise), and then gradually shift to formal (the shift is another surprise)


3. forecast
should adapt more western-rule; should foster institutional capitalism
Q: can the current growth rate sustain?
A:the growth will reach a threshold, because as production continues to expand, there will be more issues regarding IP right protection.
It will take ~ 10y to grow from lower-mid-income country to higher-mid-income country.


4. Comparison with Russia & India
4.1 Russia: the difference lies in the change from state-owned to private businesses. In Russia the change is sudden (at the time when Soviet gov dismantled), whereas in China the change is slow and informal.
4.2 India:
similarity: both >1mi population
distinction: different issues. China: dismantle state-owned businesses. India: improve on human capital (through education etc.), which will need to more industrialization


5. prospect of Chinese econ: optimistic but cautious
optimistic: great potential
cautious: currently there are a lot of restrictions on free market
China is working hard to raise its per capita income to $3,000.

-- by 会员 babybearmm (2012/6/23 5:32:04)

baby亲，偶觉得你的笔记记得真心赞哇，各种清晰