Passage 1The Dubai crisis has caused fluctuation(波动)in the global financial market. Asian stocks 1 with banking shares pushing the yen to a 14year high 2 a struggling dollar as investors unwound risky trades.Chinas stock market 3more than a hundred points following Dubais announcement. However, experts say the current impact is more on a mental level, while the real impact 4 uncertain.Huang Xianbin, chief strategic analyst of CINDA Securities, said, “Domestic investors worry 5outside factors will affect the Chinese financial 6, so the current adjustment is on a mental level. Generally, I think it will have a shortterm 7.”However some experts8 international hot money will soon be 9from new emerging markets that are high risk. This would likely 10 another round of financial hurt.Fang Ming, senior analyst of Financial Market Dept., BOC, said, “Some hot money will 11 new emerging markets after the Dubai crisis. There is hot money in China, 12will also be withdrawn from the market. The stock market will surely be 13.”Dubai is14for its seven star hotels. In the past four years, the city has launched construction projects 15a cost of over 300 billion US dollars. Under such 16, the global financial crisis last year 17Dubai directly. Housing prices dropped and construction projects were canceled. Experts have noted that China should learn from the situation.Li Gang, Financial Market Dept., Agricultural Bank of China, said, “The economic bubble (经济泡沫)popped in Dubai as its property market 18. China should learn from this. It also reminded us of the importance of a 19 economic recovery and controlling hot money.”Chinas four leading banks said on Friday that they do not hold any troubled Dubai World bonds. The claim was 20 by Chinas Bank of Communications, Industrial and Commercial Bank of China, Bank of China, and China Construction Bank.
1. A. raised B. slipped C. slumped D. jumped 2. A. againstB. forC. withD. to 3. A. relaxedB. droppedC. reversedD. rebounded 4. A. remainsB. takesC. tellsD. acts 5. A. aboutB. thatC. withD. whether 6. A. societyB. fieldC. marketD. bottom 7. A. benefitB. effectC. impactD. result 8. A. worryB. claimC. opposeD. believe 9. A. affectedB. withdrawnC. takenD. left 10. A. causeB. addC. reduceD. realize 11. A. enter intoB. depart fromC. come toD. get away 12. A. whereB. thatC. forD. which 13. A. protectedB. affectedC. addedD. decreased 14. A. popularB. wellknownC. badD. highsounding 15. A. forB. withC. inD. at 16. A. situationsB. problemsC. circumstancesD. environments 17. A. hitB. breakC. chooseD. pick 18. A. doomedB. collapsedC. fallenD. failed 19. A. applicableB. suitableC. paralleledD. balanced 20. A. saidB. spokenC. madeD. done