Just as there has never been a bubble that hasn't burst in the end, so there has never been an investment boom that hasn't been followed by a bust. If China's investment-to-GDP ratio were to drop to the levels of 1960s Japan – not an absurd idea, since that is also where it was in China 10 years ago – the impact would be catastrophic. China would face a slump and the mother of all banking crises. A domino reaction would hit the commodity exporters and other emerging economies. The deflationary impact of Chinese overcapacity would be felt everywhere, potentially putting the world trading system at risk. And investors would come to view the “Bric” acronym much as they do “TMT” today.
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It industry is the heart of China's negotiation with the USA. What opportunities would it industry face after China's entering into the WTO, which is a very important topic for it industry in China.
信息产业在中美“入世”谈判中是重中之重，“入世”后中国信息产业面临着什么样的机遇和挑战，是摆在中国信息产业界面前的一个十分重要的课题。
"China is going to face a difficult coming six months," said Louis Kuijs, the bank's senior economist in Beijing, predicting that the impact of the global crisis would intensify.
北京一家银行的资深经济学家路易斯。奎吉斯说，“中国即将迎来最困难的六个月”，他预计国际金融危机的影响会恶化。
It was simply incompatible with their elite status in China as a PhD. student in America, and would have caused a big loss of face for the family.
这实在配不上他们在国内身为博士、留学美国的精英地位，而且还会让家里人蒙羞。
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