Chapter2课后题讲解.pptVIP

The leaders of the world’s 20 major economies on Friday ended a frequently rancorous two-day summit in this northeast Asian capital without reaching agreement on specific steps to avert damaging currency and trade wars. rancorous:憎恨的，怨恨的，充满敌意的 Trans.星期五，世界上20个主要经济体的领导人结束了在这座东北亚首都城市举行的为期两天的峰会。各国争论不休，然而却没有就避免破坏性货币和贸易战争的具体措施达成一致意见。 There were far more setbacks than gains, but President Obama suffered the biggest disappointment, falling short in his attempt to forge a unified approach to boosting the global economy. far more…than fall short in 会议遭遇的挫折远多于收获，而奥巴马总统最为沮丧，其采取统一方法推动全球经济的努力未能成功。 In one blow, G-20 members refused to endorse a U.S. effort to force China to raise the value of its currency, prolonging a bitter dispute that many say could eventually lead to a global trade war. endorse：publicly support or approve of sth. e.g. I can endorse their opinion wholeheartedly. 20国集团成员国突然拒绝支持美国迫使中国提高币值的尝试，延续了这场痛苦的争端，很多人认为争端最终会导致全球贸易战。 Before world leaders left the city, they issued a watered-down statement agreeing merely to refrain from “competitive devaluation” of currencies. The joint statement described their intent to promote growth while balancing trade and exchange rates and avoiding protectionist policies in general. watered-down: 打折扣的 e.g. The British government introduced a watered-down version of the proposals. 在离开这座城市之前，各国领导人发表了一项打了折扣的声明，仅仅同意避免货币的“竞争性贬值”。这份联合声明大致描述了他们推动增长，并平衡贸易和汇率以及避免贸易保护主义政策的意图。 U.S. officials described it as a substantial deal that will help relieve some of the pressure on countries suffering big trade deficits. But nations are under no binding obligation to follow the agreements. 美国官员称此为一份重要协议，将会帮助减轻一些承受巨额贸易逆差的国家的压力。但是各国并没有义务遵守这些协议。 Substantial: large in amount or degree. Binding: a binding promise, agreement, or decision must be obeyed or carried out. In his final speech, Obama put a positive spin on a disappointing summit, saying that the world’s developed and developing economies have been successful in putting t