VIP Class Notes (Jacob) [W]

Read a story from VOA so we can discuss it next class.

Vocabulary

Deposit – to give a guarantee that you’ll do something
eg. You should give the library a 100rmb deposit so make sure you bring the book back.

throwing money out the window – doing something that obviously wastes money
eg, Using the heater in the winter while the window is open is like throwing money out the window.

trickle down – something that comes down slowly like a rain drop from a big pool
eg. The trickle down effect in economics is how a world problem effects individuals

controversial – many different opinions on the matter

Domestic – within a countries borders
eg. Domestic demand for steel in China, has gone down/decreased.

Grammar

Economy, economics, economical
economy – used to refer to a country or the worlds economy
eg. The world economy is growing slowly but China’s economy has been going very quickly.
Economics – the study of or referencing something related to economics (study, idea)
eg. I am studying economics; I think economics is a difficult subject; Spending so much money on money is not very economic
Economical – used to question if something makes sense from an economic view
eg. Is throwing money out the window a very economical idea?

Basic knowledge of economics is a very important life skill.

It is important to plan for the future.
We must plan and save for our retirement.

I am the only person in the world who likes to drink this stuff
I am the only person in society who drinks this stuff
I am the only person on earth who drinks this stuff

Original (last week)

I found that the western education touched on it early, and it’s too late for me to know that until now. I am not sure that what kind of
finance which is closest with my life, Maybe the forex and the stock with my life are closely, because I exchange RMS to Swiss franc as my daughter ‘s tuition fee. Also I should do a plan for our aged life which is help me to keep my money’s values.

Edited (last week)

I found that the western education touches on it at an early age, and it’s too late for me to know that until now. I am not sure that what kind of economic problems are happening finance which is closest with my life, Maybe the forex and the stock are closely connected/linked to my life, because I exchange RMB to Swiss francs for my daughter ‘s tuition fee. Also I should do make a plan for our aged life future which will help me to keep our money’s values.

Original

Today China-A stock and HK market plunged 3 Percent, It’s hard for me to understand that the market reacted so much because of the tariffs frictions with America. In this cause I thought that Russia’s policy is correct and effect. it’s the whole country get together to hit back with America. Scaring no helps to deal with problem and more confidence to treat it which is the best way to show on the world.If the opponent is rude, We don’t need to accept with gently.

Edited

Today China’s stock market/exchange and the HK market plunged 3 percent. It’s hard for me to understand that the market reacted so much because of the tariff frictions with America. In this case I think/believe that Russia’s policy is strong/good and effective. If the whole country gets together to cooperate, then Russia can be strong to hit America back with. Scaring Fear doesn’t help to deal with problems and more confidence to treat it which is the best way to show on the world. If the opponent is rude, We don’t need to accept with it gently.