VIP Class Notes (Tibo) (S)

Speaking exercise

I think this depends on Russia and Middle East countries. Perhaps they can get a point to be negotiated about the oil production to control the price of oil for example decrease the production of oil and the supply will be stable.
I think maybe the demand of oil is also decreased because of the virus spreading all very the world.

I have already purchased some stocks in China stock market.
The price oil is too low now and most of the country wants to increase their storage about oil because the price is too low and when the price is increasing it can get a big profit from the price change so it is not enough for the ship transportation about the oil so maybe now it is a good opportunity.

A lot of people they bear a big loss due to the downturn economy -> due to the global economic downturn

wearing a mask is a good way to prevent the virus and if western people don’t want to wear it what do they do.

Some clients now they want to negotiate with us to delay the payment because of some business was interrupted and some their orders are cancelled.
This time the virus has a big impact on the economy.

Most of our clients have a long relationship, we pretend to say no but at last we agree with their requirements.

There are lot of our customers their companies will be bankrupted.
The method of controlling virus is effective

new payments ways just used in mainland china but if you are traveling in HK or Taiwan it is not popular.

they don’t want to take a lot of money it is not safe.

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I think this depends on Russia and Middle East countries. Perhaps they can negotiate about the oil production to control the price of oil for example decrease the production of oil and the supply will decrease. / right now the supply exceeds the demand / there is an oversupply.
I think maybe the demand of oil has also decreased because of the virus spreading all over the world / around the world / globally

I have already purchased some stocks in the Chinese stock market
The price of oil/ oil price is too low now and most of the country wants to increase their storage of oil because the price is too low / is a bargain and when the price is increasing it can get a big profit from the price change so it is not enough for the ship transportation about the oil so maybe now it is a good opportunity.

A lot of people they bear a big loss due to the global economic downturn  / some people were wiped out / many people saw their asset value plummet because of the virus

wearing a mask is a good way to prevent the virus and if western people don’t want to wear it what do they do instead? / what ways do they find to prevent infections?

Some clients now they want to negotiate with us to delay the payment because their business was interrupted and some of their orders were cancelled. / they suffered business interruptions  / disruptions.
This time the virus has a big impact on the economy.

Most of our clients have a long relationship with us, we pretend to say no but at last we agree with their requirements. / terms

There are lot of our customers their companies will be bankrupted.  / go bankrupt
The method of controlling virus is effective. they controlled the virus is an efficient way.

new payments ways / means of payments / mobile payment is just used in mainland china but if you are traveling in HK or Taiwan it is not popular.

they don’t want to carry a lot of money it is not safe.

Vocabulary

phenomenon (1) phenomena (2+)

commodities 商品
most commodities are traded in USD

to plummet (v) fall down at a high speed
The price of oil plummeted.

to be a bargain : to be a good deal
You can buy a plane ticket for 20USD it is a bargain

to bargain : to negotiate a price
We bargained to get it cheaper

bargaining power : negotiation power
They have high bargaining power because they are a big company.

innovation : creation of new things
innovation drives growth

to innovate (v)

stigma (n) 耻辱
Having the virus is a stigma, no one will want to come around you

to stigmatize (v) : discriminate against
In some countries black people are stigmatized

to avoid (v) : stay away fron
People will avoid you if you look sick

reusable (adj)
Some masks are reusable

to reuse : use again

QR code 二维码
We pay with a QR code

to go bankrupt : close because of cashflow issues
They went bankrupt because they lost all their customers.

to invent : to create something new
It was invented last year

effective : having a effect
This drug is effective on the virus

efficient : working in the way giving the best result with the least effort
He works efficiently

Pronunciation

infection

infectious