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 P. 1. UNIT SIX: CHINA INVESTING HEAVILY IN LATIN AMERICA

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ADVANCED ENGLISH 2
PART 1: ADVANCED TRANSLATION
 
Unit Six: CHINA’S INVESTMENT IN LATIN AMERICA
 

I. LEAD-IN

Brainstorming:

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3/9/22, 6:06 PM Học trực tuyến - Trung tâm đào tạo thường xuyên (Đại học Đà Nẵng)
Question 1: What do you know about China? In 3 minutes, write down 4 facts.

China is a country in East Asia and the world's most populous country.

It is governed by the Communist Party of China

China emerged as one of the world's earliest civilizations, in the fertile basin of the Yellow River in the North China Plain.

For millennia, China's political system was based on hereditary monarchies, or dynasties, beginning with the semi-legendary Xia dynasty in 21st century
BC.

Since the introduction of economic reforms in 1978, China's economy has been one of the world's fastest-growing with annual growth rates consistently
above 6 percent.

China is also the world's largest exporter and second-largest importer of goods.

China's landscape is vast and diverse, ranging from the Gobi and Taklamakan Deserts in the arid north to subtropical forests in the wetter south.

The Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from much of South and Central Asia.

Since ancient times, Chinese culture has been heavily influenced by Confucianism and conservative philosophies.

Chinese cuisine is highly diverse, drawing on several millennia of culinary history and geographical variety, in which the most influential are known as
the "Eight Major Cuisines", including Sichuan, Cantonese, Jiangsu, Shandong, Fujian, Hunan, Anhui, and Zhejiang cuisines.

 
 
Answer Key
Words/Phrases Synonyms (from the passage)

1. buying and selling trade

Question 2: What do you know about Latin America? In 3 minutes, write down 4 facts.
2. goals, objectives targets
Latin America consists of 13 dependencies and 20 countries which cover an area that stretches from the northern border of Mexico to the southern tip of South America,
including the Caribbean.

Latin America can be subdivided into several subregions based on geography, politics, demographics and culture..
3. incorporation, blending integration
In 1804, Haiti became the first Latin American nation to gain independence. Haitian independence inspired independence movements in Spanish America.

The Great Depression caused Latin America to grow at a slow rate, separating it from leading industrial democracies.

The 2000s commodities boom caused positive effects for many Latin American economies. Another trend is the rapidly increasing importance of the relations with China.
4. feasible, possible plausible
Latin America is the region with the highest levels of income inequality in the world.

Wealth inequality in Latin America and the Caribbean remains a serious issue despite strong economic growth and improved social indicators over the past decade.

Income from tourism is key to the economy of several Latin American countries

Latin American culture is a mixture of many cultural expressions worldwide. It is the product of many diverse influences
5. come out, become known emerge
Latin America has produced many successful worldwide artists in terms of recorded global music sales.

6. a person or organization that provides

something needed such as a product or supplier
service.

7. loaning, letting someone have the use of lending

8. beneficiaries, receivers recipients

Answer Key

9. happening, event, occurrence, fact phenomenon

10. parts, categories, divisions sectors

Exercise 2: Video: Chinese foreign investment: Will China own America?
Watch a video about Chinese investment into America. 11. focus, centralize concentrate

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0:00 / 3:04

SUMMARIZING

Without playing the video, summarize the key features/facts in Vietnamese from what you can remember.
 

II. READING

CHINA’S INVESTMENT IN LATIN AMERICA

 (by David Dollar)
 
For the five-year period between 2015 and 2019, China’s President Xi Jinping set an ambitious goal of $500 billion in trade with the Latin American and Caribbean region (LAC) and $250 billion of direct investment. The pledge was made at the first
ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States, held in Beijing in January 2015. China has set some large investment targets in Southeast Asia and Africa that it has not always met, so it remains to be
seen if this degree of integration can be achieved. But the investment numbers are certainly plausible, as China is likely to emerge in the next few years as the world’s largest supplier of capital.
 The outflow of capital from China takes two main forms. These are direct investment, which consists of greenfield investments plus mergers and acquisitions, and lending by China’s policy banks, which are the Export-Import Bank of China (China EXIM
Bank) and China Development Bank (CDB).
 […]
 In addition to direct investment, China also provides significant overseas lending, primarily through China EXIM Bank and China Development Bank. This lending will show up as portfolio investment in the balance of payments. In recent years, each bank
has been lending about $100 billion overseas. Some of China’s overseas investment takes place under the rubric of the “One Belt, One Road” initiative (OBOR). OBOR is Xi Jinping’s vision for expanding infrastructure and other investment along the
traditional Silk Road through Central Asia, as well as along the maritime route that goes south from China through Southeast Asia to South Asia and on to East Africa and Europe. However, the actual amounts involved in OBOR investment so far are small.
Most of the countries in the list of the top 10 destinations for China’s overseas direct investment are developed economies that are the traditional recipients of most foreign direct investment (FDI) globally. Taking out Hong Kong and other financial centers,
the top three destinations for China’s ODI are the United States, Australia, and the United Kingdom. Also in the top 10 are France, Canada, and Germany. Most FDI in the world goes to advanced industrial economies, and the same can be said for China’s
ODI.
 […]
 That a developing country is emerging as the world’s largest investor is an interesting phenomenon that raises important questions. To what extent is Chinese investment similar to other foreign investment and to what extent, if any, is it challenging global
norms and practices? In an earlier paper in Brookings’s Order from Chaos series, I found that there are three ways in which Chinese investment differs from the existing norms and practices: (1) Chinese investment is relatively, though not absolutely,
concentrated in poor-governance environments; (2) China in general does not subscribe to global standards of environmental and social safeguards; and (3) China itself remains relatively closed to foreign investment in many sectors, in contrast to its
partners in both the developed and developing world.
 
 (Source: ORDER from CHAOS – GEOECONOMICS AND GLOBAL ISSUES Paper 4 – Brookings, January 2017)
 

Vocabulary:

Exercise 1: Scan the reading passage and find the words that mean or are synonyms to those given below.
Words/Phrases Synonyms (from the passage)
1. buying and selling
2. goals, objectives Đã xem 02:02 phút
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3/9/22, 6:06 PM Học trực tuyến - Trung tâm đào tạo thường xuyên (Đại học Đà Nẵng)
3. incorporation, blending
4. feasible, possible
5. come out, become known
6. a person or organization that provides
something needed such as a product or
service.
7. loaning, letting someone have the use
of
8. beneficiaries, receivers
9. happening, event, occurrence, fact
10. parts, categories, divisions
11. focus, centralize

Answer Key

Exercise 2: Read the passage and decide whether the following statements are True (T) or False
1. By 2019, China will both trade and invest directly into Latin America. t
2. Since 2015, China has met all the investment targets in Southeast Asia and Africa. f

3. China aims to become the highest capital investor in the world. t

4. The financial outflow is carried out through lending and investing directly. t

5. Countries along the traditional Silk Road are recipients of the greatest amounts of investment from China. f

6. Developed countries such as Australia, Canada and the United States received the least ODI from China. f

7. It is interesting for a developing country to emerge as the largest investor worldwide. t

8. China meets all the environmental and social safeguard standards set globally.  f

Answer Key

III. TRANSLATING

1. Before translating, read the passage aloud.

2. Translating:
Now read the first paragraph and translate it.

 
For the five-year period between 2015 and 2019, China’s President Xi Jinping set an ambitious goal of $500 billion in trade with the Latin American and Caribbean region (LAC) and $250 billion of direct investment. The pledge was made at the first
ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States, held in Beijing in January 2015. China has set some large investment targets in Southeast Asia and Africa that it has not always met, so it remains to be
seen if this degree of integration can be achieved. But the investment numbers are certainly plausible, as China is likely to emerge in the next few years as the world’s largest supplier of capital.
Đã xem 02:02 phút
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3/9/22, 6:06 PM Học trực tuyến - Trung tâm đào tạo thường xuyên (Đại học Đà Nẵng)

Trong giai đoạn 5 năm từ 2015 đến 2019, Chủ tịch Trung Quốc Tập Cận Bình đã đặt ra mục tiêu đầy tham vọng là đạt 500 tỷ đô la thương mại với khu vực Mỹ
La-tinh và Ca-ri-bê (viết tắt là LAC) và 250 tỷ đô la đầu tư trực tiếp. Cam kết được đưa ra tại cuộc họp các Bộ trưởng đầu tiên của Diễn đàn Trung Quốc và
Cộng đồng các quốc gia Mỹ Latinh và Caribbean, được tổ chức tại Bắc Kinh vào tháng 1 năm 2015. Trung Quốc đã đặt ra một số mục tiêu đầu tư lớn ở Đông
Nam Á và Châu Phi nhưng chưa đạt được hết. Vì vậy, vẫn chưa biết các con số tích hợp này có thể đạt được không. Tuy nhiên, những con số đầu tư này chắc
chắn là hợp lý, vì Trung Quốc có thể sẽ nổi lên trong vài năm tới với tư cách là nhà cung cấp vốn lớn nhất thế giới.

Answer Key

Next, do the same with the rest of the passage.

Video P.1.Unit 6

0:00 / 15:34

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In nội dung

BÀI TẬP

CÁC BÀI KHÁC

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3/9/22, 6:06 PM Học trực tuyến - Trung tâm đào tạo thường xuyên (Đại học Đà Nẵng)
Course Syllabus Advanced English 2 (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042559&idBaihoc=1552&idbai=1552&idmon=82&ky=4)

P. 1. Unit one: The United Nations Educational, Scientific, and Cultural Organization (UNESCO) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042560&idBaihoc=1553&idbai=1553&idmon=82&ky=4)

P. 1. Unit two: The United Nations Development Program (Chương trình Phát triển của Liên Hiệp Quốc) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042561&idBaihoc=1554&idbai=1554&idmon=82&ky=4)
P. 1. Unit three: Ex-wife challenges Nelson Mandela's will, demands homestead (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042562&idBaihoc=1555&idbai=1555&idmon=82&ky=4)

P. 1. Unit four: Potential for heart attack, stroke risk seen with marijuana use (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042563&idBaihoc=1556&idbai=1556&idmon=82&ky=4)

P. 1. Unit five: Organ Transplants (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042564&idBaihoc=1557&idbai=1557&idmon=82&ky=4)

P. 1. Unit seven: Transparency International: Africa Shows Strong Progress in Fight Against Corruption (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042566&idBaihoc=1559&idbai=1559&idmon=82&ky=4)
P. 2. Unit one: Eco-tourism (Du lịch sinh thái) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042567&idBaihoc=1560&idbai=1560&idmon=82&ky=4)

P. 2. Unit two: Medical tourism (Du lịch chữa bệnh) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042568&idBaihoc=1561&idbai=1561&idmon=82&ky=4)

P. 2. Unit three: The World AIDS Day (Ngày thế giới phòng chống AIDS) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042569&idBaihoc=1562&idbai=1562&idmon=82&ky=4)
P. 2. Unit four: The World Bank (Ngân Hàng Thế Giới) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042570&idBaihoc=1563&idbai=1563&idmon=82&ky=4)

P. 2. Unit five: The World Heath Organization (Tổ Chức Y Tế Thế Giới) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042571&idBaihoc=1564&idbai=1564&idmon=82&ky=4)

P. 2. Unit six: The Association of Southeast Asian Nations (ASEAN) (Hiệp hội các nước Đông Nam Á) (Giaotrinhxem.aspx?IDGTrinh=130&keys=&ids=1042572&idBaihoc=1565&idbai=1565&idmon=82&ky=4)

P. 2. Unit seven: The United Nations Food and Agricultural Organization (Tổ chức Nông Lương Liên Hiệp Quốc) (Giaotrinhxem.aspx?
IDGTrinh=130&keys=&ids=1042573&idBaihoc=1566&idbai=1566&idmon=82&ky=4)

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