Name:

Class:

Listen to a piece of news and fill in the gaps with a word or a short phrase.

China has revealed a plan to strengthen its control over more industries. The aim of this
move is to gradually frame what is called (1)______________ approach.
This action is the response of the Chinese government after a number of (2) __________,
leading to private investors withdrawing billions of dollars from Chinese firms due to their
fear of the (3) _________ by the state.

Recently, (4) __________ like DI DI and ANT group have been targeted after they started to
sell shares on (5) ____________.
China also implemented such actions as banning foreign investors and forcing firms to (6)
__________ in order to massively reform the education sector.
Considering recent interventions, investors feel that China’s new plan is not (7) __________
at all. In fact, in the stock market, the Hangseng tech index (which indicates the stock prices
of (8)_________) has experienced a 40-percent fall since February. That also means more
than half a trillion dollars of investment has (9)_________________ from Chinese tech
companies.

According to an expert, no (10)___________ can find itself unaffected by the plan. However,
the government doesn’t want Chinese grown tech companies to (11)___________ because
despite some foreign funding, these are successful businesses built by (12)_____________.

From political standpoint, the real ideology behind this plan is that the party wants to
prevent the private sector from growing large enough to become a (13)_____________. In
addition, it shows the idea of the leader of China to create a new China where Chinese don’t
waste time playing computer games or send their children to (14) __________, but
(15) _____________ study his speech and his writings.
KEY
1. consumer protection
2. crackdowns
3. increased intervention
4. tech giants
5. foreign exchanges
6. convert to non-profit status
7. benign
8. Chinese tech firms
9. evaporated
10. private sector industry
11. bleed out
12. Chinese entrepreneurs
13. separate power base
14. crammer schools
15. dutifully.