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| Business Words in the News
Friday 23 August 2002
Vocabulary from the business news. Listen to and read the report then find explanations of difficult words below.
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Russian Prime Minister in China
Summary: The Russian Prime Minister, Mikhail Kasyanov, has praised China's boom cities and spoken enthusiastically about plans for increased economic cooperation between the two countries, during an official visit to China. This report from Steven Eke.
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| | The News | |
| | | Commenting on talks in Shanghai with the Chinese Premier, Mr Kasyanov pointed to record levels of trade between the two countries. China and Russia have agreed on an ambitious programme to boost cooperation in many spheres, ranging from the construction of nuclear power stations to cinema and the mass media. Mr Kasyanov, who heads Russia's efforts to attract foreign investors, says that Russia has much to learn from the experience of China's boom cities. Meanwhile, China is an enthusiastic buyer of Russian-made weaponry, and sees Russia as a key market for Chinese industrial and consumer goods.
Beijing is also acutely interested in the possibility of an oil pipeline from eastern Siberia to northeastern China, which would reduce China's heavy reliance on oil from the Middle East.
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| | The Words
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| | | pointed to
Drew attention to in his speech
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| | | record levels
the highest levels so far
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| | | boost
increase and encourage
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| | | in many spheres
in many economic areas
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| | | boom cities
cities enjoying sudden prosperity
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| | | weaponry
arms, weapons
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| | | key market
most important market
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| | | consumer goods
non-essential items on sale (eg music, fashion)
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| | | acutely interested in
extremely interested in
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| | | reliance on
dependence on
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