The latest analysis of the Shanghai Academy of Social Sciences shows that the introduction of foreign capital has produced a tremendous influence on Shanghai’s development and the livelihood of its citizens. It predicts that Shanghai will witness an upsurge in direct investment from the world’s major economic powers from 2002. The rapid development over the past few years has made many believe that Shanghai is a sound port for international capital.

　　Statistics of the People’s Bank of China Shanghai Branch showed that， by the end of 2001， the number of overseas financial institutions in Shanghai had reached 65， of which 54 were foreign banks. The total assets， savings deposits and loan balance of foreign banks in Shanghai account for more than half of the total of foreign banks in China. So far， 8 of the world’s top 50 banks have set up branches in Shanghai

　　参考译文

　　上海社会科学院①的一项最新分析表明，外资的加入对上海的发展和上海市民的生活产生了巨大影响。这项分析预测，从2002年起，世界主要经济强国在上海的直接投资将急剧上升。过去几年来突飞猛进的发展形势使很多人相信上海是国际投资可靠的港口。

　　中国人民银行上海分行的统据数据表明，到2001年年底，上海的海外金融机构达到65家，其中54家是外国银行。上海的外国银行的总资产②、储蓄存款和贷款平衡差额③占中国所有外国银行总和的一半以上。到目前为止，世界排名前50位的银行中有八家已经在上海建立了分行。

　　难点提示：

　　① the Shanghai Academy of Social Sciences

　　② total asset

　　③loan balance

　　The economic restructuring is conducive to the development of the poor areas. At this time when there is an increasingly fierce competition in both domestic and foreign markets， China is devoting major efforts to adjusting and optimizing its industrial structure. The developed regions， on the one hand， have quickened the pace of upgrading their industries and energetically developing capital- and technology-intensive industries. On the other hand， in order to improve the competitiveness of their industries， they are transferring some labor- intensive industries to the less-developed areas.

　　The poor areas， mostly situated in the central and western parts of China， have relatively rich resources and cheap labor. It is fully possible for the western region to import capital and technology， and accept transferred industries， so as to improve the position of poor areas in the division of regional industries and quicken the change of local industrial structure and economic development.

　　参考译文

　　经济结构调整①有助于贫困地区的发展。在国内外市场竞争日趋激烈的情况下，中国正在大力调整和优化②产业结构。发达地区一方面加快产业升级，大力发展资本技术密集型③产业。另一方面，为了提高产业竞争力，还将一些劳动密集型产业项目向不够发达地区转移。

　　中国的贫困地区大多地处中西部，资源相当丰富，劳动力成本低。西部地区完全有可能引进资本和技术，接受外来产业转移，提高贫困地区在区域产业分工中的地位，从而加快本地区的产业结构转换和经济发展。

　　难点提示

　　①economic restructuring

　　②optimize

　　③capital- and technology-intensive

　　The World Exposition is not the same as a trade fair， in which mainly governments and international organizations participate. The World Exposition， on the other hand， displays the achievements and prospects in the economic， cultural and technological sectors， and is an event where people from all over the world come together to exchange experience and ideas， and learn from one another. Long known as the “economic， technological and cultural Olympic Games”， the World Exposition is held every five years， and has been held in developed countries since it first took place in London in 1851.

　　If Shanghai wins the bid for the 2010 World Exposition， China will be-the first developing country to host this major event. Hosting the exposition will have a positive impact on China， as China will not only learn from the experiences of other countries to further its reform and opening-up endeavor， but will also enhance its friendly relations with other countries. Besides， its role as hosting country will no doubt accelerate the development of world expositions elsewhere， which can promote worldwide economic， cultural and technological development.

　　难点提示：

　　①申办

　　参考译文：

　　世博会不同于贸易展览会，贸易展览会主要是由政府和国际组织参加的。相反，世博会展示经济、文化和技术领域的成就和前景，它是全世界人民聚在一起交流经验、交换看法、互相学习的一件大事。世博会长期以来一直被誉为“经济、技术和文化的奥运会”，它每隔五年举行一次，自从1851年首次在伦敦举行以来一直在发达国家举行。

　　如果上海申办2010年世博会成功的话，中国将是主办这一盛事的第一个发展中国家。主办这次博览会将对中国产生积极的影响，因为中国不仅将学习别国的经验来推进改革开放，而且将增进与别国的友谊。此外，发挥主办国的作用无疑会加速其他地方世博会的发展，这能促进全世界范围内经济、文化和技术的发展。