______ refer to the common shares issued by the companies registered in China's mainland and traded by domestic entities or retail investors (excluding investors from Taiwan region, Hong Kong and Macau SARs) in Chinese currency.A．A-sharesB．B-sharesC．H-sha

Questions 9~11 refer to the following information.
The daily changes of the market can lead investors astray. The ups and downs make the tendency to look at the portfolio’s performance frequently too tempting. This means investors are likely to perceive more risk, forgetting about their long term goals.
When investors log into their trading accounts they can see the potential gain or loss of all of their assets. They can also see the day change on assets which are coded gain and loss. However, it's believed that those who look less get more.
For instance, if you look at FTSE index from today to tomorrow there is a roughly 50% chance that it has gone up or down. If you look at it over a year you may find that 60%-65% of the time it is going up. And if you look over a five-year period you will find that 90% of the time it goes up.

What’s the author’s suggestion to investors?

A. Keep themselves from checking their trading accounts.
B. Pay attention to long-term interests rather than short-term ones.
C. Avoid risks in terms of their investment plans.
D. Stick to one portfolio for at least five years.

China is booming and private equity firms intend 10 prosper alongside the country.As opportunistic investors, the funds typically prefer plays on the growth of the consumer market - from finance companies to auto retailers and service providers such as in

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

What dose the underlined sentence mean?

A.We should resist the trend of automation
B.The growth of the economy and technology brings prosperity
C.Technology is double-edged since some jobs will be eliminated
D.The development of technology is devastating

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

What is the main idea of this passage?

A.The world economy relies on China 's economy
B.Chinese consumers have great potential
C.Other countries should learn from China by developing a sharing economy
D.Chinese government is improving people’s lives

共用题干
A New Educational Feature

1.There is a distinctive and comparatively new feature of the Taiwanese Education. In recent years,more students from Taiwan are seeking education in the mainland.
2.The number of Taiwanese students admitted into college and postgraduate programs in the mainland,according to official Chinese figures,totaled 1,264 in 2000,2,470 in 2002 and approximately 3,700 in 2004.The latest official numbers indicated that by 2013,7,349 Taiwanese received high education on the mainland.Chinaedu.com said this number had risen between 40 to 50 percent annually in the last decade with well over 1,500 entering mainland campuses last year.
3.Based in the Chinese city of Guangzhou,the Internet site provides education service and information on Chinese mainland colleges and universities."Many Taiwanese believe a Chinese mainland education helping them to learn more about the people and culture in the mainland,and it will increase their chances in Chinese job market,"Chinaedu.com president Mark Ling said."I believe it will give me hands-on experience in the media of the Chinese mainland and a better understanding of the Chinese mainland people,"said Maria Wang,an 18-year-old student majoring in communications at Nanjing University. Wang has a plan to continue her education and get a master's degree in mass media in Beijing,where she believes provides the best environment for such studies and opportunities for future development.
4.Li,a postgraduate student at Taiwan Furen University said he was inclined to study business administration in the Chinese mainland,because there will be better prospects for careers now that more Taiwanese companies are going there.
5.A large number of business executives would like to send their children to study in the Chinese mainland too."They hope the children could build up connections which could later become useful in their business operations."said Yuqin Ma,professor of the Chinese mainland studies.

Beijing is a good place to study mass media,since the city provides_______.
A:practical experience
B:business operations
C:good quality education
D:culture and people there
E:a good chance
F: the favorable circumstance

共用题干
A New Educational Feature

1.There is a distinctive and comparatively new feature of the Taiwanese Education. In recent years,more students from Taiwan are seeking education in the mainland.
2.The number of Taiwanese students admitted into college and postgraduate programs in the mainland,according to official Chinese figures,totaled 1,264 in 2000,2,470 in 2002 and approximately 3,700 in 2004.The latest official numbers indicated that by 2013,7,349 Taiwanese received high education on the mainland.Chinaedu.com said this number had risen between 40 to 50 percent annually in the last decade with well over 1,500 entering mainland campuses last year.
3.Based in the Chinese city of Guangzhou,the Internet site provides education service and information on Chinese mainland colleges and universities."Many Taiwanese believe a Chinese mainland education helping them to learn more about the people and culture in the mainland,and it will increase their chances in Chinese job market,"Chinaedu.com president Mark Ling said."I believe it will give me hands-on experience in the media of the Chinese mainland and a better understanding of the Chinese mainland people,"said Maria Wang,an 18-year-old student majoring in communications at Nanjing University. Wang has a plan to continue her education and get a master's degree in mass media in Beijing,where she believes provides the best environment for such studies and opportunities for future development.
4.Li,a postgraduate student at Taiwan Furen University said he was inclined to study business administration in the Chinese mainland,because there will be better prospects for careers now that more Taiwanese companies are going there.
5.A large number of business executives would like to send their children to study in the Chinese mainland too."They hope the children could build up connections which could later become useful in their business operations."said Yuqin Ma,professor of the Chinese mainland studies.

Paragraph 3___________
A:Good career prospects brought by Taiwanese companies
B:The educational exchange between the mainland and Taiwan
C:What have learned in the mainland will bring a bright future
D:More Taiwanese students study in the Chinese mainland
E:The number of Taiwanese students is increasing dramatically
F: Education in the mainland is more attractive

On which of the following would the author most probably agree? （　　）.

A.Foreign investors should move their manufacturing capability closer to the consumer
B.China's wage inflation will wreak a pohtical havoc in the future
C.Foreign investors should flee to neighboring countries, such as Vietnam
D.There's plenty of room to improve efficiency at Chinese plants

Nancy Liu amved in Sydney from China as a"skilled immigrant"with an economics degree 14 years ago.With her husband,she set up a business consultancy in the suburb in southem Sydney.However,Liu was only an epitome of thousands of Chinese investors.Since then,Chinese investment has transformed the city:many of its shop signs are now in Chinese.Ms Liu was a forerunner of a new wave of Chinese immigrants to Australia's oldest and biggest city.Hong Kong once supplied most of Australia's Chinese settlers,but over the past few years the pattern has shifted.Now it is the rising middle classes from other places of China who go there,looking for a more relaxed life style.About 4%of Sydney's people were bom in China.Currendy,China has become Australia's biggest trading partner,and its largest source of foreign students.

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

The third paragraph tells that （ ）

A.It’s not difficult for China to achieve its target of creating 11 million jobs
B.there are enough vacancies for young people from the rural areas in India
C.the developed economies enjoys a better income growth
D.more Chinese will borrow to increase their spending power

资料：Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world's second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
So, based on their income and potential to borrow, the Chinese have spending power and the potential to increase it. The growing muscle of Chinese consumers is not, of course, a new investment theme when it comes to Asia. But at a time when wage growth is muted in other large economies, such as the US and the Eurozone, the situation in China is surprisingly overlooked rather than celebrated. Disposable income per household in China rose 7.3 per cent in real terms in the first half of this year. That surpasses the 6.9 per cent pace at which the economy expanded in the period. Moreover, the number of jobs created in urban areas came in at 8.55m in the first seven months of 2017, according to data from JPMorgan, not too far from the year-end target of 11m. In sharp contrast, India is generating roughly 1m jobs a year at a time when it needs to fashion 10 times more to absorb the youth streaming in from the countryside in search of a better living.
It's not just the level of income that is improving in China. Its distribution is too. The government is spending more on a social safety net, and provides more by way of pensions and medicines, including medical care and education.“In a way this is catch up,” Haibin Zhu, chief China economist at JPMorgan, says of the income growth in China. “In a way it reflects the fact that the working age population is declining. But for the past 10 years income is going up for the majority of people steadily and gradually.”
It's an especially notable achievement given that some of the other forces at work in the Chines economy are far from helpful. The expansion of the sharing economy and ever growing role of technology across most sectors is ultimately deflationary. Automation is increasingly displacing manufacturing jobs. At the same time, sophisticated computers are now eliminating low end service jobs.
As investors survey the effects of income growth, it is the new economy, with its emphasis on services and consumption, and private companies in it, that are the beneficiaries as they cater to the appetites of a growing middle class. Mr Chadha, for example, is a fan of companies such as Ctrip, an online travel app, healthcare, insurers such as Ping An, （rather than the state owned behemoths） and internet and e-commerce firms. Ctrip for example has 75 per cent market share in online travel.

Which of the following statement is false?

A.The work force in China has increased in past ten years
B.internet firms benefit a lot from the income growth
C.The Chinese government is improving the social welfare for people
D.the per capita income in China is expected to $12,500 in eight years

共用题干
A New Educational Feature

1.There is a distinctive and comparatively new feature of the Taiwanese Education. In recent years,more students from Taiwan are seeking education in the mainland.
2.The number of Taiwanese students admitted into college and postgraduate programs in the mainland,according to official Chinese figures,totaled 1,264 in 2000,2,470 in 2002 and approximately 3,700 in 2004.The latest official numbers indicated that by 2013,7,349 Taiwanese received high education on the mainland.Chinaedu.com said this number had risen between 40 to 50 percent annually in the last decade with well over 1,500 entering mainland campuses last year.
3.Based in the Chinese city of Guangzhou,the Internet site provides education service and information on Chinese mainland colleges and universities."Many Taiwanese believe a Chinese mainland education helping them to learn more about the people and culture in the mainland,and it will increase their chances in Chinese job market,"Chinaedu.com president Mark Ling said."I believe it will give me hands-on experience in the media of the Chinese mainland and a better understanding of the Chinese mainland people,"said Maria Wang,an 18-year-old student majoring in communications at Nanjing University. Wang has a plan to continue her education and get a master's degree in mass media in Beijing,where she believes provides the best environment for such studies and opportunities for future development.
4.Li,a postgraduate student at Taiwan Furen University said he was inclined to study business administration in the Chinese mainland,because there will be better prospects for careers now that more Taiwanese companies are going there.
5.A large number of business executives would like to send their children to study in the Chinese mainland too."They hope the children could build up connections which could later become useful in their business operations."said Yuqin Ma,professor of the Chinese mainland studies.

Receiving an education in the mainland could help Taiwanese students in the business field because they can get_______.
A:practical experience
B:business operations
C:good quality education
D:culture and people there
E:a good chance
F: the favorable circumstance