[主观题] 【翻译】Chinese official stress the importance of introducing advanced technology to domestic industry，but the need is for technology of varying degrees of sophistication，not necessarily for advanced technology as that term is understood in the West.

1、[名词解释]privatization

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2、[主观题]【翻译】Administration officials see little risk that this more aggressive policy could escalate into a full-fledged trade war that would shock the world's fragile economies.Thus，the administration will not be deterred by complaints that it has moved to"protectionism."

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3、[主观题]【翻译】Financial stress brought on by excessive debt in the household and corporate sectors was an example of another kind of structural problem，in particular for the economies of Japan and the United States.Financial institutions in these two countries adopted more conservative lending policies，curtailing financing of higher-risk projects such as commercial construction and highly leveraged corporate transaction.A number of weaker institutions were also consolicated through bankruptcy，merger and reorganization.

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4、[主观题]【翻译】International conditions for growth in developing countries deteriorated in 1991.The Seven major industrial countries(the G-7)experienced a significant slowdown in GDP growth-from 2.8 percent in 1990 to 1.9 percent during 1991 as recession gripped Canada，the United Kingdom，and the United States and growth rates slowed in Continental 5 Europe and Japan.In important respects.The slowdown was different from those that occurred during the 1970s and 1980s.Rather than reflecting the effect of disinflationary policies，weakness in demand was more closely related to the loss of momentum that had built up during the long period of expansion that began in 1983.In addition，a common factor underlying the slowdown in many industrial countries was the cyclical deceleration in investment spending.

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5、[主观题]【翻译】Although the weakness in demand in the United States led to a sharp decline in short-term dollar interest rates—a positive development for many developing countries—it also contributed to a drop of over 6 percent in nominal commodity prices and to a slackening，to 3 percent，in the growth of world trade.These trends were compounded by worsening economic conditions in the soviet Union and its successor states，where a growing shortage of foreign exchange led to a compression of import from Eastern Europe and an acceleration of certain commodity exports to earn hard currencies.

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