wed technology gap leads to Nora: OK, I' ve learned a lot from you. Now i feel more confident about the seminar. Now your TL Task I SAMPLE DIALOG Pamela: Still reading about how the bubble's going to burst in the real estate Simon: Yeah, and this is an interesting article, though what it says may not be true I think the market is going to be stabl Pamela: I agree. At present, the governments policy seems to be stabilizing property prices and why some people So muc money on real estate? What was behind this big rush to buy houses last Simon: Since the interest rates on bank sav ings were quite low, and the stock market remained a bear market for a long time, it's not surprising that Sing prop Pamela: Were there any other reasons for the race to buy houses last year? Simon: Yeah, a number of other reasons: Some buyers searched for status symbols some wanted to live more comfortably, and still others expected fu Pamela: Amazing. So many people earn enough to buy a large apartment or even two houses Si Inton Most of them don t, they buy on cred it Pamela: The article says too much debt may burst the bubble Simon: But I think the market will remain stable. at least in the near future V. Let's talk Script Journalist: Professor Williams, some people argue that the gDp does not reflect the true nature of the economy. What's your opinion of the GDP Professor: The gDP is a core index in the calculation of a national economy. But it shows only whether the economy has grown in a region or a country What isnt taken into account is the price being extacted from our natural resources and environment to support growth Chinas more than eight percent annual gDP growth in the past depended a lot on high energy consumption and uncontrolled discharge of wastes 66 narrowed technology gap leads to a narrowed economic gap. Nora: OK, I’ve learned a lot from you. Now I feel more confident about the seminar. Now Your Turn Task 1 SAMPLE DIALOG Pamela: Still reading about how the bubble’s going to burst in the real estate market? Simon: Yeah, and this is an interesting article, though what it says may not be true. I think the market is going to be stable. Pamela: I agree. At present, the government’s policy seems to be stabilizing property prices. But I don’t understand why some people spend so much money on real estate? What was behind this big rush to buy houses last year? Simon: Since the interest rates on bank savings were quite low, and the stock market remained a bear market for a long time, it’s not surprising that investment in housing property rose. Pamela: Were there any other reasons for the race to buy houses last year? Simon: Yeah, a number of other reasons: Some buyers searched for status symbols, some wanted to live more comfortably, and still others expected further rises in property values. Pamela: Amazing. So many people earn enough to buy a large apartment or even two houses. Simon: Most of them don’t; they buy on credit. Pamela: The article says too much debt may burst the bubble. Simon: But I think the market will remain stable, at least in the near future. V. Let’s Talk Script Journalist: Professor Williams, some people argue that the GDP does not reflect the true nature of the economy. What’s your opinion of the GDP measurement? Professor: The GDP is a core index in the calculation of a national economy. But it shows only whether the economy has grown in a region or a country. What isn’t taken into account is the price being extacted from our natural resources and environment to support growth. China’s more than eight percent annual GDP growth in the past depended a lot on high energy consumption and uncontrolled discharge of wastes