(UEPB - 2014)
How money works: Will China on us all?
It’s no secret China has been booming while the West declines. In fact, it’s been growing so fast it’s expanding overseas, too: buying up businesses in the UK, U.S. and elsewhere. So, how worried should we be?
Napoleon once said, apparently. ‘Let China sleep because when she wakes she’ll shake the world’.
Indeed, for much of the industrial revolution, China was taking a nap — so to speak. But in 1978 things began to change. The Communist country encouraged private enterprise and unleashed its biggest asset: 975 million citizens.
Where then ensued mass migrations to urban areas where people took up jobs in factories to manufacture goods for export. Since then the economy dubbed ‘the dragon’ has doubled its slice of the global economy and it’s predicted that by 2016 China will be the world’s biggest economy.
Can anything stand in the way of the Asian powerhouse?
From Yahoo Finance UK Friday Mar 8, 2013.
Which group of words from text consists ONLY of nominal groups?
buying up, the Communist country, economy dubbed, the global economy.
the industrial revolution, to manufacture goods, buying up, the Asian powerhouse.
the Asian powerhouse, the global economy, buying up, look up.
the Asian powerhouse, the Communist country, the industrial revolution, took up.
Gabarito: the industrial revolution, the Communist country, the global economy, the Asian powerhouse.