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Task3: Cars sell well in China.
Script
Although automobile2 prices in China are among the highest in the world, cars are still selling like hotcakes, the Beijing-based reported.
Statistics show that China has been the top consumer of limousine3 brands such as Rolls-Royce and Bentley, and their sales volume accounts for almost 20 percent of the total in the whole Asian continent.
According to German figures, China has been the biggest market for BMW and Mercedes-Benz in the world, combined with a sales volume between 6,000 to 7,000 units every year.
The newspaper said various famous international car makers4 are competing with one another now for more market share in China. Mercedes-Benz is cooperating with Chinese institutions on car research and plans to establish a design center here. Meanwhile, Volkswagen, also from Germany, has set up a new lab center in Beijing. The founding of these research and design centers indicates that the competition among multinational5 car producers in China now includes research in addition to sales.
As a price gap exists between China’s and the international auto1 market, the returns on luxury cars from the domestic market are much higher than the five-percent profit margin6 in the international market. Over 30 percent of the manufacturers’gains resulted from spare part sales.
Considering the steadying market demand experts estimated that the prices of luxury cars would not decrease by large margins7 this year.
The newspaper noted8 that major consumers of luxury cars in China are entrepreneurs, professional managers of foreign companies, professionals with high incomes,and young white-collar workers.
1 auto | |
n.(=automobile)(口语)汽车 | |
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2 automobile | |
n.汽车,机动车 | |
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3 limousine | |
n.豪华轿车 | |
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4 makers | |
n.制造者,制造商(maker的复数形式) | |
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5 multinational | |
adj.多国的,多种国籍的;n.多国籍公司,跨国公司 | |
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6 margin | |
n.页边空白;差额;余地,余裕;边,边缘 | |
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7 margins | |
边( margin的名词复数 ); 利润; 页边空白; 差数 | |
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8 noted | |
adj.著名的,知名的 | |
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