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China is already the world's third largest producer of electronics, and ing a player in the global appliance market. Twenty years ago, ., European and panies started moving into China to supply the local market with household goods. Now those panies are getting whipped by petitors. Over the past six years, the market share of foreign TV makers in China has dropped from 70 percent to less than 20 percent. Matsushita opened the first microwave-oven plant in China in 1995. Two years later the pany Galanz started making microwaves and selling them for half Matsushita's price.
panies now make more than 43 million TVs yearly. Konka, one of China's largest TV makers, sells its branded TVs in the United States, and has set up factories in Mexico to service the American market; While TCL, another major TV maker, exported 11 million units from its Chinese factories last year. It has more Southeast Asian factories than any other pany. (164 words)
1. This passage is primarily concerned with
A. the world's third largest producer of electronics B. Chinese panies
C. China's largest TV makers D. the increase of China's electronics
2. What do “whipped” mean?
A. beat with a whip B. won C. defeated D. suffered
3. What is the decreased rate of the market share of foreign TV makers in China?
A. 70% B. 20% C. 50% D. 20%--70%
4. When did Galanz start making and selling microwaves?
A. 1993 B. 1994 C. 1995 D. 1997
5. Which of the following produces more TV sets?
A. Galanz B. Konka C. TCL D. Unknown
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The China boom is by now a well-documented phenomenon. Who hasn't heard of the Middle Kingdom's startling economic growth (8 percent annually), its enormous consumer market ( billion people), the investment ardor of foreign suitors ($40 billion in foreign direct investment last year alone)? China is an economic marvel. According to Nicholas Lardy of the Brookings Institution, a Washington .-based think tank, "No country has expanded its foreign
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