京都で英会話を習うなら!四条烏丸より徒歩5分
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Topic: Chinese State Capitalism
Part1: Reading
[Vocabulary]
over-leveraged: (adj.) (of a company) having taken on too much debt
in light of: (phrase) something is being evaluated in the context of specific information – similar to because of
lobby: (v.) try to influence public officials towards a direction that benefits oneself
rev up: (v.) become more active
telecom(munication): (n.) the exchange of information by electronic means, such as telephone, TV or internet
drive out: (v.) to force someone or something to leave (in this case, drive out competition from the market)
perks: (n.) additional benefits
flexibility: (n.) the ability to change and adapt to different situations
divest: (v.) the act of selling or disposing of assets or investments often as a strategic financial decision
stagnation: (n.) not changing; not improving
Part1: Video
Vocabulary:
acquisition: (n.) taking control or purchasing a resource/company
royalty: (n.) a payment made to a company by another company every time their assets are used, such as franchises or copyrighted works
allocation: (n.) distributing resources (such as stores in a country, funds for different services within a company)
revert (back): (v.) go back to; return
untapped: (adj.) (of a resource or opportunity) not yet explored (by a business).
Discussion Questions:
- Do you know/why do you think China decided to open their economy but maintain a socialist government?
- Companies like McDonald’s are capitalist villains and should not be doing business in China. Discuss.
- Do you think McDonald’s model of operation will eventually become obsolete?
