BILKENT UNIVERSITY SCHOOL OF ENGLISH LANGUAGE

MATERIALS DESCRIPTION FORM

LEVEL: INTERMEDIATE

THEME: Economy TITLE OF THE MATERIAL: “China’s Slowing

Economy Affects Stock Market Worldwide”

SKILL: LISTENING OBJECTIVE(S) (Tick and fill in as appropriate)

Students will have practiced 

 Activating schemata

 Studying topic related vocabulary

 While listening / Gap-filling

 Summary writing

SOURCE(S):
 www.voanews.com
 2018-2019 ACADEMIC YEAR PERIOD 2
INTERMEDIATE MAKING CONNECTIONS 2
LISTENING MATERIAL

China’s Slowing Economy Affects Stock Market Worldwide

Pre-listening
 Do you follow the news regularly? How?
 What are the countries that affect the global economy?
 What are the current issues worldwide?
Vocabulary Study
In groups, study the words below. Check the meanings and word forms and try to find
synonyms. Decide which words you need to keep in your active vocabulary.

volatile stock  
volatility put a halt  
benchmark loans  
anticipate devalued  
reversed devaluation  
indexes slipping

Guided Note-taking

China's Slowing Economy Affects Stock Markets Worldwide

Problems in China’s economy  a volatile stock market and slowing exports. 

China’s economy Markets around the world are influenced.
The Shanghai Composite Index China’s benchmark stock index,
________since June after reaching over 5,000 points.
As of Wednesday decreased _________.
Stock prices have _________ and ________ value sharply.
Recent weeks increased volatility in financial markets
 -influenced by  ________. 
stock exchanges indexes  in ________________  all shown
volatility.
Share prices in major European indexes in
Britain, Germany and France ________.
Measures to stop  China steps to try to put a halt to slipping share ________.
market volatility The government  billions of dollars in loans 
July stock exchanges halted trading of ________ listed stocks in
an effort to stop prices from falling.
Tuesday China’s central bank  make _________
- To ________ the economy 
- To stop sharp ________ in stock markets.

The bank reduced interest rate by _________ to ________.

China  reduced the amount of reserved money in banks.
The People’s Bank of China 
more than __________ in short term loans to increase
money available to banks and __________.
Currency  Chinese officials  devalued the country’s currency, the yuan.
devaluation In two days, the yuan lost more than three percent in value.
Slow increases in the exchange rate of China’s currency is reversed.
The devaluation China’s economy _________.
August China’s exports ____________________  in July
compared to previous year.
That was more than expected and added to
concerns about China’s economy.
Slowing growth in China not unexpected. 
Kevin O’Leary of O’Shares Investment  predictions
may have to change.
That's _________  than anticipated.
Economist Nicholas Lardy a leading expert on China’s economy.
China is very important  the second _______ in the world
 the second ________ economy
- if China’s economic performance suffers, the rest of
 the world is going to pay a price.”

Summary:
Fill in the summary of the text by using your notes. Do not use more than three words.
According to The Shanghai Composite Index, China’s benchmark stock index has decreased
more than (1)__________ as of Wednesday. In recent weeks the reason for the
increased volatility in financial markets is the events in (2)___________. The Chinese
government tries to stop market volatility and in July, stock exchanges stopped trading of
(3)____________ listed stocks to stop prices from falling. Also, on Tuesday,
China’s central bank made borrowing easier to (4)_______________ the economy and to stop
sharp (5)____________ in stock markets. In addition, The People’s Bank of China also
provided more than $23 billion to increase money which is available to (6)_______________.
The devaluation in Chinese currency, yuan, shows that Chinese economy is (7)___________.
Because of the devaluation in yuan, in August China said that its exports decreased
(8)________________ in July compared to the previous year, which was more than expected.
Slowing growth in China is expected. Kevin O’Leary of O’Shares Investment says they think
China is going to grow 5 or 6 percent, which is (9)_______________ growth than anticipated.
Economist Nicholas Lardy says the main reason China matters so much is it’s the second
(10)____________ and (11)________________ economy in the world.