实战口译(文本)

unit1 1. It is a real pleasure to be here to open the third meeting of our forum and to be welcoming such a distinguished and influential group of people from both our countries, many of whom are now old friends. The forum aims to represent the strength of the relationship between our two countries outside the political relationship and looking round today it is clear that the relationship is very strong indeed. 2. It is s sign for me that the forum goes from strength to strength and I believe it is playing a key role in the relations between our two countries as confirmed by the Prime Minister in our call on him this morning. This year, we have taken the theme “the challenge of Globalization” our meetings and discussions. This theme has a particular resonance for me. 3. On 11 September, I, along with a number of world statemen, was in Beijing to discuss china and the world in the 21st century. None of us could possibly have known as we debated economic development, environmental change and security issues what was going to happen that day. But many of the speakers warned of the fragility of the world order. It made me realize more clearly than at any other time just how very important “understanding” between the nations of the world is. 4. Our forum, and the discussions we will have in the next day and a half, is part of this vital process of understanding. Globalization is a challenge for all of us, both developed and developing countries and we have a lot to share and learn. As globalization increases and as all our countries come to terms with the global reach of many industries, we can, as different nations, work together to understand the issues and effects these developments bring. 5. People can only grasp these opportunities. People talking, travelling, exchanging ideas and experiences. And that is what we are here today to do. Our discussions here will centre around a number of very interesting issues: trade and the environment in the globalisation of the economy , chinese culture facing the world, e-learning and e-commerce, balancing public purposes and commercial interests in the media, and China after WTO to name but a few. 6. As far as I can see, joining the WTO presents the huge challenge for China. The requirements of joining WTO for corporate governance, for transparency and for reliable and enforceable laws. Whilst producing some pain in short term, will no doubt be part of the way in which economic growth can be encouraged and sustained. I personally am much looking forward to my own involvement in the discussions on small and medium sized enterprises. 7. China?s decision to embrace the dynamism of the private sector brings up the role small firms can play in achieving rapid growth and innovation. They are, and can be, a significant engine for economic development. Therefore, we have much work to do in our forum. We want to show our Chinese friends how much of a partner the UK can be but also that as a sign of a mature and true relationship, we can afford to be frank and open in our discussions with one another. 8. This will be particularly true in the sessions on issues of competitiveness and corporate governance that will be held tomorrow. We ate building on discussions and relationships that are already well founded and I believe that this forum will take the special role that our meeting plays in the relations between our two countries further forward. Unit3 1. In the space of a single generation, relations between the UK and the Peo ple?s Republic of China have been transformed. Government-to-government and business-to-business links are closer and more varied than ever before. But the most exciting changes have been in the links between the British and Chinese peoples. Chinese communities have long existed as a respected and cherished presence in British cities. 2. But today , more and more British people are visiting China to see for themselves the new dynamism of great cities like Beijing, Shanghai and Guangzhou. We are re-discovering China?s incomparably rich cultural heritage, as well as its immense economic potential. The Chinese are re-discovering Britain, too. We are delighted to welcome more Chinese visitors to our country each year. Many more Chinese are finding out about Britain through modern media like television and the internet. 3. Indeed , there are more Chinese people learning the English language than there are native speakers of English in the world today. This growing relationship is measurable, too, in financial terms. British firms now have a huge presence in China, a sign of their confidence in the country and its future. The UK is the largest European investor, and a British company, BP, is investing more capital in China than any other foreign firm. The largest foreign manufacturing investment in Western China is also British. 4. The UK is China?s second largest European trading partner. British exports to China last year, at $3.72 billion were up 17% on the year 2000. China?s exports to Brit ain are at an all-time high. Many Chinese enterprises now regard Britain …s flexible and open economy has an ideal launching pad into the wider European market. All this is a far cry from 1972, when the UK and the PRC first exchanged Ambassadors. Then, there were virtually no Chinese student in Britain. Today, there are over 20,000 – one of the largest overseas communities at our universities. 5. Then , there were no direct air services between Beijing and London . this year , more than a quarter of a million British tourists will travel to China, then , no serving British Prime Minister or Foreign Secretary had ever visited chan. last year , there were visits from eleven British ministers. The changing nature of international relations requires governments to work ever more closely together for their mutual benefit. In the globalised world economy, the security and prosperity of individual countries often depends on events beyond our borders. 6. We are interdependent as well as independent. Challenges such as fighting environmental damage ,ensuring global human rights are properly observed, removing barriers to trade and investment , and reducing poverty , have become truly global issues. They loom larger on the agendas of multilateral organizations like the UN, the WTO and ASEM. In the 21st century , bilateral relations between countries will depend on progress on issues like these. 7. As two of the five permanent members of the UN Security Council, our government work together on a daily basis on problems affecting every corner of the world. Another change in the relationship between Britain and China has been developments in Hong Kong. I am delighted that Hong Kong has prospered since 1997, and that “one country , two systems” is proving such an effective approach. 8. As a signatory of the joint declaration, he UK has an abiding interest in the continued well-being of the Special Administration Region. But this is only a part of our wider commitment to China, we are increasing the resources we allocate through our department for international development to poverty reduction in China from 25m this year to 60m by 2004. Unit5 1. Good morning everybody. And welcome to the launch of our new L50, and to this presentation . In a way, launch is no longer the correct word. Many of you have already had a chance to get to know the new car in your test drive this morning. So , i will not dwell on the technical capabilities of this car. What i would like to do is to share with you the thoughts that have gone into developing this new model so that you?ll have a better idea of why it?s such an exciting car to drive. 2. I will also talk a bit about what has been happening in our company –the direction we are heading, our strategy, and our ambitions. After that, I?ll talk about some of the major stages in our design and development of this model. After this presentation , We?ll have lunch, which is served in the main conference hall. Our chef has promised a few surprises. I …m curious as you are about what these might be , but , back to the presentation. 3. Our new L50 is the first in a family of new car to be launched this year and in the next couples of years. It?s the result of the most ambitious investment in our company?s history-125m, in design and development, in production capabilities, in sales network and in our own people. The investment is base on our understanding of the market and our goal for the future. so what are they then? 4. We want to sell 800,000 cars a year for the next 5 years . so far this year, we?ve already sold 560,000,and congratulations to those of you that have contributed to this success. This represent nearly 20 % increase over the previous year at a time when the market had declined by nearly 10% .much of the increase sales have come from the commitment and dedication of our dealers and our staff . thank you and well done. 5. The launch of this L50 will mark the beginning of a series of launches, giving us a full range of new cars, 3-door,5-door, estate, diesel, and from 1 liter all the way up to our luxury 2 liter saloon. A convertible and a 4-wheel drive are also in the final design stage. With this new family, we?ll be able to compete robustly with any competitor in US, and will be able to take on the EU market too. But products alone are not enough. 6. We?ve put substantial amount of money and effort into upgrading our retail operation , into our dealer network and into our own sales forces. This is built on our in-depth knowledge of our customers, what they want and what they need. It is base on the strength of our brand. If you visit one of our re-branded showrooms, you?ll get a strong impression of our brand and what we stand for. We are taking market shares from our competitors. .we are on target to take even more. 7. We believe that the most effective way of getting more customers and growing our business is by new cars. Not just any new cars. It had to be new cars that re-enforce our brand value. Having test driven the L50, I am sure you will all agree with me that the new L50 is exactly that-an embodiment of performance, safety, and functionality. These are the core elements of our brand value. These are features that have caught the attention of media across Europe. These will be repeated in each and every new member of the family. 8. That?s all I?d like to say at this stage. My colleagues will now take you through some of the highlights in the design and development. This is a short video we produced just before this launch. It is meant to answer some questions, what is the thinking behind this development? How do we translate concepts into a new model? How does our core value influence the thinking of people on the factory floor and in showrooms? Ladies and gentlemen, the new L50. UNIT 7 1. Traditionally HM Treasury , along with the bank of England ,has been responsible for deciding all aspects of the UK?S economic and financial policy. Following the 1997 election, in which the Labour Party came to power, the macroeconomic policy framework has been reformed. The aim of this reform is to help provide a framework for improved macroeconomic stability and economic growth. 2. I would like to explain the key features of the UK economic policy framework, identify the key institutions, their leaders and main responsibilities. There are three main institutions. The first is HM Treasury which is responsible for the overall economic framework and for fiscal policy in particular. It is led by the Chancellor, Gordon Brown who is an elected politician. 3. He is supported by 4 junior minister with specific responsibilities, who are also elected politician . the ministers receive advice from three main source: civil servants, political advisers. And for some specific projects, business leaders also prepare advice. Fiscal policy is decided through two main processes: the budget and the spending review process. 4. The budget is presented each spring to parliament. It sets out tax policy for the year. Since 1997 there has also been a pre-budget report. This explains progress and suggests some ideas for discussion. Later in the spring budget s decision is made. Spending policy is decided every three years. There are two main elements of spending policy. Both are decided at the same time. 5. One , the amount of money which each department receives and two, using this money, targets each department will achieve. For example for the education department a target for how many children pass exams. The second main institution is the bank of England . it is led by someone non-political, at the moment, Eddie George. In 1997 it was given full independent to set interest rates. A committee , which includes a Treasury civil servant , makes the decision. 6. The level of interest rates is set in order to achieve a certain rate of inflation. This target is decided by the chancellor. Therefore although the bank can decide the level of interest rates without any interference, the macroeconomic position is guided by an elected politician who is responsible to the country. The bank also deals in the foreign exchange market. 7. Finally, the financial services authority is responsible for monitoring and regulating the financial services industry. It has four main aims. One, maintaining confidence in the UK financial system. They supervise stock exchanges . two ,promoting public understanding of the financial system. They help consumers to become informed consumers, so that they can manage their financial affairs more effectively. 8. Three , securing the right degree of protection for consumers. They monitor how firms and individuals are meeting standards. Where serious problems arise they investigate and, if appropriate, discipline or prosecute those that have violated rules, four, helping to reduce financial crime. Their work focuses on three main types of financial crime: money laundrying, fraud, and criminal market misconduct such as insider dealings Unit 9 1. Your Excellencies, distinguished guests, my lords, ladies and gentlemen, it is with great pleasure that I welcome you tonight to this magnificent castle. We warmly welcome you and your distinguished delegation to Wales. Wales is small country compared with China, however , the welsh people have made a significant contribution to the development of the UK and to the part the UK has played throughout the world. 2. Welsh companies make an important contribution to the UK economy. Some are represented here this evening. Many already trade with China. Mangy more would like to do so. This is one aspect of the growing relationship between our two country. China is a focal point for trade and investment form Wales. Wales?s exports to China are valued at over 25millio n. It?s good, but not good enough. I would encourage welsh companies to do better. 3. I would like also ask you, Mr. chairman, to help increase the awareness of Wales among Chinese companies , particularly among Chinese companies that are considering their first move into Europe. For many years, Wales has been on e of the most popular destinations for foreign investment in Europe , Investors in Wales have brought over 12 billion into the country and contribute to reinvest once established. 4. Investors are not limited to US and Europe . many companies from the far east have chosen to establish their European operations here. Our welsh development agency has set up an office in China, it demonstrates our commitment to your country. Meanwhile , welsh companies are increasingly focused on outward investment and establishing joint venture with partners in China. China?s accession to the world trade organization will present new opportunities for both our economies. 5. Developing special relationships with China is something to which we attach great importance, not only through trade but in other areas such as science , education, and justice, recently , the welsh science mission visited China, the visit raised Wales?s profile with the Chinese scientific community, it also established an exchange scheme in which welsh scientists will benefit. 6. The warm reception the delegation received in China was a clear signal of the highly productive relationship which Wales and China have developed. During the visit, we signed a memorandum of understanding with our Chinese counterparts in the scientific community. This will encourage and facilitate greater scientific cooperation between China and Wales. I understand that tomorrow morning , there will be several working group meetings to explore other areas of common interest. I look forward to receiving their report in due course. 7. Mr. chairman , as you are aware, there has been contact at ministerial level. Not long ago, we were delighted to receive a visit from his Excellancy Mr. Wen Jiabao. as you know already, his visit was a great success. In return our deputy first minister has just accepted a generous invitation to lead a delegation to China later this year. They will be visiting Beijing ,shanghai , and Guangzhou. They are looking forward to this visit. 8. These visitors are clear signals of the highly productive relationship which Wales and China have developed. Judging by the crowd that have gathered here tonight. I am very confident that the relationship will continue to grow. Thank you for taking the time to include a visit to Wales in your busy and demanding program. We are honored by your presence here this evening and would ask you to take back with you the warmest good wishes from the people of Wales and the UK , may I now propose a toast. Unit 11 1. Welcome to Pfizer- the world?s largest , ,most valuable and fastest –growing pharmaceutical company. Ours is a noble purpose: to help realize humanity?s quest for longer , healthier, happier lives. Our mission is to become the world?s most valued company in serving patients, customers, colleagues ,investors, business partners and the communities where we work and live. We now employ 90,000 people worldwide, turning well over 30 billion a year. Spending more than 5 billion a year on research and development. Our products are available in more than 150 countries. 2. It all start back in 1849, when Charles Pfizer & company opened as a fine-chemicals business. It was a modest red-brick building in the Williansburg section of Brooklyn , New York. it served as office , laboratory, factory, and ware house .the company?s first product was santonin-a palatable antiparasitic which was an immediate success., for the past 154 years. pfizer has been discovering , developing , manufacturing, and marketing leading prescription medicines for humans and animals and many of the world?s best –known consumer brands. 3. Pfizer is built on three pillars: a broad portfolio of human pharmaceuticals meeting essential medical needs; a wide range of consumer products aimed at self-care and well-being ; and health products for livestock and companion animals. research and development is the lifeblood of our business. To continue our heritage of innovation , we support the world?s largest privately funded biomedical research organization ,engaging 12.000 scientists and other research colleagues worldwide. 4. We currently have nearly 100 new medicines in various stages of development, and are working on dozens of new uses for our current medicines. Our targets include many of humanity?s most feared illness, including cardiovascular disease, diabetes, Alzheimer ?s ,cancer ,HIV/AIDS ,depression and schizophrenia.(精神分裂) pfizer is also a leader In contributing to the development of communities where we live and work. 5. We have pioneered numerous initiatives to improve access to medicines including the international Trachoma Initiative, (沙眼) aimed at the world …s greatest cause of preventable blindness,and the Diflucan partnership , aimed at HIV/AIDS patients in developing nations. Through the pfizer foundation, we are building with our partners an advanced infectious disease treatment and medical education center in Kampala, Uganda. 6. In the US , we sponsor the pfizer for living share card. A program that provide eligible, low-income medicine recipient without prescription drug coverage the opportunity to purchase a 30 –day supply of Pfizer medicine for 15 per prescription. A career with Pfizer is one of the most rewarding choices you can make. Pfizer has been recognized as one of the nation?s best employers and most admired company. We seek talented people from a broad array of disciplines and prize diversity of thought and experience. 7. Our company is thoroughly grounded In our values. They begin with a prized personal and organizational quality-integrity-and end with a shared concern for community. Our values include leadership, innovation, performance, teamwork, customer focus, and request for people. These values guide every decision we make, everywhere we make them, as you can sense by now, these are exciting times for our company. 8. We demand of ourselves and others the highest ethical standards, and our products and processes will be of the highest quality. We are deeply committed to meeting the needs of our customers. And we constantly focus on customer satisfaction. We play an active role in making every country and community in which we operate a better place to live and work. I hope you will enjoy your visit for the rest of the day, thank you. Unit 13 1. Standard Chartered is the world?s leading emerging market bank. It employs 29,000 people in over 500 offices in more than 50 countries in the Asia pacific Region, south Asia, the middle east, Africa, united kingdom and the Americas. Our global headquarters is in London. The bank serves both consumer and wholesale banking customers. The consumer bank provides credit cards, personal loans, mortgages, deposit taking activity and wealth management services to individuals and medium- sized business. 2. The wholesale bank provides services to multinational, regional, and domestic corporate and institutional clients in trade finance, cash management, custody , lending, foreign exchange, interest rate management and debt capital markets. Like all companies we are operating in a climate of massive change. We are therefore developing new strategies to ensure that our business keeps abreast of the moves to apply the principles of corporate social responsibility. 3. Standard Chartered recognizes its responsibilities to its staff and to the communities in which it operates. We believe that with appropriate policies and practices in place we can be a legitimate influence for good by promoting the best standards of socially responsible business in the developing world. By doing so we hope to stimulate positive change and greater engagement. Standard Charted strives to operate in a manner that meets or exceeds the ethical , legal, commercial, and public expectations of society. 4. Our objective is to benefit all of our stakeholders including our shareholders, customers, staff and the communities in which we operate. We strongly support the trend towards delivering shareholder value in a socially, ethically and environmentally responsible manner. We also believe that improved transparency through reporting and improved engagement through dialogue offers clear benefit, not only for society, but also for standard Chartered. 5. A responsible organization will be better able to attract and retain its customers, employees, shareholders and suppliers. It will operate with greater cohesion and clearer focus. It will be better able to listen and respond rapidly to changing needs and markets. Responsibility, dialogue ,action and reporting are the key elements in a virtuous circle through which everyone benefits. We are proud to promote our support for corporate social responsibility. 6. Standard Chartered offers personal financial solutions relevant to you as an individual . some of these include priority banking, credit care, insurance, personal investment as well as retail services. We treasure building a relationship with you, developing an understanding of your changing financial needs at different stage of your life. Our long heritage of nearly 150 years had enabled us to change with time. Offering quality products by means that are convenient to you. 7. Business financial services offer one of the widest range of banking products and services in the market today. Managing a growing business demands most of you time and energy. That is why working with the right bank can help your business sail more smoothly. Corporate & Institutional banking provides cash management, custody and trade finance services. We offer a one stop risk management solution to our customers-the local corporate, multinational companies, investment and financial institutions, and central banks. 8. Corporate & Institutional banking provides cash management , custody and trade finance services through our strong market networks in Asia, Africa, the Middle East and Latin America. we provide a bridge to these markets for clients form the US and Europe. With 150 years in the emerging markets the bank has unmatched knowledge and understanding of its customers in its markets. Unit 15 1. Prudential was founded in 1848. As the prudential mutual assurance, the investment and loan association in London. The company grew from a small life assurance company, with a customer base limited to the well-off middle classes, to Britain?s largest life company by number of policy-holders. In 1854 prudential opened its industrial department and began to sell ”penny policies” that could be afforded by poorer people. 2. The department really began to expand in 1856 when the company pioneered infantile insurance, allowing parents to insure the lives of children under the age of ten. By keeping statistical records about policy-holders, prudential was able to calculate accurate premium rates and improve the benefits payable on policies. By the turn of the century one third of the population was insured with “ the pru“ .by the mid 1970s, the company started to employ lady clerks and use “ modern “calculator and typewriters. 3. By 1900 there were nearly 15,000 agents collecting prudential premiums. Until 1915 prudential sold life assurance only. In 1915 the range of business was extended with the opening of the general branch, through which fire, accident, marine and other form of insurance were sold from 1919 onwards. During the 1920s prudential began go expand overseas and agencies were set up all over the world to sell prudential policies. 4. In Britain, new policies were introduced for women, family protection and long term saving opportunities. In the post war period the range of prudential?s products changed towards an emphasis on savings, annuities, pensions and family income protection. In the 1970s a number of acquisitions were made and in 1978 prudential corporation was set up as the holding company for the group. The focus on adopting new sales and marketing techniques to promote products dominated the 1980s. 5. The sales force was restructured to deal better with customer needs and new channels of communication were opened through telephone sales and independent financial advisers. In 1986, prudential was launch as the new image for prudential corporation, the traditional values of the company presented in a modern forward-looking way, the 1990s saw further diversification of products and methods of communication. 6. Sales by telephone and through IFAs have gradually reduced the role of direct sales in customer?s home.In 1997 Scottish amicable was acquired, strengthening prudential?s position in the IFA sector. The launch of egg in 1998 saw prudential use a new distribution channel, targeting the internet generation. The acquisition of M&G, the fund managers, in 1999 strengthened the Group?s investment portfolio. In recent years prudential has expanded in key markets, principally the US and Asia. 7. Prudential corporation Asia has operational business in Singapore, Malaysia, Thailand, Indonesia, China , Vietnam, and the Philippines. New business ventures have been established in Japan and Korea in the last year. In the US, Prudential?s subsidiary, Jackson National Life is represented in all states and distributes products through independent agents as well as financial institutions and broker-dealer. The next of the importance of international business can be seen by the fact that over 50% of the group?s sales are international. 8. Prudential?s history has been about change and innovation . throughout its history prudential has had to survive in different markets where other business folded. It recognized that it had to grasp the difficulties of communicating the value of its products to differing and diverse markets through periods of great political and social change. The development of new products and the emergence of new markets have established prudential as a significant player in the world of international retail financial services. Unit 17 1. Rockwell company is a leading industrial automation company focused to be the most valued global provider of power, control and information solutions. With a focus on automation solutions that help customers meet productivity objectives, the company brings together leading brand in industrial automation. 2. We are also a leading provider of contract management technologies and applications, marketed under the Rockwell firstpoint contact brands that help companies more efficiently manage interaction with their own customers . Global technical and customer service is an integral part of Rockwell automation , with nearly 5,600 distributors, system integrators and agents serving customers in 80 countries. 3. We extend our capabilities through partnerships with a network of reliable local companies in distribution, software and product referencing. with leading brand and strategic partnerships, we deliver industry solutions around the world , Rockwell automation is financially and strategically focused on helping manufacturers address the growing competitive pressures to reduce costs, conserve resources, improve productivity and reduce the time to market for material goods and services. 4. For example, the newly formed Global Manufacturing solutions business will be a focal point of Rockwe ll automation?s core growth strategy. It will provide total cost of ownership solutions, such as asset and integration management and consulting services that will allow manufacturers to quickly respond to industry trends . the company has three major business units and a 50% stake in the Rockwell scientific company. 5. First, Rockwell automation control system .the business of organized into three operating units: components and packaged applications, automation control and information group and global manufacturing solutions. These business provide a comprehensive suite of automation solutions along a value-added continuum that ranges from power and components to control and information platforms to global manufacturing solutions. 6. Second, Rockwell automation power system .the bushiness is organized into two groups including, dodge mechanical power transmission products and reliance electric industrial motors and drives found in every industry and commercial application. Reliance electric and dodge products have been powering industrial plants since the early 1900s, controlling machine movement and speed in some of the most demanding manufacturing environments. 7. Third, Rockwell firstpoint contact. It is a global provider of complete customer contact solutions that support multiple channels, including voice, e-mail, web, wireless and V oIP, through a unique open interaction infrastructure. The first to develop technology to help automate customer call centers, Rockwell firstpoint contact has a 30 year global reputation for reliability, on-time, on-budget delivery and superior customer service. 8. In addition to its business divisions, Rockwell automation shares ownerships of Rockwell scientific company with avionics (电子设备)and communications industry leader Rockwell Collins operating from facilities in Thousand Oaks and Palo Alto, California. Rockwell scientific company conducts research on projects ranging form disruptive technologies intended to catalyze new business opportunities to technology application and transition. Unit 19 1. Our reputation for engineering excellence has created a sound base for our future business . the Holset turbocharger is an intrinsic part of the modern diesel engine. Delivering efficient combustion and high levels of power density reliably-mile after mile, hour after hour. We are clearly focused on the heavy-duty turbocharger market, thereby committing our engineering resources to the specific product requirements of this key market sector. 2. With our continued investment in technology, people and facilities , the future of Holset has never looked so bright. We will continue to bring you integrated air handling solutions to be the demanding requirements of tomorrow?s mediu m and heavy duty diesel engines, and beyond. We pride ourselves on our industry-leading standards of customer care. Our worldwide after sales activities are operated through a separate division known as Holset Service. 3. Wherever you are in the world we will provide you with a comprehensive range of replacement turbochargers and spare parts. Ours service and distribution centers in the UK ,Holland , brazil and the USA supply 170 distributors in 70 countries, and are supported buy the latest integrated computer system s for planning an controlling inventory. The network …s technical capability and impressively fast response ensures the maximum up –time to keep our turbos and your engines running and running. 4. Hoset recognizes the link between a skilled , trained and motivated workforce and the company?s overall performance. In all areas of our activity-new products , manufacturing systems, technology, customer service and even our local communities- it is holset people who make the difference. In encouraging these attitudes , holset , bet people can expect 5% of their time with the company to be spent on training, we provide the best working conditions , buildings and facilities. 5. Our system of team-based working is designed to bring out the best in our people in whose minds and hands the next generation of turbocharger technology will ultimately take shape. Holset has a proven track record in delivering outstanding technology solution and bringing innovation to the turbocharger place. Our turbocharger specialists pursue an in-depth understanding of the fundamental elements that combine to produce world class turbochargers. 6. This expertise coupled with our comprehensive design criteria and development resources combine to create definitive turbocharger solutions. since 1973 holset has been owned by Cummins Inc. of Indiana USA, the world?s largest producer of heavy-duty diesel engines. Backed by the resources of Cummins Ins. Holset turbochargers can invest in technology, people and facilities to bring turbocharger technology to the market place. 7. To support the growing Chinese market in February 1996 Wuxi holset was established. This is a joint venture between Holset turbochargers and Wuxi power Engineering Co.,Ltd. Wuxi holset enjoys a leading position in MR Turbos in Chinese turbocharger market and serve an extensive customer base including leading Chinese truck manufacturers. They also have strong and growing pressure in the aftermarket. 8. Holset turbochargers aim to improve the quality of life in local communities through donations, supporting activities of our employees, bushiness / community partnerships and practices that encourage and support our employees in contributing their time and resources to this end .our worldwide sites achieves this through community. Action committees representative of the entire workforce. Unit 21 1. Welcome to Aylesbury street. We are delighted to have the opportunity to talk to you this morning regarding some of the practical legal issues that we have come across on rail projects. We hope that this session can stimulate some useful discussions which we can continue over lunch, to which we have invited a number of our railway industry associates from differing business and organizations. 2. Masons and rail. As a leading international construction and engineering law firm, masons has a long and active involvement in providing advice to and working with members of the railway industry. Projects with which we have been associated include HONGKONG. We have provide advice to KCRC over many years. Including advice on the development of the light rail scheme In the new territories. 3. Channel tunnel. We acted as advisor to the TML consortium regarding a wide range of issues arising from the construction of what is probably the greatest European civil engineering project of the last century. Malaysia , we have acted for the sponsors of the Kuala Lumpa light rail system and associated infrastructure. Singapore . we worked with the contractor for the MRT system. South Africa. We are currently working with the government of the Gauteng/Johannesburg province in relation to the procurement of a new rail network using private-public partnership methods. 4. UK. we are perhaps the pre-eminent law firm tin the light rail sector, having acted for the concession company on the arrow Light Rail project in Nottingham in the midlands, which is the first such scheme to reach financial close under the UK government?s “private finance initiative ”, and we are currently active on the four other light rail schemes that have gone out to bidders. 5. Mason lawyers were involved in advising contractors on the major Jubilee line extension of London underground , and we are currently advising on aspects of the LUL PPP scheme .Europe. masons has worked on projects throughout Europe. We have acted for bankers in relation to the Barcelona metro, provided advice on private rail franchises in Scandinavia and currently acting for the Irish governments … railway procurement agency in the procurement of a metro system for Dublin 6. Rail opportunities: as I am sure you are aware, these are very exciting times for those of us who work on rail projects. For example, in UK, the government has announced that it proposes to invest 6 billion in the rail sector over the next 10 years . In many countries, much of the infrastructure that is being used dates back to the end of the 19 and early 20 century and needs replacing. 7. There are many projects under way at present in the UK and further field to up-date out-dated technology in the field of signaling and control systems, track geometry, rolling stock and so on. In the wider context, the demand to reduce the harmful environmental effects of private vehicle use is leading to demands for a “ model shift” to public transportation, and we are seeing increasing numbers of schemes being drawn up for light rail systems , tramways, guided buses and metros . 8. Rail challenges: form both a technological and legal perspective , rail projects can produce bigger challenges than almost any other type of infrastructure projects. The next hour or so, my partner Jon Hart will be speaking about particular issues that they see as fundamental, including funding and financing aspects of rail projects as well as design, construction and some operational issues. There will be time for questions. Unit 23 1. Universal Instruments is a global electronics productivity specialist, providing innovative circuit, semiconductor, and back-end assembly technologies and equipment, integrated system solutions, and process expertise to manufacturers in every sector of the electronics industry. A subsidiary of Dover Corporation, which is listed in the New York Exchange, Universal Insturments is headquarter in Binghamton , New York. 2. Universal Instruments is a multinational company with sales, service, product, and parts distribution locations throughout the world. In addition, the corporation operates manufacturing facilities in both Binghamton, New York , and Shekou, China. Universal Instruments employs more than 1,100 people and operates in more than 30 countries. All Universal Instruments employees worldwide operated under a common mission: to be a global supplier of automated electronic assembly technology, equipment, and support through product innovation and enhancement of customer productivity. 3. Universal Instruments traces its roots to the Universal Instruments and Metal Company , a safety pin manufacturer founded in 1919. Through time , the company discontinued safety pin production and make a transition to a machining and tool and die bushiness. By controlling costs during the Great Depression , Universal Instruments to grow through world war II , when the company?s tool and die talents were pressed to meet the needs of the state?s small arms manufacturers. 4. This work continued until the 1950s , when Universal Instruments entered the electronics assembly equipment manufacturing industry. Universal Instruments first built electronics circuit assembly equipment for through hole components in the 1960s. in the early 1960s Universal Instruments developed a modular platform concept and shipped its first platform-based surface mount technology machines In 1993. 5. Whit an installed base of several thousand machines. Universal Instruments …s GSM platform is widely accepted and has evolved into an industry standard. Today, Universal Instruments is regarded as a leading manufacturer of electronic assembly equipment. Universal Instruments offers a robust and flexible line of products to meet virtually all your circuit assembly equipment needs. Combined with our direct service and support , Universal Instruments is well positioned to be our full line supplier. 6. We use these products , in addition to our process expertise, to help you meet your challenges. Universal Instruments provides industry-leading support and services worldwide to help our customers achieve maximum efficiency and productivity. Indeed , Universal Instruments is considered to have developed and deployed the most comprehensive service infrastructure in the industry. We combine that infrastructure with a team of skilled, dedicated employees who are committed to providing the best service possible. 7. At Universal Instruments , we expect service to become an increasingly significant competitive differentiator as the sophistication of manufacturing processes increases. Changes in customer demographics are placing increasing demands on our global customers as new and used machines find their way into environs with inexperienced or limited support infrastructure. With this in mind, you can be sure Universal Instruments takes its its services commitment very seriously. 8. At our technology day road show, being scheduled in locations throughout the world during 2003, you can look forward to meet members of universal?s team who are eager to help you develop an assembly solution that not only meets, but surpasses your manufacturing goals. What is more, Universal Instruments experts can help solve process issues, service and training concerns. And ultimately , work with you as a partner to ensure your success. Our first show will take place on Wednesday, at the Rosen Plaza in Orlando, Florida. Unit 25 1. Environs was founded in 1995 and brought together a number of consultancies with a track record of performance in the environmental field, including Aspinwall , March and Quanticis. Environs has over 350 people in ten offices in the UK, one office in the Irish republic , two offices in mainland Europe and one office in Canada. Through partner organizations we extend globally, with active projects on every continent. 2. Environs is managed on cross-office basis in line with our market facing divisions. Each division is headed by a director and , together with Dave Murphy, Jeff Iliffe and the four support services directors- finance, HR, IT and marketing , make up environ?s senior management team. Each division is then divided up into groups and then teams reflecting our areas of expertise . a tea m typically consists of 5 to 10 consultants. 3. Environ?s offer s a comprehensive package of expertise in busin ess strategy , economics, energy engineering, and management, feasibility studies, design and project management, training and specialist software to enable clients to meet climate-change-related requirements of legislation and key performance criteria as well as deliver significant cost saving. 4. We work with clients and their financial intermediaries to access the environmental assets and liabilities of a business. We cover all the main regional finance centers in the UK , through our membership of the CAT alliance , we can offer advice in more than 50 countries for cross border deals. We are an associate member of the British Venture Capital Association and , with the CAT alliance, a member of the European venture capital Association. 5. Sustainable waste management requires organizations to design products that use fewer materials; use processes that produce less waste; put waste to good use through reuse , recycling , composting and using waste as fuel; and to choose products made from recycled materials. In waste and resources management, Environs provides strategic , technical and economic solutions throughout the UK, Ireland and the rest of Europe. 6. We have an enviable record of environmental management of land and water ass ets for major landholders, with an increasing need to regenerate “ brown field” sites. A solutions-based approach to land and water resources has created an unrivalled reputation in the field of contaminated land, redevelopment and its associated discipline. Decisions on environmental protection require knowledge of how potential hazards would be affected by changes in management practices. 7. With respect to storage and disposal facilities for radioactive and other hazardous wastes, it is crucial to understand how contaminants move through the geosphere and how long term performance of disposal facilities can be affected by geological and climatic changes over time. Alongside its UK office , the group has an office in Barcelona which serves the main local and international waste management agencies as well as key industrial multinational companies. 8. The team In Barcelona provide chemical and geochemical , hydro-geological and geological , environmental assessment and soft ware application capabilities, and apply these to a range of radioactive and industrial waste management, soil and ground water pollution problems and environmental management related issues. A major project the Barcelona team have contributed to is the epicenter project to improve environmental performance in organizations across EU. Unit 27 1. In 1884 Joseph and Jules Fuerst established in London an international trading company. It traded as Fuerst Brothers until 1957 when it was acquired yb Mrs. Eileen Day Lawson . trading therefore as Fuerst Day Lawson the company prospered and expanded into many of the fields covered by the present group. 2. Organic growth was supplemented by acquisition of other trading companies in related product areas including Union Merchants Overseas in 1968, Fox Roy Merchants and R. Verney in 1972 and J.C.Duffins in 1978. During the 1980?s separate trading identities were created. An increasing involvement in fruit juices led to the formation of Fuerst Day Lawson citrus and was followed by moves into generic pharmaceuticals, food addictives and honey. 3. In 1984 more open policies in China encouraged a substantial development of the group?s business with the world?s most populous country and a representative office in shanghai was opened .in 1987 and after 14 years in the business, Maurice day Lawson become group chief executive and the majority shareholder. In 1992 the group acquired part of the activities f the London export corporation, adding a liaison office in Beijing to its existing office in shanghai . 4. By the end of 1996 annual sales exceeds 220 million us dollars. Following significant growth it was decided in 1997 to simplify the operational and trading structure of the group into divisions under the Fuerst Day Lawson Holding LTD. Provides strategic direction and other services to its subsidiary companies. Its principal subsidiary, Fuerst day Lawson ltd. Comprises six specialists divisions. 5. While each division has its own logistics department providing contract administration, it can also draw on group services. These include the group?s leverage in the international freight market, giving competitive costs of carriage, and a tracking system which can identify the location of a single container and determine its shipment and arrival time to within 24 hours, the group also provides centralized computer and communications services supported by a team of information technology experts. 6. The key to FDL?s success is its people, skills, knowledg e and experience. Over 50% of the account executives and directors have been with the group for more than 10 years. The successful selection, development and training of personnel is critical to FDL?S ability to provide a high standard of services to its customers and to respond to their needs. The group therefore provides bonus, profit share and incentive schemes to aid staff motivation, to strengthen personal commitment and to build teams which embrace with enthusiasm both potential and corporate objectives. 7. As a market leader, FDL is able to attract quality staff. It actively seeks out those who are energetic , persistent, sensitive to other nations? cultures and good communicators. The FDL account executive is enthusiastic, committed and ready to board an airplane at a moment?s notice t manage the consequences of floods and droughts, local politics and consumers, and the complexities of currencies and rising market in order to deliver security to FDL customers 365 days a year. 8. Individual training program are regularly monitored and updated to ensure that staff widen their knowledge of trading, business and management practices. Staff also are encouraged to keep abreast of innovations in the market in which they operate. Investment in the development of personnel at all levels is one of the processes which enables FDL to maintain a high quality service for its customers and to ensure its own continued success and growth. Unit 29 1. It all began in the garage and a pipe shop. In 1939, Stanford university classmates Bill Hewlett and Dave Packard founded HP. The company?s first produce, built in a Palo Alto garage, was an audio oscillator-an electronic test instrument (声摆)used by sound engineers. One of HP?s first customers was Walt Disney Studios, which purchased eight oscillators to develop and test an innovative sound system for the movie, ”fantasia “ .Compaq Corporation was formed after a 1982 meeting in Houston , Texas ,pie shop. 2. Together , employees in the new HP share a passion for customers , an intense focus on teamwork, speed and agility, and a commitment to trust and respect for all individuals. Today , HP is a leading global provider of products, technologies, solutions, and services to consumers and business. The company?s offerings span IT infrastructure , personal computing and access devices, global services, and imaging and printing. 3. Our 4 billion annual research and development investment fuels the invention of products , solutions and new technologies so we can better serve customers and enter new markets .we invent , engineer and deliver technology solutions that drive business value, create social value and improve t lives of our customers. Since our first year in business in 1939, HP had given back to the communities in which we do business, in the form of philanthropic donations of technology , money and time. 4. While the scale and reach of our business has changed during the past 60 years, our commitment hasn?t . the challenge is to continue to shape the impact of corporations as a constructive force. Using our heritage and our actions as tools for doing so . today , we?re employing new models of engagement and new bu siness and technology solutions to enable more people to participate in the world economy, via information technology. 5. HP has four core business groups. Enterprise systems group. ESG focuses on providing the key technology components of enterprise it infrastructure to enhance bushiness agility, including enterprise storage , servers, management software and a variety of solutions. Imaging and printing group .HP is the leading provider of printing and imaging solutions for both business and consumers. 6. IPG includes printer hardware, all -in -ones, digital imaging devices such as cameras and scanners, and associated supplies and accessories. It also is expanding into the commercial printing market. HP services . HP services is a premier global IT services team. It offers guidance, know-how and a comprehensive portfolio of services to help consumers realize measurable business value from their IT investment. 7. Personal systems group , PSG focus on providing simple , reliable, and affordable personal- computing solutions and devices for home and business use, including desktop and notebook PCs, workstations , thin clients, smart handhelds and personal devices. In addition to the four business groups, HP labs provides a central research function for the company. HP labs is focused on inventing new technologies that change market and creat business oppprtunities. 8. The may 2002 merger of Hewlett-Packard and Compaq Computer Corporation forged a dynamic , powerful team of 140,000 employees with capabilities in 160 countries and doing business in 43 countries and 15 language. Revenue for the combined companies were 72 billion for the fiscal year that ended October 31,2002, chairman and CEO Carly Fiorina leads HP, which had corporate head quarters in Palo Alto, California. UNIT 31 1. DFID …s overarching objective is the elimination of global poverty. Despite remarkable progress over the past twenty years, there are still large numbers of poor people in China, approximately 200 million who live in abject poverty, on a daily consumption level less than 1 dollar per day. 2. Relatively recently, China has undergone fundamental changes from a centrally planned economy to one which embrace market forces; and from a largely rural based society to an increasingly urban one. Although rapid economic development has dramatically reduced the numbers of poor people, inequality has increase, especially between the more affluent coastal eastern regions and poorer inland western regions. 3. The commitment of the government of China , and their strong track record in poverty reduction makes DFID confident that it can work effectively with eth government and key partners to further reduce poverty; and to make progress towards a set of internationally agreed development goals. 4. DFID?s country strategy paper for China and further details of our project portfolio are available via the internet. Our country strategy paper explains how DFID aims to contribute to progress toward d the millennium development goals in China, and provides a basis to measure progress. We are hoping to complete an updated versions of the country strategy paper by mid-2002. 5. The China program is about to enter a period of expansion. Depending on the availability of resources it is hoped the program will expand from 25m in 2001/2 to around 60m in 2004/5 .the principal activities of the programme are outline below. 6. Human Development .DFID work in this area focuses primarily on the fields of education and health: in education, the current program supports improvement in basic education and skills for development . in Gansu province. Our program focuses on increasing access to education for poor boys and girls and minorities. And on improving the quality and effectiveness of teaching in poor countries. 7. We are developing a partnership with the world bank and Chinese government which supports similar objectives for basic education in more provinces. The final details for this co- financed project, through which DFID grant fund will be blended with world bank loan funds. Have yet to be confirmed, but the DFID contribution is expected to be between 35-55m. 8. We are entering into a partnership with the all-China womens?s feder ation , which focuses on improving the skills and promoting the rights of women and girls. DFID is also developing teacher training projects in the poorer western provinces. This is a distance learning project and is worth 4 m. Unit 33 1. HIV/AIDS is a major concern in China. DFID is helping to prevent the spread of HIV/AIDS by strengthening capacity I HIV/AIDS planning and policy development at national and provincial levels. The HIV/AIDS prevention and care project will spend 15.3 m over 5 years. And aims to develop replicable models of prevention , treatment and care. The two focus provinces are Yunnan and Sichuan. 2. DFID has designed , with Chinese counterparts and the world bank. A major program in TB prevention and control, recognizing that TB is primarily a disease of the poor. This blended finance project is worth us 104 m over 7years. DFID …s contribution is approximately 28m. the environment . protection of the environment is directly relevant to the livelihood and well being of poor people. It has clear implications for sustainable development and wider global concerns. 3. DFID supports environmental management in a number of ways. The Yunnan environmental development program in Yunnan province assists the provincial government to prepare and implement pro-poor, environmentally sustainable development plans. The water sector development program aims to assist the introduction of sustainable water resource management, and rural water and sanitation. Here, DFID?s contribution is 6.9 m over 3 years. 4. The water equity project is worth 5m over 4years. It is working towards reforming the management of small scale rural water facilities ,the reform process is participatory, socially equitable and environmentally sustainable in order to maximize the benefits to poor farmers, particularly women. In another collaboration with the world bank, DFID is working to improving the farming conditions, with focus on poverty reduction, spending up to 5m over 4 years. 5. This project is due to start in august 2002, DFID is providing technical support to the Chinese government in their review of the national water law. And DFID supports the environmental economics working group of the China council for international co-operation on environment and development. The aim here is to help China to integrate environmental considerations into developing policies and planning. 6. DFID is also working with the world bank and global environmental facility to improve energy efficiency in China, initiative will help to decrease the growth of greenhouse gas emissions and associated global impacts, and contribute towards sustainable development. Social and economic reform. Support to state owned enterprise reform is . a central theme. A three-year SOE reform project address two main issues: se restructuring and enterprise development. 7. The project is located in Sichuan and Liaoning provinces .DFID contribution is 19m. the enterprise restructuring element will develop models for the survival of enterprise which would otherwise would be liquidated, thereby saving jobs and reducing social dislocation in the long term. The enterprise development element is designed to help absorb labor laid off by the process of SOE reform t to through providing support to small enterprises. In recent years. These have recorded much faster growth than the SOE sector. 8. As additional support to pro-poor private sector development, DFID works with the international finance corporation in implementing a private sector development project in Sichuan province. The international finance corporation-China project development facility will see DFID spend 2.1 over 3 years. A pilot project focusing on the provision of unemployment insurance is expected to reduce urban poverty in six counties through the establishment of social severity safety nets. Unit 35 1. Interpublic is more than a company, it is a concept- a group of commonly owned but autonomous advertising and communications services enterprises. They include such industry leader as McCann Erickson World Group, FCB group, a new global marketing resource called the partnership , and the advanced marketing services group. Interpublic is a truly global company in a fast moving global economy, prepared to serve its multi-national clients as well as regional and local business in market everywhere. 2. Interpublic values its nearly 60,000 employees, who work for Interpublic agencies in approximately 130 countries , they are responsible for anticipating and satisfying client needs-and , hence, for Interpublic?s success.Interpublic …s stock trades on the New York Stock Exchange under the symbol IPG. The beginning of the interpublic group of companies dates to the turn of the twenties century , with the birth of the Alfred W. Erickson agency in 1902 and, the HK McCann company in 1911. 3. In 1930, the two agencies merged to form McCann-Erickson , the genesis of an advertising powerhouse that would later encompass a myriad of agencies and reach around the globe. Interpublic joined the New York stock exchange in1971, in the decades since, we have carefully added building block after building block to our organization, offering clients the strength and consolidated resources of a major holding company and the personal attention and individual creativity of the agencies and communications specialists that comprise its family. 4. Center for marketing intelligence . today …s center for marketing intelligence is a unique research entity that provides the interpublic group companies with fast m accurate and complete information about the US market. CMI …s research covers a broad spectrum of product and service categories and advertising and marketing subjects. CMI has extensive resources to develop its vital research. 5. CMI IS 20 –person staff responds to individual company request for analysis of markets and trends to assist in gaining new business and servicing existing clients.CMI briefings to clients of interpublic group companies encompass category a trends, brand shares and trends analysis, brand positions and advertising, new , products and outlooks. CMI will also take on special assignments for interpublic group companies including workshops and seminars on special topics. 6. Strategic ventures group. The interpublic group of companies is committed to a consistent mission : helping clients build brand and business and strengthening relationship with customers via its range of advertising, marketing and communications services. The strategic venture group is committed to connecting strategic resources to our clients. We?ve established close relationships with many of the innovative leader within our companies who champion new ideas. 7. We also have enhanced our due diligence process to ensure our partners are meaningfully aligned and connected with our companies and clients . to optimize our process we monitor and respond to our companies? ability to deliver robust marketing and communications services. No matter how the services and technologies evolve, interpublic remains dedicated to staying ahead of the curve-providing superior capabilities, tools and solutions required by clients around the globe. 8. Year after year, no other organizations serve as many marketers, selling so many diverse products and services in so many parts of the world, as do the agencies and companied of the interpublic group, interpublic is growing in new ways, too. Adding an array of specialized resources to help our agencies and their clients meet increasingly complex communications challenges. In just over30 years, the interpublic Group has watched its gross income and profits rise over 1,100 percent.