Exercise ONE: Put the following paragraphs into Chinese.
1. Today few, if any, countries are economically self-sufficient. Even China, with its vast human and natural resources, has not been able to remain aloof from the world economy. In the United States, international business touches people’s lives daily. Common goods and services are, in fact, foreign owned.
2. International business is business conducted in more than one country, including buying and selling goods and services. Other international business activities include marketing, manufacturing, mining, and farming. In sum, international business is all the practices a business in a single country does, but at the international level.
resources翻译3.  Most multinational corporations are made up of vast numbers of foreign subsidiaries, companies in which over 50 percent is owned by the parent company. Like all corporations, MNCs are organized according to the goals they set for themselves.
4.  The franchiser can develop internationally and gain access to useful information about the
local market with little risk and cost, and the franchisee can easily get into a business with established products or services. Franchising is fairly popular especially in hotel and restaurant business.
5.  In choosing a transportation mode for a particular product, shippers consider as many as six criteria: speed, frequency, dependability, capability, availability and cost. Thus if a shipper seeks speed, air and truck are the prime contenders.
6.  The franchiser can develop internationally and gain access to useful information about the local market with little risk and cost, and the franchisee can easily get into a business with established products or services. Franchising is fairly popular especially in hotel and restaurant business.
7.  It should be noted, however, that the existence of a letter of credit is not a guarantee of payment to anyone. Its existence only assures payment to the beneficiary if the terms and conditions of the letter of credit are fulfilled.
8.  A contract is an agreement by which two parties mutually promise to buy or sell some products. In practice, some informal contracts may be reached orally.  This is understandable, but may lead to unfortunate consequences.
Exercise TWO: Translate the following into English
1. 尽管有很多好处，反向贸易可能是风险很大的事。
2. 在经历了15年漫长、艰苦的谈判之后，中国终于在2001年12月11日成为了世界贸易组织的正式成员。
3. 许多人欢呼经济全球化带来的好处，但同时也有强烈的反对声音。
4. 信用证的付款方式对买卖双方都提供了保障。
5. 自从进入WTO后，中国商业银行及保险行业日益受到来自国外同行的竞争。
6. 国际商务的另一种重要形式是由一国居民向另一国提供资金，称为国际投资。
7. 国际贸易最初以商品贸易的形式出现，即在一国生产或制造商品而出口或进口到另一国进行消费或转售。
 
8.  尽管公司的日常管理工作下放到跨国企业的子公司，但重要决策，如有关公司目标和新投资等都由母公司来决定。
9.  无论人们是否喜欢，经济全球化已成为世界经济发展中的一个客观趋势。
10.  对签订国际合同的买卖双方来说，最重要的事是成功地完成交易。
11.  跨国公司是在一个以上国家拥有、控制和经营资产的商业组织。
12.  GDP 计算的是在一个经济体地理区域内所生产的所有实物产品和服务价值。