Our football team suffered a shock defeat in the first round.
我们的足球队在第一轮比赛中惨败。
Granny is in a state of shock.
奶奶处于休克状态。
Mom told the child that touch the wire he'll get a shock .
妈妈告诉孩子，触摸电线会触电。
"Li said China's emphasis on the real economy and the development of advanced manufacturing through intelligent digital technologies will help make China's economy more resilient, strengthen the capacity to buffer against external risks and shocks and build the country into a manufacturing powerhouse.
李表示，中国重视实体经济，通过智能数字技术发展先进制造业，将有助于提高中国经济的韧性，增强抵御外部风险和冲击的能力，并将国家建设成为制造业强国。
When asked about the challenges that Chinese companies have encountered during the globalization process, Zhang from ADP said that enterprises face challenges in talent recruitment, culture shock, compliance supervision, localized operations and global management, and salary and welfare.
当被问及中国企业在全球化进程中遇到的挑战时，ADP的张表示，企业在人才招聘、文化冲击、合规监管、本地化运营和全球化管理以及薪酬福利等方面都面临挑战。
Zhu said the COVID-19 pandemic will continue to weigh on the recovery of industrial profits in the short term, and it also faces multiple pressures from shrinking demand, supply shocks weakening expectations.
朱表示，新冠肺炎疫情将在短期内继续影响工业利润的恢复，同时还面临需求萎缩、供应冲击削弱预期等多重压力。
ZHU: Despite some temporary shocks and downturns, China's long-term growth prospects remain intact.
朱：尽管经历了一些暂时的震荡和衰退，但中国的长期增长前景依然完整。
The action plan, emphasizing the importance of joint creation with the local ecosystem, was released on the basis that China has risen to become the beauty giant's second-largest market as it averaged 20 percent year-on-year growth in the past two years despite the shock of the COVID-19 pandemic.
该行动计划强调了与当地生态系统共同创造的重要性，其发布的基础是，尽管受到新冠肺炎疫情的冲击，中国在过去两年中平均同比增长20%，已成为这家美容巨头的第二大市场。
Although the contagion has brought about some shocks to Epson's business, we have seen new opportunities in China," Fukaishi said.
The UAE, he said, is keen to overcome the current global shock, especially in pillar sectors including infrastructure development, tourism and aviation industries.
Ultimately, rather than waiting for turbulent times to shock them into action regarding the question of succession, CEOs of Chinese family firms should view comprehensive succession planning as an unavoidable necessity, one that presents both tangible long-term benefits for both their families and companies, and equally appreciable risks if postponed or ignored.
China outperformed other major markets for Boehringer Ingelheim in 2020 as the German pharmaceutical company reported across-the-board revenue growth despite the COVID-19 shock.
Kang said since the outbreak, organizations in China have become more mature in the Culture of Innovation dimensions, and they are planning to prioritize unlocking the potential of technology, data and people next year to become more resilient and recover faster from disruptions or shocks.
Wei Shangjin, a professor of Finance and Economics at Columbia University, said Ant's personal loan business can help households better manage temporary income or expenditure shocks, say for illness or education.
China Tourism Group Duty Free Corporation Limited, the country's largest operator of duty-free stores, reported growth in both revenue and profits in the third quarter (Q3) despite COVID-19 shocks.
Temasek remains optimistic about the medium-term economic prospects of China given the country's quick and strong economic recovery from the shocks generated by the COVID-19 pandemic, Wu Yibing, head of China for Temasek, said at a news briefing in Beijing.
Xu noted that the shock from the coronavirus on the global economy was most keenly felt in its disruption of global industry and supply chains as well as international economic exchanges.
A report by BloombergNEF on the outlook for biofuels said after the price shock it has remained resilient since a greater proportion of commercial transport activity has continued throughout the crisis.
This far-reaching high-tech manufacturing revolution is sending shock waves across various industries and applications, including smart living, construction, automobiles, machinery, medical equipment and medical care, personal care and consumer goods.
"Meanwhile, Chinese investors are advised to be prepared to face a culture shock and make an effort to understand local regulations and practices.
Xu said the statements from Williamson and Younger came as "a shock" to the Huawei UK team.
The company's SenseAware service could record and monitor a shipment's temperature, location, light exposure, humidity, shock and barometric pressure with multiple sensors.
Expensive valuations taking a dent as price shocks hurt earnings prospectsChinese technology companies are rushing to launch multibillion-dollar IPOs outside the mainland this year－an opportunity for investors, but one that has generated gloomy returns of late.
Others expressed worries about the potential cultural shock from an influx of workers from outside the community, the Kenosha News reported.
Analysts said the improvement indicates the steady recovery of business activity among SMEs after the COVID-19 shocks, adding to signs of further momentum.
"She said the decrease in the working population and the aging problem would first pose a shock to the job market and then cause a series of social problems, including hampering economic and technological advancement and increasing the burden on the social security system.
In order to effectively manage financial risk levels, it is imperative to continuously improve the management of cross-border capital flows as well as the response protocols to deal with internal and external shocks.
For example, in the oil markets, the conditions when the latest conflict broke out were notably different from the supply shocks seen in the past, said the WB experts.
Ngozi Okonjo-Iweala, director-general of the World Trade Organization, said in a speech via video link that "the inaugural supply chain expo is the right event at the right time", as the shocks of the COVID-19 pandemic and the supply disruptions that followed exposed general vulnerabilities in the way global production networks are organized.
"But trying to make everything at home, or among a narrow circle of friends, would not just cost countries the efficiency and income gains brought about by international trade, it would increase their vulnerability to localized shocks, whether from extreme weather, public health crises or other unforeseen events.
Over the past few years, US scholars have increasingly focused on the so-called "China shock "to labor markets, but a closer look at the factors influencing employment reveals a complex interplay between technology, industry evolution and structural issues within the United States.
The emergence of research on the "China shock" theory began in 2013 when David Autor and others published an article in the American Economic Review.
Additionally, the article pointed out that import competition also led to a series of phenomena, including a decrease in per capita wages and labor participation rates, as well as increased payments via government transfers, giving rise to the concept of "China shock".
Technological progress and trade are considered the two most crucial factors of employment, but the existing research on "China shock" rarely discusses the relative magnitude of influence of these two factors.
Most "China shock" studies suggest that in the first 10 years since China's accession to the World Trade Organization, the most severe shock was felt by labor-intensive sectors such as textiles, clothing and furniture that were already experiencing declines in employment due to low levels of workforce education and low investment in research.
Third, manufacturing firms affected by trade shocks may transition to the services sector.
Fourth, the fact that the impact of China's trade "shock" to the US is particularly severe is closely related to the latter's industrial structure.
Many scholars from other countries have also studied the impact of "China shock", but their conclusions greatly differ from those in the US.
For example, research on Germany suggests that while import shocks led to a decline in employment, Germany's exports of automobiles, machinery and electronic devices to China also stimulated employment in return.
The so-called "China shock" is more a "US syndrome" caused by a bunch of problems originating from the country's long-term structural issues that US scholars, media and politicians often choose to overlook while exaggerating the negative impact of trade with China.
"More than ever, with all the global shocks that we have seen, we need stronger multilateralism," Hanan Morsy, deputy executive secretary and chief economist of the United Nations Economic Commission for Africa, said at a session of the Global Strategic Dialogue (2023) in Beijing on Thursday.
The world needs to work together to address global shocks such as the COVID-19 pandemic and climate change, said Morsy who also acknowledged that globalization is facing the challenges of rising nationalism.
As a result, their overall income levels may see a similar slump, which translates into a big shock to balance sheets.
I'm absolutely looking forward to seeing China play an important role," Schussel said, adding that global trade has proved resilient in the face of multiple shocks amid rising protectionism and trade tensions.
To address various challenges, including diminishing global demand for goods and unexpected geoeconomic shocks, China has implemented a range of policies aimed at fostering innovation in trade in services.
That sort of policy shock, during US economic divergence with the rest of the world, could have significant ripple effects.
The overall robustness of the balance sheets of large Chinese banks in the face of huge shocks is attributable to the tremendous improvement in commercial bank risk management during market-oriented reforms and the precautionary measures to guard against real estate bubbles, price volatility and property speculation.
Taking good use of a city walk boosts stickiness between brands and users, offering regional coffee brands more defenses against price shocks by major coffee chain brands," Kamen Club, a Beijing-based beverage industry tracker, said in a report.
More proactive fiscal policy and moderately expansionary monetary policy are needed as the external shock of weak global demand and the sharpest US monetary tightening on record has converged with domestic enterprises' damaged balance sheets, he said.
With the growing importance of global supply chain security and economic resilience, China needs to further expand its commodity imports in future and increase its stockpiles to guard against potential economic risks, and the country should enhance preparedness for any possible political and diplomatic changes or shocks.
The balance of risks to global growth remains tilted toward the downside, as inflation could remain high and even rise if further shocks occur, and financial sector turbulence could resume as markets adjust to further policy-tightening by central banks, according to the IMF.
In recent years, some Western countries have adopted aggressive fiscal and monetary policies, triggering shocks in the global economy and financial markets.
Warning of challenges from a cloudy global outlook, the scarring effects of the COVID-19 shock and the existing structural issues, Guan Tao, global chief economist of BOC International, said it is advisable for the policymakers to step up macroeconomic policy support, including proactive fiscal policies and structural monetary policy tools, to broaden the economic recovery.
The world needs coordinated solutions to restore investment for business-led growth and build resilience for future shocks, he said.
These moves will also help African economies reduce vulnerability to external shocks and strengthen their resilience, said Zhou.
Second, having experienced the shocks of global crises, we should all the more cherish solidarity and cooperation.
"Having experienced the shocks of global crises, we should all the more cherish solidarity and cooperation," Li said in his speech.
Multiple pressures from shrinking demand, supply shocks and weakening expectations have been relieved to some extent, Liu said, adding the market retreat has bottomed out and staged a rebound.
With increasingly restrictive global credit conditions, one out of every four EMDEs has lost access to international bond markets, and growth projections for these economies for 2023 are less than half of those made a year ago, making them highly vulnerable to additional shocks.
In his remarks at the summit, Vietnamese Prime Minister Pham Minh Chinh, quoted by Vietnam News Agency, highlighted three core factors to ASEAN's characteristics — values, vitality and reputation — which have helped the regional bloc maintain independence and strategic self-reliance, transform into a growth epicenter and better adapt to external shocks.
Li Xianjun, an associate researcher with the Institute of Industrial Economics at the Chinese Academy of Social Sciences, said China's efforts to put a development focus on the real economy and build up its strength in the modern industrial system will help make China's economy more resilient, strengthen the capacity to buffer against external risks and shocks, and build the country into a manufacturing powerhouse.
"But still, great efforts are needed to consolidate the economic recovery, especially in dealing with the triple pressures of demand contractions, supply shocks and weakening expectations.
"A return of the world economy to the pace of economic growth that prevailed before the bevy of shocks in 2022 and the recent financial sector turmoil is increasingly elusive," the IMF said in the newly released World Economic Outlook (WEO) report.
"A return of the world economy to the pace of economic growth that prevailed before the bevy of shocks in 2022 and the recent financial sector turmoil is increasingly elusive," said the IMF.
Monetary tightening adopted to curb inflation is one cause for economic downturn, while the supply-side shock on the global level is another.
Low and middle-income families may face negative shocks more frequently.
Treasury bonds, cash or consumer voucher subsidies can be issued to low and middle-income families so that they can better overcome external shocks and uncertainties.
To address challenges ranging from waning global goods demand to geoeconomic shocks, China has implemented various policies to promote innovation in trade in services, opened up its services sector, established a negative list management system for cross-border services trade, and made greater efforts to bolster digital trade.
Although China will face continued global uncertainty, high global inflation, and a slowdown in the world economy and trade in 2023, the report said China's economy has shown signs of rebounding as pressure from contraction of demand, supply shocks and weakening expectations eases.
He said the country's emphasis on the real economy and the development of advanced manufacturing through intelligent digital technologies will help make China's economy more resilient, strengthen the capacity to buffer against external risks and shocks and build the country into a manufacturing powerhouse.
China's efforts to build modern industries and expand institutional opening-up will create new advantages in international cooperation and competition, especially given the challenges of slowing global demand, geoeconomic shocks and soaring global commodity and energy prices, said government officials and business leaders.
Faced with the COVID-19 pandemic, softening external demand, geopolitical and economic shocks and fierce competition from countries such as Vietnam and India in the area of low-end production over the past three years, Chinese manufacturers — especially those from coastal provinces such as Jiangsu, Zhejiang, Fujian and Guangdong — have been boosting their presence at international expos and expanding market channels in emerging markets to drive sales overseas this year.
To address the challenges posed by geoeconomic shocks and the sluggish global recovery, Chinese companies can adopt joint venture strategies or establish extensive alliances with multinational corporations to expand their international presence, according to Wang Huiyao, president of the Center for China and Globalization, a Beijing-based think tank.
Despite challenges ranging from waning global demand for goods to geoeconomic shocks, China-Russia trade surged 29.3 percent year-on-year to $190.27 billion in 2022, according to customs statistics.
To ease the pressure caused by factors ranging from waning global goods demand to geoeconomic shocks, China has accelerated the pace of further releasing its market potential.
The robust economic cooperation among RCEP economies would inject a much-needed impetus into the global economy that has been facing multiple pressures ranging from waning global demand to geoeconomic shocks, said Li Muyuan, executive vice-president of the Beijing-based China Container Industry Association.
With China expanding programs to boost foreign trade and attract foreign capital to mitigate the impact of the COVID-19 pandemic, slowing global demand, geoeconomic shocks and fierce competition from the likes of Vietnam and India over the past three years, the idea of widening and making opening-up more effective has gathered steam during the two sessions this year.
In addition, the foundation of domestic economic recovery is not yet solid, while the domestic triple pressures of demand contraction, supply shocks and weakening expectations are still concerns, some analysts warned.
He added that will avoid the supply shock related to global supply, one of the drivers of inflation.
In response to shocks, the country refrained from repeatedly increasing the deficit by a large margin or printing an excessive amount of money, creating the macro conditions needed for stabilizing prices.
While the rapid rebound of the world's second-largest economy may reduce the possibility of imminent interest rate cuts by China's central bank, policymakers will likely maintain the necessary intensity of monetary support and ensure lower financing costs for companies in order to guard against any unexpected shocks that could disrupt China's economic recovery, analysts said.
Disrupted by the COVID-19 pandemic, softening external demand and geopolitical shocks, container throughput at major foreign ports like Singapore fell by 4.9 percent year-on-year to 2.99 million TEUs in January, while the Port of Los Angeles in the United States processed 726,014 TEUs, dropping 16 percent on a yearly basis, according to information released by global shipping and port news provider PortNews.
"Despite economic shocks from international geopolitical tensions and COVID-19 outbreaks, China's GDP exceeded 121 trillion yuan ($17.55 trillion) in 2022, posting a 3 percent year-on-year growth, according to a report on the accomplishment of major targets set by the 2022 Government Work Report, Xinhua News Agency reported on Thursday.
Economy: Nation remains world's largest manufacturing hubChina remains the world's second-largest economy as the country's GDP surpassed 121 trillion yuan ($17.44 trillion) in 2022, pointing to a steady recovery trend despite economic shocks, the National Bureau of Statistics said on Tuesday.
China has managed to deal with economic shocks in 2022, posting a 3 percent year-on-year growth, the statement said.
While facing a more complicated and grimmer external environment — as well as multiple pressures from shrinking demand, supply shocks and weakening expectations — Sheng, of the NBS, said that China's economy, characterized by strong resilience, tremendous potential, great vitality and long-term sustainability, will remain sound.
Despite facing a more complicated and grimmer external environment, as well as multiple pressures from shrinking demand, supply shocks and weakening expectations, China's economy, characterized by strong resilience, tremendous potential, great vitality and long-term sustainability, will remain sound, Sheng Laiyun, deputy head of the NBS, said on Tuesday.
With a GDP of $18 trillion, China, the world's second-largest economy, has managed to deal with adverse economic shocks in 2022, posting a 3 percent year-on-year growth, NBS data showed.
First, the tightening of policies in previous years; second, dried up real estate demand, impacted by slower population growth and urbanization; and third, the unexpected great shock by the COVID-19 pandemic.
In addition, the foundation of domestic economic recovery is not yet solid, while the domestic triple pressures of demand contraction, supply shock and weakening expectations, are still concerns, some analysts warned.
The Small and Medium Enterprises Development Index stood at 88.9 in January this year, up 1 point from the previous month, reversing the downward trend of continuous shock since the beginning of last year.
To this end, after the shock of a pandemic lasting three years, more efforts should be made to help private enterprises and individual and household business owners, which are the major job providers making up 90 percent of the over 100 million registered market entities nationwide.
The swift rebound from the COVID-19 shock wave means that activity in the first half of 2023 will be stronger than Fitch Ratings had forecast.
Another factory in Chongqing providing high-end shock absorption and noise reduction products and solutions for passenger cars, including air springs, also became operational last year, and has delivered more than 60 titles of products and solutions to more than 20 clients so far.
Carbon neutrality sector had fastest increase for job postings in 2022Despite the shocks of the COVID-19 pandemic, China's new economy sectors have shown strong resilience and vitality with booming demand for, and supply of, talent in the job market.
Looking into the full year, Wen said China is on track for a steady rebound with the COVID shocks fading and stimulus policies taking effect gradually.
Even though China is facing multiple pressures from shrinking demand, supply shocks, weakening expectations as well as a complicated and grim external environment, the country has the confidence, capabilities and conditions to achieve an overall recovery and improvement in its economic performance, said Yuan Da, director of the Department of National Economy at the National Development and Reform Commission.
"In 2022, Zhejiang withstood unexpected shocks and challenges," Wang said.
Given such adverse shocks as high inflation, rising interest rates, sluggish investment and the Ukraine crisis, global growth has slowed "to the extent that the global economy is perilously close to falling into recession," the report said.
Despite the shocks of the COVID-19 pandemic, experts said, China's economy still enjoys strong resilience and vitality with positives in some indicators.
Zhao's remarks came as data from the National Bureau of Statistics offer an official snapshot of multiple pressures from weakening demand and COVID-19 shocks.
While headwinds and pressures from a cloudy global outlook and COVID-19 shocks will continue to weigh on China's short-term outlook, the nation's economy still shows strong resilience and vitality, which are expected to lead to a notable recovery in 2023, officials and experts said.
Data from the National Bureau of Statistics offers the latest snapshot of the multiple pressures from shrinking demand, supply shocks and weakening expectations.