1. Mr Koepke argues, however, that the role of US interest rates in provoking EM crises has not been fully understood. He presents evidence that the probability of EM crises is substantially higher during a conjunction of three conditions: during a Fed tightening cycle, when the federal funds rate is above its natural rate (the rate that leads actual output to converge to potential output), and when market participants are surprised by signals that the Fed will tighten policy faster than previously expected.

2. 谷歌和亚马逊分居第二、三名。

3. 欧盟正明确表现出，它希望利用美国在贸易上领导力的空缺来敲定新的贸易协议。欧盟在拉丁美洲与南方共同市场(Mercosur)的谈判时断时续，已经进行了10多年。但欧盟和阿根廷等南方共同市场的关键成员国正推动在今年年底前达成一项协议。这将成为一项重要声明，正好杵在美国的后院内。

4. 奥运会是世界各国放下分歧、从事体育运动的时刻。不过这究竟能否付诸实践，还是有争议的。虽然运动员们一定会专注于比赛，不过长期存在的分歧很难会被他们的祖国遗忘，即使是暂时遗忘。

5. Of the 27 provincial-level regions that outpaced the country's 6.7% GDP growth in 2016, only three regions - Chongqing, Guizhou and Tibet - achieved double-digit growth.

6. 在婴儿出生前治疗出生缺陷

应用

1. Jiang Yiyi at the China Tourism Academy suggests China adopt a long-term national plan to improve the country's image and investment in inbound tourism to attract more visitors.

2. adj. 肌肉的，肌肉发达的

3. Some 695 million netizens used mobile phones to access the Internet in 2016, with a growth rate exceeding 10 percent for the third straight year, the report said. Smartphone-based Internet use accounted for 95.1 percent of all Internet users, up from 90.1 percent in 2015.

4. 2012年春运期间，12306网站系统约售出110万张车票。去年，该系统售出的车票数量同比增加1100万张。

5. 大学生创业的常见领域包括餐饮、农业、信息技术、运输、教育、文化。报告称，13.8%的创业者对住宿、餐饮业感兴趣，13.7%的创业者选择农业。

6. Gitanjali Rao was selected from 10 finalists who had spent three months collaborating with scientists to develop their ideas.

旧版特色

1. It is the continual shrinkage of components that have unleashed the explosion of computing power and enabled these gadgets to be accessible to people across the world.

2. Barack Obama went on the offensive over foreign policy in the third and final presidential debate, repeatedly accusing Mitt Romney of flip-flopping on major international issues but failing to deliver a killer blow to his opponent's resurgent campaign.

3. The remains of the monarch -- depicted by William Shakespeare as a monstrous hunchback and often viewed as one of English history's greatest villains -- will now be solemnly reburied in the local cathedral.