ielts topic specific vocab (band 9) finance

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TOPIC SPECIFIC VOCABULARY

Band 9 essays require
TOPIC SPECIFIC
vocabulary,
First the slide shows the term, the second sentence puts it into context.

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financial district

A ride in a London taxi from Canary Wharf, a financial district, to the Bank of England sounds like an inimitably British experience.

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part-owned by

Londons black cabs are made by Manganese Bronze, which is part-owned by Geely,

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a sovereign-wealth fund

China Investment Corporation (CIC), a sovereign-wealth fund, has the third-largest stake in

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the third-largest stake

has the third-largest stake in Songbird Estates,

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leased

which have bought or leased about 300,000 square feet (28,000 square metres) of office space

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Chinese-owned

The Bank of England is not yet Chinese-owned but it is increasingly.....

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plush new headquarters

Bank of China, which has been in London since 1929, has recently moved into plush new headquarters that overlook the central bank.

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another state-owned giant

Down the road, in King William Street, the builders are at work inside the future home of ICBC, another state-owned giant.

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political elites

Europes political elites have fewer qualms.

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sovereign-debt markets

A buyers strike in sovereign-debt markets has left several struggling euro-zone countries wondering...

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purchase euro-denominated

Such visible signs of Chinese encroachment will feed the worries of many Europeans.

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outward expansion

But Europe is likely to feel the force of Chinas outward expansion earlier than America.

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prevented from buying

where a Chinese oil firm was prevented from buying Unocal in 2005

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colours perceptions.

...an event that still colours perceptions.

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incentive to diversify

And Chinas huge holdings of Treasuries give it an incentive to diversify into other markets.

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economic forays

In analysing Chinas economic forays into Europe, it helps to divide them into three categories...

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