近期，中国股市连连下跌，上证综指31日再次创下三年多来的收盘新低。对此，中国证监会有关部门负责人表示，股市下跌存在恐慌性因素，A股股息率与发达国家相比已经不低，投资者不要盲目跟风，以免造成巨额损失。

A股市场存在恐慌性下跌

证监会提供的数据显示，今年上半年，A股市场走势领先全球，但是自6月份以来，上证综指下跌11.3%，深证成指下跌12.06%，成为全球市场的另类。

同期，全球主要股指大都保持上涨态势，其中美国道琼斯工业指数和标普500指数涨幅分别高达5.48%和5.72%。与A股市场关联度最高的香港市场表现更是强劲，恒生指数在过去两个月里上涨6.27%。

“即便是在欧债危机的中心，市场反应都没有A股这样强烈。”证监会有关部门负责人说。数据显示，法国巴黎CAC40指数和德国法兰克福DAX指数自6月以来涨幅分别达到10.07%和8.14%。

该负责人说，虽然说股市下跌从一定程度上反映了宏观经济增速放缓和企业盈利预期下降的趋势，但有些反应过头，在悲观情绪的支配下，A股市场存在恐慌性下跌。

A股股息率与发达市场比并不低

股息率是股息与股票价格之间的比率，是判断一只股票是否具有投资价值的重要指标。当股价高高在上时，上市公司的分红没有多少意义，因为分红与股价相比，往往1%都不到，因此投资者往往更在乎股价的波动。而在股价变得非常便宜时，分红的作用就变得重要。

“近年来，我国股票市场的股息率不断提高，A股市场目前的股息率水平与发达国家市场差距并不大，一些蓝筹股的股息率甚至高于标普500。”证监会有关部门负责人说。

数据显示，近年来，A股上市公司的分红水平不断提高，股息率从20xx年的1.04%到20xx年的1.14%，再提高到20xx年的1.82%；而三年间，沪深300的股息率更是从1.29%上涨到了2.34%。同期，标普500的股息率则从2.11%降至1.87%，又升至2.12%。

仅仅按照分红来看，A股市场一些蓝筹公司的可预期收益就已经高于定期存款。证监会提供的数据显示，中国石油、工商银行、中国银行、中国石化、光大银行、大秦铁路、长江电力等分红比例较高的公司股息率都超过3%。

来源 ： 雅虎财经

第二篇：新闻摘抄短语

1.Wasting Time Is New Divide in Digital Era(5.30)

1.In the 1990s, the term “digital divide” emerged to describe technology’s haves and have-nots.

n  If you refer to two groups of people as haves and have-nots, you mean that the first group are very wealthy and the second group are very poor. You can also refer generally to poor people as have-nots.

2.who has long doubted the value of putting a computer in every home without proper oversight.

oversight  

n  n (a) [U] unintentional failure to notice sth 疏忽; 失察: Many errors are caused by oversight. 有很多错误都是因疏忽造成的. (b) [C] example of this 疏忽; 失察: Through an unfortunate oversight your letter was left unanswered. 因不慎疏忽未能给你覆信.

3.trainers wouldfan out toschools and libraries to teach productive uses of computers for parents, students and job seekers.

n  fan out phr v
if a group of people fan out, they walk forwards while spreading over a wide area

4.“We failed to account for thisahead of the curve,” she said.

n  ahead of (or behind) the curve, at the forefront of (or lagging behind) recent developments, trends, etc.

5.Policy makers and researchers say the challenges are heightened for parents and children with fewer resources

n  heighten (sb's) awareness (of sth)
(=make people realize something more clearly)
　The case has heightened public awareness of the problem of sexual harassment.

6.Many lower-income families take great pains to manage how their children use their devices.

n  take/go to (great) pains to do sth also take pains with/over sth
to make a special effort to do something
　He's taken great pains to improve his image.

n  go to/take great pains to do sth to make a lot of effort to do something:
I went to great pains to select the best staff available.

n  If you take pains to do something or go to great pains to do something, you try hard to do it, because you think it is important to do it.
Social workers went to great pains to acknowledge men's domestic rights...
I had taken great pains with my appearance.

2. Before Leaping, Listen to a Giant(5.28)

1.Not putting your eggs in one basketis ancient wisdom.

n  put all one's ,eggs in/into one `basket risk everything one has on the success of one plan, eg by putting all one's money into one business 孤注一掷（如将所有的钱投入一项生意

n  put all your eggs in one basket
to depend completely on one thing or one course of action in order to get success, so that you have no other plans if this fails
　When planning your investments, it's unwise to put all your eggs in one basket.

2.Allocate them in a proportion that gives you a level of volatilitywith which you are comfortable.

n  comfortable with
　She's never felt very comfortable with men.
　In our business, we need people who are comfortable in an unstructured environment.

n  If you are comfortable with a situation, you do not have any worries about it:
I'm not comfortable with the idea of leaving her on her own.

3.But you can use a rational process” to incorporatethosebeliefs intoyour portfolio.

n  / ?n?k??p?re?t; ?nˋk?rp?ret/ v ~ sth (in/into sth) make sth part of a whole; include 将某事物包括进去; 包含: Many of your suggestions have been incorporated in the new plan. 你的建议多已纳入新计画中.

n  incorporate sth into/in sth
　We've incorporated many environmentally-friendly features into the design of the building.
　Our original proposals were not incorporated in the new legislation.

n  VN]~ sth (in / into / within sth) to include sth so that it forms a part of sth: Many of your suggestions have been incorporated in the plan. ◆ The new car design incorporates all the latest safety features. ◆ We have incorporated all the latest safety features into the design.

4.In fact, his 1952 insight that people respond to changes in wealth — as opposed to states of wealth — provided one of the main building blocks ofbehavioral economics,

5. The rich continued to live far better than the poor, but over the next 50 yearsthe gap between them narrowed ­substantially.

n  substantially  [s?b'stæn??li]

ad.  实质上, 本质上, 大体上

n  very much or a lot
= considerably
　substantially higher prices
　The deer population has increased substantially in recent years.
used to say that in many ways something is true, the same, different etc
= essentially
　There are one or two minor differences, but they're substantially the same text.

n  narrow v [I, Tn] (cause sth to) become narrower （使某物）变窄: The road narrows here. 路到这里变窄了.* Her eyes narrowed (ie She partly closed them) menacingly.她威胁地眯起眼睛. * The gap between the two parties has narrowed considerably. 双方的隔阂已明显缩小.

6.the American economist (and future Nobel laureate) Simon Kuznetsextrapolated into the indefinite future this newer trend toward more equal incomes and living standards

n  / ?k?stræp?le?t; ?kˋstræp??let/ estimate (sth unknown) from facts that are already known 由已知事实估计（未知事物）; 推断; 推知: One can extrapolate the size of the building from the measurements of an average room.从一间屋子的量度可以推断出整座建筑物的大小

n  to use facts about the present or about one thing or group to make a guess about the future or about other things or groups
extrapolate (sth) from sth
　It is possible to extrapolate future developments from current trends.
　You're extrapolating from your own feelings to mine.
extrapolate (sth) to sth
　These results cannot, however, be extrapolated to other patient groups.

7.As a result, his book resonates more withthe recent focus on “the 1 percent” than with more traditional concerns about poverty.

n  if something such as an event or a message resonates, it seems important or good to people, or continues to do this
resonate with
　an idea that resonates with many voters
to make a deep loud clear sound that continues for a long time
→resound
　The music resonated through the streets.
to make a sound that is produced as a reaction to another sound
resonate with [resonate with sth] phr v
formal to be full of a particular meaning or quality
　literature that resonates with biblical imagery
to be full of a particular sound
　a hall resonating with laughter

8. which inadvertently brings in more unskilled than skilled immigrants and therebysubjects already lower-income workers to greater competition for jobs;

n  / s?b?d?ekt; s?bˋd??kt/ v [Tn, Tn.pr] ~ sb/sth (to sth) bring (a country, etc or a person) under one's control 使（国家等或人）臣服或顺从; 征服; 制伏: Ancient Rome subjected most of Europe (to its rule). 古罗马帝国征服了欧洲大部分.
[Tn.pr] ~ sb/sth to sth cause sb/sth to experience or undergo sth 使某人[某物]经历或遭受某事物: subject sb to criticism, ridicule, abuse, etc 使某人遭批评﹑ 取笑﹑ 辱骂等 * She was repeatedly subjected to torture. 她不断地受到折磨. * As a test the metal was subjected to great heat. 这种金属经过了高温试验.

3.A Mutual Benefit from China’s Private Link to Treasury Auctions(5.24)

1.The revelation that China is the sole country that can bid on and buy debt directly from the United States Treasury

n  ~ (sth) (for sth); esp US ~ (sth) (on sth) (a) offer (a price) in order to buy sth, esp at an auction （购物时）出价; （尤指拍卖时）喊价: What am I bid (for this painting)? （这幅画）给我个价, 诸位愿意出多少钱? * She bid 500 (for the painting). 她喊价500英镑（买这幅画）.

2.“There’s just no secret about direct bidding,” said a former Treasury official, who spoke on the condition of anonymity

n  [U] state of being anonymous 无名; 匿名; 作者不明.

3.But they do gain access to information foreign governments may prefer that they do not have.

n  gain/get access (to sth)
to succeed in entering a place or in seeing someone or something
　The police managed to gain access through an upstairs window.

4.“That Treasury wouldn’t want to putone purchaser over position ofother purchasers

n  put oneself/sth over (to sb) => put oneself/sth across/over (to sb). put sth over on sb (infml 口) persuade sb to accept a claim, story, etc that is untrue or worthless 诱劝某人接受虚假的或无价值的事物: He's not the sort of man you can put one over on. 他可不是能用花言巧语打动的人.

n  put one/sth over on sbinformal
to deceive someone into believing something that is not true or that is useless
　Nobody could put one over on him.

5.China is the biggest offshore holder of American government debt, and the United States the single biggest national market for Chinese exports.

n  at sea not far from the land 近海的: an,offshore `oil rig, `island, `anchorage 近海的石油钻塔﹑ 岛﹑ 锚地 * ,offshore `fishing 近海捕鱼.

6.The reality is that China’s holdings of U.S. treasuries reflect the symbiotic relationship between the two countries, rather than leveragethat either onehas overthe other.

n  le·ver·age¹ /?li?v?r?d? US ?le-, ?li?-/ n [U]
influence that you can use to make people do what you want
　diplomatic leverage by the US
the action, power, or use of a lever

n  杠杆作用, 杠杆装置, 杠杆效率

[医] 杠杆率

[经] 杠杆作用

 

6.A Gap in College Graduates Leaves Some Cities Behind(6.30)

1.Dayton sits on one side of a growing divide among American cities, in which a small number of metro areas vacuum upa large number of college graduates, and the rest struggle to keep those they have.

n  ~ sth (out) (infml 口) clean (sth) with a vacuum cleaner 用真空吸尘器清扫（某物）: vacuum the stairs, carpet 用吸尘器清扫楼梯﹑ 地毯等 * vacuum (out) the car 用吸尘器打扫汽车.

n  vacuum /?væk.ju?m/
verb [I or T] (UK ALSO hoover)
to use a vacuum cleaner to collect dust, dirt, etc:
Vacuum (up) the cake crumbs, would you?

2.San Francisco has been a magnet for college graduates for decades;

n  ?mægn?t; ˋmæɡn?t/ n  piece of iron, often ina horseshoe shape, which can attract iron, either naturallyor because of an electric current passed through it, and which points roughly north and south when freely suspended 磁铁; 磁石. =>illus 见插图.
(fig 比喻) person or thing that has a powerful attraction 有强大吸引力的人或物: This disco is a magnet for young people. 这家迪斯科舞厅经常吸引大批年轻的顾客.
> magnetism / ?mægn?t?z?m; ˋmæɡn??t?z?m/ n [U]
1 (science of the) properties and effects of magnetic substances 磁性; 磁性作用; 磁学.
2 (fig 比喻) great personal charm and attraction 人的魅力和吸引力: the magnetism of a great cinema performer 一杰出电影演员的魅力.
magnetize, -ise / ?mægn?ta?z; ˋmæɡn??ta?z/ v [Tn] 1 cause (sth) to become magnetic 使（某物）磁化, 起磁: This screwdriver has been magnetized. 这把改锥已经磁化了.
(fig 比喻) attract (sb) strongly, as if by magnetism 强烈吸引（某人）: She can magnetize a theatre audience. 她能像磁石般吸引剧院观众.

3.The divide shows signs of widening as college graduates gravitate to places with many other college graduates and the atmosphere that creates.

n  gravitate  grav·i·tate /?græv?te?t/ v [I always + adverb/preposition]
formal to be attracted to something and therefore move towards it or become involved with it
gravitate to/towards
　Most visitors to London gravitate to Piccadilly Circus and Leicester Square.

4.But she loves the freedom of not having to clock in and out.“It’s so strange to find that there is life after G.M.,” she said.

n  clock in
[PHRASAL VERB] V PWhen you clock in at work, you arrive there or put a special card into a device to show what time you arrived.
I have to clock in by eight.
≠ clock off

n  clock out
[PHRASAL VERB] V P of n, also V P
Clock out means the same as clock off.
She had clocked out of her bank at 5.02pm using her plastic card.

n  clock in, to begin work, esp. by punching a time clock: She clocked in at 9 on the dot.

clock out, to end work, esp. by punching a time clock: He clocked out early yesterday.