Select the TRUE statements from the list below.

There may be more than one correct answer!

Lee Wang wants to increase consumer awareness of high-end Chinese luxury products.

In the past, Chinese companies competed seriously with European companies in retail and distribution.

The purchase of Dolce and Carpaccio has exhausted Wang's resources.

It is quite probable that Wang will make a new acquisition to expand his holdings.

Wang wants to transform parts of Shanghai into places for luxury shopping.

Select the TRUE statements from the list below.

There may be more than one correct answer!

Lee Wang wants to increase consumer awareness of high-end Chinese luxury products.

This is correct. In the article we read that "Lee Wang... is determined to put Chinese-made luxury goods on the map, and understands the importance of brand recognition." To "put (a company) on the map" is to make a company well-known, or establish it. Lee Wang realizes that brand recognition (the consumer awareness of Chinese brands or marks) will help to increase the sales of his luxury products.

In the past, Chinese companies competed seriously with European companies in retail and distribution.

This is incorrect. We read in the article that "the idea that China can compete with the traditional European luxury giants in retail and distribution is no longer a hazy prospect." This indicates that Chinese companies have NOT been able to compete with European companies, but that this may be changing soon (with the rise of new Chinese businesses). A "hazy" prospect is distant, unlikely, vague or unrealistic.

The purchase of Dolce and Carpaccio has exhausted Wang's resources.

This is incorrect. The article mentions that Mr. Wang "may not be done dealing", meaning that he may not be finished doing business. Later we read that Wang "with the resources at his disposal" may do some more shopping. This indicates that Wang still has enough money to buy more companies. To "exhaust" in this context means "to use up" or "to consume completely", and the verb "to deal" describes the act of doing business: buying, selling, negotiating, etc.

It is quite probable that Wang will make a new acquisition to expand his holdings.

This is correct. The article mentions that "with the resources at his disposal, it wouldn't surprise anyone to see Wang come away with a new western subsidiary to play with." This means that Lee Wang has the resources (the money) and the inclination to buy a new company. The expression "to come away with (a new car)" indicates the "acquisition" or "obtaining" of a new car.

Wang wants to transform parts of Shanghai into places for luxury shopping.

This is correct. The article states that "Wang has a vision, he wants to make downtown Shanghai the next 5th Avenue or the next Champs Elysees." This means that Wang wants to make Shanghai a place for high-end and luxury shopping like the Champs Elysees in Paris, and 5th Avenue in New York.

Come away with meaning in English

Definition

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