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Japanese electronics giant Sony Corp is reviewing its China operations amid a global layoff1 plan that will see 16,000 people lose jobs. Sony China said it will "actively2 cooperate with the initiative" by its headquarters in Japan, the largest workforce3 reduction by a Japanese company since the start of the global economic crisis. The global slump4 has also forced Sony to close at least five factories and curb5 worldwide investment. Hou Li, an analyst6 at Essence Securities, said he believed that Sony layoffs7 in China are set to happen as the demand for consumer electronics products is slowing both in China and globally. China is Sony's major manufacturing center and one of its key markets. The firm employs about 48,000 people in China, more than one quarter of its global headcount. Amid the slowdown, consumers will be reluctant to buy consumer electronics gadgets8, which are usually "not must-buy products", which could significantly hurt Sony, Hou said. China's consumer electronics market has long been plagued by price wars, which have produced razor-thin margins9 for some products. Despite the possible layoff wave, Sony said it remains10 committed to the China market. In 2007, Sony China generated $5.1 billion in sales, recording11 20 percent annual growth for the third consecutive12 year. "Despite the slowing demand and intensifying13 competition, China is the company's largest growth potential market and also the most important part in the operation value chain," Sony China said in a statement. Sony China said the company has implemented14 several measures to fend15 off the slowing economy, including adjusting portfolio16, lowering inventory17 levels and reducing operational expenses. If Sony decides to curb investment in China, it could also affect many of its partners, said Hou. "Hundreds of small-sized local companies (along the supply chain) will also be forced to cut jobs," he said. Questions: 1. How many jobs is Sony Corp considering cutting? 2. How many factories has Sony Corp been forced to close since the current financial crisis began? 3. Which country is Sony’s largest potential growth market? Answers: 1. 16,000. 2. 5 factories. 3. China. 点击收听单词发音
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