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M) A few seem to be making this work．Among large traditional retailers, Walmart recently reported the best results, leading its stock price to surge, while Macy’s, Target, and Nordstrom’s dropped. Yet Walmart’s year-over-year online sales only grew 7 percent, leading its CEO to lament (哀叹), “Growth here is too slow．”Part of the problem is that almost two decades after Amazon filed the one．click patent, the online retail shopping and buying experience is filled with frictions．A recent study graded more than 600 internet retailers on how easy it was for consumers to shop, buy, and pay．Almost half of the sites didn’t get a passing grade and only 18 percent got an A or B．

N) The turmoil on the ground in physical retail is hard to square with the Census data． Unfortunately, part of the explanation is that the Census retail data are unreliable．Our deep 100k into those data and their preparation revealed serious problems．It seems likely that Census simply misclassifies a large chunk of online sales．It is certain that the Census procedures, which lump the online sales of major traditional retailers like Walmart with“non-store retailers"1ike food trucks．can mask major changes in individual retail categories．The bureau could easily present their data in more useful ways．but they have chosen not to．

O) Despite the turmoil, brick and mortar won’t disappear any time soon．The big questions are which, if any, of the large traditional retailers will still be on the scene in a decade or two because they have successfully reinvented themselves, which new players will operate busy stores on Main Streets and maybe even in shopping malls, and how the shopping and buying experience will have changed in each retail category．Investors shouldn’t write off brick and mortar．Whether they should bet on the traditional players who run those stores now is another matter

36.Although online retailing has existed for some twenty years, nearly half of the internet retailers still fail to receive satisfactory feedback from consumers, according to a recent survey．

37.Innovative retailers integrate internet technologies with conventional retailing to create new retail models．

38.Despite what the Census data suggest, the value of physical retail’s stocks has been dropping．

39.Innovative—driven changes in the retail industry didn’t take place as quickly as widely anticipated．

40. Statistics indicate that brick and mortar sales still made up the lion’s share of the retail business.

41. Companies that successfully combine online and offline business models may prove to be a big concern for traditional retailers.

42.Brick and mortar retailers’ faith in their business was strengthened when the dot com bubble burst.

43. Despite the tremendous challenges from online retailing, traditional retailing will be here to stay for quite some time.

44. With the rise of online commerce, physical retail stores are likely to suffer the same fate as i the yellow pages.

45. The wide use of smartphones has made it more complex for traditional retailers to reinvent their business.

Section C

Directions: There are 2 passages in this section.Each passage is followed by some questions or unfinished statements.For each of them there are four choices marked A), B), C)and D). You should decide on the best choice and mark the corresponding letter on Answer Sheet 2 with a single line through the centre.

Passage One

Questions 46 to 50 are based on the following passage.

Professor Stephen Hawking has warned that the creation of powerful artifcial intelligence (AI) will be “either the best, or the worst thing, ever to happen to humanity”, and praised the creation of an academic institute dedicated to researching the future of intelligence as “ crucial to the future of our civilisation and our species”.

Hawking was speaking at the opening of the Leverhulme Centre for the Future of Intelligence(LCFI) at Cambridge University, a multi-disciplinary institute that will attempt to tackle some of the open-ended questions raised by the rapid pace of development in AI research. “We spend a great deal of time studyin history,” Hawking said, “which, let’s face it, is mostly the history of stupidity. So it;s a welcome change that people are studying instead the future of intelligence.”

While the world-renowned physicist has often been cautious about AI, raising concerns that humanity could be the architect of its own destruction if it creates a super-intelligence with a will of its own, he was also quick to highlight the positives that AI research can bring. “The potential benefits of creating intelligence are huge,” he said. “We cannot predict what we might achieve when our own minds are amplified by AI. Perhaps with the tools of this new technological revolution, we will be able to undo some of the damage done to the natural world by the last one-industrialisation. And surely we will aim to finally eradicate disease and poverty. And every aspect of our lives will be transformed. In short, success in creating AI could be the biggest event in the history of our civilisation.”