China's Central Bank Will Keep Policy Appropriate and Supportive: Governor

The video discusses the economic policies of major economies, focusing on China's 2021 performance and future prospects. It highlights the challenges faced by emerging markets due to global financial conditions and the importance of regional financial cooperation. Currency swaps and local currency settlement frameworks are emphasized as tools for enhancing financial stability and trade. The video concludes with a call for continued cooperation to promote local currencies and ensure economic resilience.

What was the GDP growth rate of China in 2021?

• 6.5%

• 7.2%

• 9.0%

• 8.1%

Which factor is NOT mentioned as a challenge to China's economic growth?

• Volatile internal conditions

• Political instability

• External financial conditions

• High inflation rates

What is a key strategy for central banks in advanced economies to manage market expectations?

• Increasing interest rates

• Boosting exports

• Enhancing market communication

• Reducing inflation

Why are emerging markets more vulnerable to external financial conditions?

• High vaccination rates

• Weak healthcare systems

• Strong financial systems

• Stable political environments

What is one benefit of currency swaps among Asian countries?

• Boosted financial safety net

• Enhanced trade barriers

• Increased inflation

• Reduced foreign investment

Which countries have established bilateral local currency settlement frameworks since 2016?

• China and India

• Vietnam and Singapore

• Thailand and Malaysia

• Japan and South Korea

What is one impact of the local currency settlement frameworks on trade?

• Improved trade efficiency

• Higher currency exchange costs

• Increased exchange risk

• Decreased local currency usage