China Said to Be Considering Record Local Debt Quota

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major economic changes have contributed to the market gains of Tencent and Alibaba?
Relaxation of COVID-19 policies and property regulations
Introduction of new environmental policies
Increase in local government taxes
Reduction in international trade barriers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern regarding the recent policy changes in China?
They may result in higher environmental standards
They could lead to increased international trade
They might be a short-term reaction rather than sustainable
They might cause a decrease in technological innovation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial strategy are local governments considering to manage their strained finances?
Raising property taxes
Cutting down on infrastructure projects
Reducing public sector wages
Increasing local government bond quotas
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has caused the financial strain on local governments during the pandemic?
Reduced land sales and tax breaks
Higher tourism revenue
Increased international aid
Growth in the technology sector
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the proposed change to the budget deficit as part of China's economic strategy?
Narrowing it to 1% of GDP
Widening it to about 3% of GDP
Maintaining it at 2.8% of GDP
Eliminating it entirely
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