Rogoff: China Understands It Has a Credit-Fueled Bubble

Rogoff: China Understands It Has a Credit-Fueled Bubble

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Business

University

Hard

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The transcript discusses the challenges faced by Chinese authorities in managing their economy, particularly in dealing with a credit-fueled bubble and the need to shift focus from loss-making industries to the service sector. It also touches on the role of foreign reserves in stabilizing currency and managing bad debts, highlighting the complexity of economic management in China.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main challenges the Chinese authorities face in managing their economy?

Reducing foreign investments

Increasing the credit bubble

Shifting focus to the service sector

Expanding loss-making industries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are Chinese authorities hesitant to increase the deficit to 6%?

They want to boost the economy further

They aim to maintain economic stability

They plan to increase foreign investments

They wish to expand the manufacturing sector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do foreign exchange reserves play in China's economy?

They are used to fund new infrastructure projects

They are solely for paying off international debts

They help stabilize the currency

They are used to increase foreign investments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant use of China's foreign exchange reserves?

To expand the coal industry

To fund new technology startups

To increase the national deficit

To stabilize the currency

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is unclear about China's foreign exchange reserves?

The total amount available

The extent of their commitment

Their role in international trade

Their impact on the service sector