VOICED: Can China sustain its growth?

China's economy has grown significantly since the 1970s, aiming to be the third-largest globally. Despite challenges like inflation and economic restructuring, urbanization and domestic consumption are key strategies for growth. China's economic performance has global implications, aiding recovery from financial crises, though it remains smaller than the US economy.

What was one of China's main economic goals in the 1970s?

• To focus solely on rural development

• To surpass the United States

• To become the world's third-largest economy

• To become the world's largest economy

What is a key policy in China's economic restructuring?

• Decreasing domestic consumption

• Promoting urbanization

• Reducing urbanization

• Increasing rural population

Why does the Chinese government encourage urbanization?

• Urban dwellers consume less than rural counterparts

• It leads to a decrease in inflation

• Urban dwellers consume more, boosting domestic consumption

• Urbanization decreases economic growth

What does the World Bank caution about China's economy?

• It is not affected by global economic trends

• It can single-handedly pull the world out of recession

• It is only a fraction of the size of the US economy

• It is larger than the US economy

What has contributed to China's economic recovery?

• Reduction in urbanization

• Growth in the export sector

• A decrease in domestic consumption

• A decline in exports