China Is Going Through 'Big Bang' Reform: Sheeran

The video discusses China's economic reforms announced at the Third Plenum, highlighting their potential to transform China into an advanced economy by 2020. The reforms focus on various sectors, including environmental regulations, and aim to increase China's share of global GDP. The speaker emphasizes the importance of these reforms for the global economy and suggests that they are being implemented with urgency and purpose. The video concludes with an optimistic outlook on China's economic trajectory.

What was the primary goal of the economic decisions made at the Third Plenum of the Congress of China?

• To reduce China's population growth

• To transform China's economy into an advanced one by 2020

• To expand China's territory

• To increase military spending

How has China's share of global GDP changed since the 1970s?

• It has decreased from 5% to 2%

• It has increased from 2% to 13.5%

• It has remained constant at 10%

• It has increased from 10% to 25%

What is the potential future share of China's GDP in the global economy with successful reforms?

• 10%

• 25%

• 15%

• 20%

What new measure has China implemented to monitor company emissions?

• Voluntary emissions tracking

• Annual environmental audits

• A separate court for emissions violations

• Monthly reporting of emissions

What opportunity does the global economy have in relation to China's growth engine?

• To reduce trade with China

• To connect with China's economic growth

• To invest in China's military

• To adopt China's political system