China Import Slump Casts Gloom

The transcript discusses the impact of the global slowdown and trade war on China's economy, highlighting a significant drop in exports and imports. China's GDP growth is at its slowest pace in nearly three decades. Despite a phase one trade agreement, existing tariffs remain, and Beijing maintains a cautious view, seeing the deal as a trust exercise rather than a resolution.

What was the percentage drop in China's imports as mentioned in the video?

• 3.2%

• 5.0%

• 8.5%

• 10.0%

What is the expected GDP growth rate for China in the third quarter?

• 6.5%

• 7.0%

• 5.5%

• 6.1%

Why is the phase one trade agreement not expected to significantly change China's growth outlook?

• Because it focuses on technology

• Because it is a comprehensive deal

• Because existing tariffs remain

• Because it includes new tariffs

How has Beijing's view of the trade agreement been described?

• Optimistic

• Indifferent

• Cautious

• Aggressive

What has been highlighted by Beijing regarding the trade agreement?

• It has been signed

• It is a trust exercise

• It is a final deal

• It includes new tariffs