China Vows Stronger Policy to Boost Jobs as Covid Rages

The transcript discusses China's economic challenges, focusing on the inability to meet growth targets due to lockdowns. Policymakers are implementing measures to stabilize employment and provide economic support. The State Council is calling for increased infrastructure spending and job creation. Updates on COVID-19 outbreaks in Shanghai and Beijing indicate some stabilization, but certain areas remain under lockdown.

What is the primary reason for the economic slowdown in China as discussed in the video?

• Natural disasters

• Political instability

• Lockdowns due to COVID-19

• Trade wars

What is one of the key measures the State Council is implementing to support economic growth?

• Increasing taxes

• Reducing infrastructure spending

• Limiting exports

• Boosting job creation

What is the State Council's approach to industries hardest hit by the pandemic?

• Increasing tariffs

• Providing subsidies

• Reducing workforce

• Imposing stricter regulations

Which city is mentioned as being in lockdown due to its role in producing global knickknacks?

• Shanghai

• Chao Yang

• Beijing

• Yiwu

What trend is observed in the number of new daily infections in Shanghai?

• Increasing rapidly

• Fluctuating unpredictably

• Stabilizing

• Decreasing for consecutive days