Running Across the River

The video discusses the rapid societal changes in China and their global impact. It uses a metaphor of crossing a river by feeling for stones to describe China's reform era, highlighting the trial-and-error approach. The development process is characterized by its fast pace, with China influencing other countries, notably in Africa, by leveraging its economic power. The video also covers China's strategy to address excess production capacity by expanding into new markets, emphasizing the importance of economies of scale.

What metaphor is used to describe China's reform era?

• Crossing a river by feeling for stones

• Walking through a foggy forest

• Sailing without a compass

• Climbing a mountain without a map

How is the speed of China's reform process described?

• Gradual and cautious

• Unpredictable and erratic

• At a breakneck speed

• Slow and steady

What is a key characteristic of China's reform process?

• It is based on historical precedents

• It involves trial and error

• It is driven by external pressures

• It is meticulously planned

In which region is China notably exerting its influence?

• Sub-Saharan Africa

• Eastern Europe

• Middle East

• South America

What industry is highlighted as having excess capacity in China?

• Automotive

• Electronics

• Agriculture

• Textile