Briefing by Chinese Foreign Ministry ahead of G20 summit

The video discusses China's economic strategies, focusing on achieving a balanced international trade, efforts to boost domestic consumption, and the management of the RMB exchange rate. It highlights China's participation in the G20 meeting, emphasizing fiscal consolidation and domestic growth. The video also covers the pressures on the RMB exchange rate and China's approach to formulating exchange rate policies based on domestic and international conditions.

What is China's primary objective in international trade according to the video?

• Increasing exports at any cost

• Achieving a large trade surplus

• Reducing imports significantly

• Balancing international payments

What was the percentage increase in domestic consumption in China from January to May?

• 20.1%

• 22.3%

• 18.2%

• 15.5%

Which global economic position does China hold in terms of promoting domestic growth?

• Not specified

• Middle of the pack

• Leading position

• Trailing behind

What is the main focus of the meeting mentioned in the video regarding the Chinese Yuan?

• Discussing the Yuan's exchange rate

• Increasing the Yuan's value

• Eliminating the Yuan's use internationally

• Reducing the Yuan's circulation

How does the Chinese government decide on its exchange rate policies?

• By maintaining a fixed rate

• Considering both domestic and international conditions

• By following other countries' policies

• Based on international trends only