Is China Close to Rebalancing Its Economy?

Is China Close to Rebalancing Its Economy?

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the current state of the economy, highlighting a 6.7% growth rate and the government's efforts to rebalance the economy away from exports and investments. It addresses challenges such as excessive credit and surging property prices, and the potential collateral damage of managing these issues. The discussion also covers the yuan's value, outflow pressures, and the government's strategy to ensure a soft economic landing, avoiding past mistakes like currency devaluation.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the current growth rates mentioned in the text, and how do they reflect the state of the economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the challenges the Chinese government faces regarding excessive credit and property prices.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the text describe the potential consequences of the government's actions on unemployment?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies are suggested for managing the offshore and onshore yuan?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is meant by a 'soft landing' for the Chinese economy, according to the text?

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