
VOICED: Chinese exporters hurting as EU crisis deepens
Interactive Video
•
Business
•
10th Grade - University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video discusses the impact of the European market on Mr. Chang's business, highlighting the challenges faced by Chinese manufacturers due to factory closures and shrinking manufacturing activity. Despite stable sales, rising production costs and customer payment issues are significant concerns. The EU's economic crisis is weakening demand, prompting calls for China to rethink its export-led model. Mr. Chang's firm is seeking new clients in emerging economies like Brazil to offset losses in traditional markets.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the impact of the economic crisis in Europe on Chinese businesses according to the text?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Which emerging economy is Mr. Chang's firm looking to sell products to?
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