No. China Is Not Going To Collapse... Yet: Housing and Jobs

What are the three main factors that have driven China's economic growth, according to the video?

• Agriculture, mining, and renewable energy

• Low-cost manufacturing, government stimulus, and speculative housing markets

• Education, healthcare, and social welfare

• High-tech innovation, foreign investments, and tourism

Why are manufacturers considering countries like Vietnam and India over China?

• Better environmental laws

• Lower labor costs and expensive shipping from China

• Higher quality of products

• More advanced technology

What is technical agglomeration?

• A strategy for increasing exports

• The process of merging companies

• The benefit of businesses being close to each other in the same industry

• A method of reducing production costs

What misconception do economists often have about China's economy?

• That it is the largest economy in the world

• That it has no domestic market

• That it is directly dependent on mercantilist trade performance

• That it is solely reliant on agriculture

What is the main issue with China's extensive infrastructure spending?

• It has led to a lack of skilled workers

• It has resulted in ghost cities and ongoing maintenance liabilities

• It has improved the quality of life for all citizens

• It has reduced the national debt

What is the purpose of China's Belt and Road Initiative?

• To reduce the national debt

• To continue infrastructure spending in beneficial areas

• To increase agricultural output

• To improve healthcare services

What is a potential consequence of China's over-reliance on infrastructure stimulus?

• Increased foreign investment

• Sustainable economic growth

• Running out of meaningful projects to build

• Improved environmental conditions