China GDP Grows 4.8% in 1Q; Retail Sales Fall in March

China GDP Grows 4.8% in 1Q; Retail Sales Fall in March

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the current economic situation, highlighting a better-than-expected GDP number but also pointing out underlying issues such as declining retail and property sales, and a rising jobless rate. The impact of the pandemic and lockdowns is significant, posing challenges to achieving a 5.5% growth target. The government can implement measures like cutting interest rates, but these may have limited effects due to widespread disruptions in supply chains and restrictions on movement.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial positive economic indicator mentioned by state media?

Jobless rate decrease

GDP number

Retail sales growth

Increase in property sales

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the percentage decline in residential property sales from January to March?

25.6%

5.8%

22%

3.5%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When was the last time the jobless rate was as high as it is now?

February 2022

March 2021

April 2020

January 2020

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the government's growth target that is considered challenging?

5.5%

3.5%

7.0%

6.0%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the measures the government can take to address economic challenges?

Increase taxes

Cut interest rates

Raise RR

Implement stricter lockdowns