China Retail Sales Fall, Industrial Output Slowed in November

The transcript discusses the economic slowdown due to lockdowns and predicts a recovery in economic activities by March, despite a new wave of infections in China. The reopening is expected to disrupt the economy initially, but policy support will remain accommodative. The economic work conference will focus on boosting domestic consumption amid export concerns. Growth projections for next year are realistic at 5%, but external factors pose risks.

What was the primary reason for the economic slowdown in November?

• Improvement in production rates

• Various degrees of lockdown

• Rise in consumer demand

• Increase in export activities

When is a significant rebound in economic activities expected?

• April

• March

• February

• January

What is one of the main challenges of reopening the economy?

• Rise in export activities

• Increase in non-essential services

• Decrease in infection levels

• Disruptions due to home quarantines

What is the role of the central economic work conference?

• To set priorities and GDP targets

• To announce new lockdown measures

• To increase export tariffs

• To reduce domestic consumption

What is the main focus of the economic recovery plan?

• Reducing government spending

• Boosting export activities

• Increasing foreign investments

• Enhancing domestic consumption

What is the expected GDP growth target for next year?

• 4%

• 6%

• 5%

• 3%

What external factor poses a risk to achieving the growth target?

• US economy slipping into recession

• Increase in domestic consumption

• Rise in property sector activities

• Improvement in export numbers