Can China Fill the Gap If the U.S. Retreats on Trade?

Can China Fill the Gap If the U.S. Retreats on Trade?

Assessment

Interactive Video

Business, Other

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the potential shift from a US-centered to a China-centered global trading system, highlighting the challenges China faces in transitioning its economy from investment-focused to consumption-focused. It examines China's growing debt and the sustainability of its economic model, emphasizing the need for increased household income to boost consumption. The video also explores the yuan's currency dynamics and the impact of capital outflows, considering the implications of currency depreciation and the central bank's role in managing these issues.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge in transitioning from a US-centered to a China-centered global trading system?

Decreased trade opportunities

Higher US deficits

Fiscal contraction in other countries

Increased global surpluses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of China's economy according to the transcript?

Export-driven

Investment-driven

Consumption-driven

Service-driven

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge China faces in reducing its trade surplus?

Decreasing consumption

Increasing exports

Reducing investment

Increasing domestic demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required for China to maintain its current growth targets?

Decreasing investment by 40%

Increasing consumption by 40%

Increasing indebtedness by 40% of GDP

Reducing GDP by 40%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of monetizing debt in China?

Higher investment productivity

Transfer of wealth from households

Decreased unemployment

Increased household wealth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a concern when weakening the renminbi?

Increasing savings

Decreasing exports

Increasing consumption

Decreasing savings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might happen if China runs out of currency reserves?

The currency will depreciate

The currency will appreciate

Capital outflows will increase

The central bank will intervene