U.S., China Plan More Trade Talks

The transcript discusses the impact of tariffs on China's economy, noting that net exports contributed significantly to growth. Despite some signs of stabilization, such as improved retail sales in June, the trade war remains a major uncertainty. Consumption, a key growth driver, has declined, indicating weak domestic demand. The government may need to support growth through various measures. Economists predict a continued slowdown, raising questions about the government's comfort with growth below targets.

What was the contribution of net exports to China's economic growth in the last quarter?

• 10%

• 20%

• 40%

• 30%

What is the biggest uncertainty facing China's economy according to the first section?

• Trade war

• Rising inflation

• Currency devaluation

• Unemployment

How has the contribution of consumption to China's economic growth changed in the first half of the year?

• Increased from 60% to 65%

• Decreased from 65% to 60%

• Increased from 55% to 60%

• Remained constant at 65%

What measures might the Chinese government take to support economic growth?

• Increase interest rates

• Reduce public spending

• Encourage bank lending and infrastructure spending

• Implement trade restrictions

What is the government's target range for economic growth?

• 6% to 6.5%

• 6.5% to 7%

• 5% to 5.5%

• 7% to 7.5%