Xi Turns to Public Sector Debt to Curb Wasteful Borrowing

Xi Turns to Public Sector Debt to Curb Wasteful Borrowing

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses Xi Jinping's recent comments at a significant financial regulators' conference, indicating a shift in policy focus from financial innovation to reducing debt growth among state-owned enterprises and local governments. This shift is seen as a major change for the next five years. The video also explores the challenges faced by the Communist Party in altering the incentive structure for cadres, who traditionally advance by promoting growth projects. The new focus on deleveraging presents difficulties in balancing economic growth with debt reduction.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main theme of the financial regulators' conference five years ago?

Reducing debt growth

Financial innovation

Enhancing local government autonomy

Increasing state-owned enterprise efficiency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the new policy focus for the next five years as mentioned by Xi Jinping?

Expanding international trade

Boosting private sector investments

Enhancing technological innovation

Reducing leverage and debt growth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge does the Communist Party face in implementing the new policy focus?

Reducing unemployment rates

Enhancing technological advancements

Changing the incentive structure for cadres

Increasing foreign investments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the new policy focus affect local government officials?

They are required to focus on technological innovation

They are encouraged to increase debt growth

Their career advancement is linked to debt management

They are given more autonomy in decision-making

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential difficulty in balancing the new policy focus with national growth targets?

Increasing foreign debt

Maintaining economic stability

Enhancing technological innovation

Reducing unemployment rates