Chinese Premier Says Economy Worse Off in Some Ways Than 2020

The transcript discusses concerns among top policymakers, including Premier Li Keqiang, about China's economic performance. The government is worried about the jobs market, especially youth unemployment, and is urging local and provincial authorities to implement measures announced by the State Council. These measures include tax rebates and infrastructure spending. The economic recovery in May did not meet expectations, making the 5.5% growth target seem increasingly elusive.

What was the main reason for the urgency among Chinese policymakers?

• The economy was not performing as anticipated.

• The economy was performing better than expected.

• The State Council had not announced any measures.

• There was a surplus in the jobs market.

What specific issue in the jobs market is the Chinese government particularly worried about?

• Youth unemployment

• Overemployment

• Senior unemployment

• Part-time employment

What action does the government want local and provincial authorities to take?

• Ignore the State Council's measures

• Implement the measures announced by the State Council

• Increase taxes

• Reduce spending on infrastructure

Which of the following is included in the 33 measures announced by the State Council?

• Decrease in public services

• Reduction in infrastructure spending

• Tax rebates

• Tax increases

What is the growth target that seems increasingly difficult to achieve?

• 4%

• 5%

• 6%

• 5.5%