Takeaways From Chinese Premier Li's Speech at the WEF

The video discusses China's economic growth, highlighting its low unemployment rate and GDP growth target of 6.3% to double its GDP by 2020. It explores financial repression, high savings rates, and market restrictions. The video also covers China's economic reforms, including bond market liberalization, and draws lessons from the Soviet Union's collapse, emphasizing gradual reform and growth.

What growth rate does China need to achieve its GDP doubling target by 2020?

• 4.9%

• 5.5%

• 6.3%

• 7.0%

What is one of the 'luxuries' China can afford due to its economic growth?

• Expanding its territory

• Reducing taxes

• Focusing on stability and environmental concerns

• Increasing military spending

What is the term used to describe the phenomenon where China's capital allocation process needs improvement?

• Financial repression

• Economic stagnation

• Market saturation

• Fiscal deficit

What is the purpose of the bond connect initiative in China?

• To increase domestic savings

• To allow foreigners easier access to China's bond market

• To control inflation

• To regulate property prices

What lesson did China learn from the collapse of the Soviet Union?

• To rapidly expand its economy

• To avoid pushing reforms too far too fast

• To focus solely on industrial growth

• To increase military spending