Why China’s Economic Recovery Is Outpacing the U.S.

What was a key factor in China's V-shaped economic recovery?

• Reduction in export tariffs

• Increased foreign investments

• Effective containment of COVID-19

• Massive fiscal stimulus

Why is it challenging for companies to replace China as a manufacturing hub?

• Lack of skilled engineers in other countries

• High cost of labor in China

• Limited access to raw materials in China

• Strict environmental regulations in China

What is the concept of 'reshoring' in the context of global supply chains?

• Reducing production costs by using local materials

• Increasing exports to China

• Bringing production back to the home country

• Outsourcing production to other Asian countries

What is the goal of China's dual circulation strategy?

• To increase foreign investments

• To become self-sufficient in key technologies

• To expand its export markets

• To reduce domestic consumption

Which technology is considered a 'choke point' for China's self-sufficiency efforts?

• Semiconductors

• Pharmaceuticals

• Automobile manufacturing

• Renewable energy