China's Growth to Continue to Slow, JPMorgan's Ng Says

China's Growth to Continue to Slow, JPMorgan's Ng Says

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the current economic slowdown, highlighting the contraction in auto sales and the persistent high PPI prices. It examines the government's counter-cyclical measures, including monetary and fiscal policies, aimed at stabilizing growth. The focus is on tax cuts for the corporate and household sectors to boost private sector efficiency. However, there is uncertainty about the impact of these measures on the real economy. The GDP growth is expected to slow, with a forecast of 6.2% for the year, and the policy response is notably different from past cycles.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current trend in auto sales according to the transcript?

Auto sales are increasing for the first time in 20 years.

Auto sales are stable with no significant change.

Auto sales are contracting for the first time in 20 years.

Auto sales are fluctuating without a clear trend.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What measures is the government focusing on to support the economy?

Reducing infrastructure investment and increasing taxes.

Encouraging private sector investment without government intervention.

Increasing interest rates and reducing taxes.

Counter-cyclical measures including monetary and fiscal policies.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected GDP growth rate for the fourth quarter?

5.4%

7.4%

6.4%

8.4%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the current policy response differ from past cycles?

It focuses on a credit boom and housing sector support.

It emphasizes fiscal policy with tax cuts for corporates and households.

It relies solely on monetary policy adjustments.

It avoids any form of government intervention.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential caveat of reducing the tax burden for corporates and households?

It may lead to increased savings rather than spending.

It ensures a rapid economic recovery.

It guarantees increased spending in the economy.

It has no impact on the economy.