Assessing the Health of China's Economy

The video discusses the potential changes in US-China trade relations in 2018, highlighting the possibility of increased trade conflicts and tariffs. It explores China's economic transition towards a service-based economy and its impact on the labor market, with a focus on job creation in the service sector. The discussion also touches on the resilience of domestic consumption in China despite a slowdown in investment.

What potential change in US-China relations is discussed for 2018?

• Increased cooperation in technology

• Shared environmental policies

• Joint military exercises

• More trade tensions and possible tariffs

What investigation is mentioned as a potential source of trade noise between the US and China?

• Special 301 investigation

• Military cooperation review

• Cultural exchange program

• Environmental impact assessment

How has China's economy been transforming in recent years?

• From a technology-based to an agricultural economy

• From an investment-based to a service-based economy

• From a consumption-based to an investment economy

• From a service-based to an industrial economy

What is one implication of China's shift towards a service-based economy?

• Less pressure to create as many jobs as before

• Decreased focus on domestic consumption

• Higher reliance on foreign labor

• Increased pressure to create more industrial jobs

What sector is seeing more job creation in China due to economic transition?

• Agriculture

• Manufacturing

• Service

• Mining