Xi Says China to Further Cut Import Tariffs, Criticized Protectionism

The video discusses China's economic strategies, focusing on Shanghai's free trade zones, import growth, and tariff reductions. President Xi emphasizes market reforms and globalization, while addressing economic risks and the need for foreign ownership reforms. The PBOC highlights potential Gray Rhino risks and financial stability measures.

What was President Xi's stance on globalization during the Shanghai Import Expo?

• He opposed globalization.

• He supported globalization.

• He was indifferent to globalization.

• He criticized globalization.

What measures did China plan to implement to stimulate consumer demand?

• Increase exports by $30 trillion.

• Decrease imports by $30 trillion.

• Grow imports by $30 trillion.

• Maintain current import levels.

Which sectors did China plan to open up to foreign ownership?

• Energy and mining

• Real estate and tourism

• Finance and agriculture

• Technology and manufacturing

How did President Xi describe the Chinese economy?

• As a stagnant pond

• As a turbulent river

• As a calm lake

• As an ocean buffeted by storms

What is a 'Gray Rhino' risk according to the PBOC?

• A completely unpredictable disaster

• A minor and insignificant risk

• A foreseeable but often ignored threat

• An unexpected and rare event

What approach did the PBOC plan to take in 2019 to handle risks?

• A delayed and cautious approach

• A reactive and rigid approach

• A passive and indifferent approach

• A preemptive and flexible approach

Which major conglomerate was categorized as systemically important by the PBOC?

• Huawei

• Alibaba

• HNA

• Tencent