CLEAN : World Bank chief urges China reforms opening up

The video discusses China's economic reforms aimed at improving the rule of law and market efficiency. It highlights the challenges of reducing inequality and enhancing living standards. The global economic slowdown is attributed to trade tensions, potentially costing $700 billion in GDP by 2020. Projections for 2020 suggest global growth at 3.4% and China's growth slowing below 6%, with an emphasis on being mindful of downside risks.

What role is the market encouraged to play in China's economic reforms?

• A passive role in resource allocation

• A supportive role in increasing state control

• A decisive role in resource allocation

• A minor role in reducing subsidies

Which of the following is NOT mentioned as a measure to improve China's economy?

• Reducing barriers to competition

• Improving the rule of law

• Allowing market-driven resource allocation

• Increasing state subsidies

What is a key factor contributing to the global economic slowdown?

• Increased global cooperation

• Stable political environments

• Trade tensions and uncertainties

• Rapid technological advancements

What is the projected global GDP loss due to unresolved trade tensions?

• $1 trillion

• $900 billion

• $700 billion

• $500 billion

What is the projected growth rate for China in 2020?

• Exactly 6%

• Above 6%

• Around 7%

• Below 6%