China SME Sentiment Hits Record-Low

China SME Sentiment Hits Record-Low

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the potential downturn in China's economic growth due to the coronavirus, as indicated by the SME Confidence Index. The index, a predictor of the PMI, shows a significant drop, reflecting disruptions in production and services. The government is expected to implement countercyclical policies, including fiscal measures and infrastructure investments, to support SMEs, which are crucial for employment and revenue. Monetary policies may also be adjusted to ensure liquidity and credit growth, aiming for economic recovery if the virus is controlled.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the SME Confidence Index indicate about China's economic growth in the first quarter?

A slight improvement in economic growth

Stability in economic growth

A sharp downturn in economic growth

A significant increase in economic growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of total employment in China is attributed to SMEs?

80%

50%

60%

70%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the government's strategies to support SMEs during the economic downturn?

Reducing export subsidies

Providing credit at preferential interest rates

Increasing import tariffs

Raising corporate taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What fiscal policy measure is China expected to implement to counteract the economic downturn?

Increase in social contribution rates

Decrease in medical equipment investment

Proactive fiscal policy with tax cuts

Reduction in infrastructure investment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Central Bank's objective regarding credit and liquidity in the economy?

To ensure credit grows faster than nominal GDP

To maintain liquidity at a low level

To reduce credit availability

To increase interest rates