China Premier Warns of 'Grave' Jobs Situation Amid Lockdowns

The transcript discusses the economic impact of COVID-19 on China, highlighting employment as a priority for policymakers. It addresses the challenge of balancing COVID-19 measures with economic growth targets. The government is focusing on job retention strategies amid rising unemployment. Recent COVID-19 case updates and restrictions in Beijing and Shanghai are also covered.

What is the main concern of the Chinese Prime Minister regarding the economy?

• Employment situation

• Trade deficits

• Currency valuation

• Inflation rates

What are the two conflicting goals China is trying to achieve?

• Reducing inflation and increasing exports

• Achieving COVID-0 and economic growth

• Lowering taxes and increasing public spending

• Improving education and healthcare

Which two major cities in China have seen intense measures over the weekend?

• Guangzhou and Shenzhen

• Beijing and Shanghai

• Wuhan and Chengdu

• Nanjing and Hangzhou

What was the jobless rate in China in March?

• 4.5%

• 5.8%

• 6.2%

• 7.0%

What action was taken in Beijing's Chao Yang district due to COVID-19?

• Public transport was increased

• Residents were required to work from home

• Restaurants were allowed to operate

• Schools were reopened