CICC's Zhang on China's Economy

CICC's Zhang on China's Economy

Assessment

Interactive Video

Business

University

Hard

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The video discusses China's economic recovery post-COVID-19, highlighting rapid growth in service consumption and predicting a 5.5% economic growth in 2023. It addresses challenges in the property market, with ongoing slumps in home sales and prices. Government measures to support the housing market are detailed, including mortgage rate cuts and improved financial conditions for developers. Consumption is emphasized as a key economic driver, supported by excess savings and improved income expectations. The video concludes with a positive outlook on investment resilience and property market recovery.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the predicted economic growth rate for China in 2023?

4%

5.5%

6%

7%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons for the slow recovery of the Chinese housing market?

COVID-19 impact

High interest rates

Lack of government support

Overproduction of homes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which measure has China taken to support the housing market?

Increased interest rates

Reduced construction permits

Cut mortgage rates

Increased property taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor affecting Chinese consumption in 2023?

Increase in exports

Access to excess savings

Rise in unemployment

Decrease in population

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the biggest story for Chinese economic recovery in 2023?

Export growth

Consumption

Technological advancements

Government investments