China Vows Bigger Spending to Boost Consumption

China Vows Bigger Spending to Boost Consumption

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The Central Economic Work Conference concluded with broad outlines for China's economic priorities, focusing on boosting domestic demand. Despite the lack of detailed plans, the conference emphasized the need to address challenges in the property sector, exports, and domestic confidence. The growth target is expected to be around 5%, but some economists suggest the actual growth may be lower. The conference also highlighted the importance of fiscal policies and social safety nets to support the economy.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main economic priority outlined by the Central Economic Work Conference?

Reducing fiscal deficit

Increasing exports

Enhancing foreign investments

Boosting domestic demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What measures are being taken by certain cities like Beijing and Shanghai to encourage spending?

Offering free public transportation

Implementing a local voucher system

Providing direct cash handouts

Reducing taxes on luxury goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When will the growth target for China be announced?

In March

In January

In December

In June

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did economist GAO Shanwan suggest about China's current growth rate?

It is likely overstated and could be about 2%

It is higher than reported

It is consistent with last year's rate

It is around 5.2%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected growth target for China as per the discussion?

Around 6%

Around 5%

Around 4%

Around 3%