China's Key Policy Rate to Remain Unchanged This Year: BofA

China's Key Policy Rate to Remain Unchanged This Year: BofA

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses China's economic performance, highlighting the strong industrial rebound supported by domestic and external demand. However, the service sector lags, affecting overall growth. Consumption trends show a recovery in retail sales, but services remain slow due to COVID-19 concerns. The People's Bank of China (PBOC) is expected to maintain low interest rates to support the economy, as the service sector is still underperforming.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the National Bureau of Statistics say about China's consumption contribution to GDP growth?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns are raised regarding the PBOC's potential actions in the coming year?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the overall outlook for the Chinese economy based on the data discussed?

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