Takeaways From Chinese Premier Li's Speech at the WEF

Takeaways From Chinese Premier Li's Speech at the WEF

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Interactive Video

Business

University

Hard

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The video discusses China's economic growth, highlighting its low unemployment rate and GDP growth target of 6.3% to double its GDP by 2020. It explores financial repression, high savings rates, and market restrictions. The video also covers China's economic reforms, including bond market liberalization, and draws lessons from the Soviet Union's collapse, emphasizing gradual reform and growth.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is meant by the term 'financial repression' in the context of China's economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Chinese government plan to improve the transmission mechanism between savings and investment?

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