Question
As the credit crisis unfolded over the past year, one of the few certainties in the global economy seemed to be China's ability to plough
"As the credit crisis unfolded over the past year, one of the few certainties in the global economy seemed to be China's ability to plough on regardless of double-digit growth rates...The ...crisis has also focused ...on the need to update a growth model that...is still dependent on assembling goods for export without adding much value and on heavy industries that create pollution. Chinese companies have continued to find new foreign markets for their products...several other factors point to a slowing property market...production of steel, cement and air conditioners was down... Retail sales have risen by 23 per cent in each of the last two months".
Beijing's Burden, www.FT.com, by Geoff Dyer, Sept. 23, 2008
20)According to the article, ________ can be expected to ________ this year.
A)exports; increase B)consumption; decrease
C)net interest income; decrease D)imports; decrease
21)According to the article, ________ are expected to contribute ________ to China's real GDP in 2008.
A)exports and consumption; positively B)exports and investment; negatively
C)consumption and government spending; negatively D)rental income and investment
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started