MST19 Which of the following statements about Chinese economic performances (1949 to 1978) is INCORRECT?

a.

Production gains were much greater than population growth, so that productive capacity was able to outdistance essential consumption needs significantly (particularly in agriculture)

b.

Literacy rates and average life expectancy, as two major socioeconomic indicators for one country's level of human development, increased dramatically

c.

Though undergoing some fluctuations, GDP per capita increased steadily

d.

Due to centrally planned allocation mechanism, heavy industries grew fast, such as manufacturing, steelmaking and mining

From the earliest to the latest, when did each of following SOE reforms happen?

i). Enlarged SOE's autonomy and expanded the role of financial incentives within the traditional economic system.

ii). SOE's profit remittances were officially replaced by a profit tax.

iii). SOEs were allowed to sell above-quota output at negotiated prices.

iv). Contract management system to clarify the authority and responsibilities of SOE managers

a.

ii, iii, iv, i

b.

ii, iii. i, iv

c.

i, ii, iii, iv

d.

i, iii, ii, iv

MST21 From the earliest to the latest, when did each of following Opening-up policies happen?

i). Opened the Yangtze River Delta, the Pearl River Delta and Southern Fujian Triangle Area.

ii). Designated Shenzhen, Zhuhai, Shanto and Xiamen as Special Economic Zones (SEZs);

iii). Granted Guangdong and Fujian flexible policies to encourage foreign trade and investment.

iv). Opened 14 coastal port cities and Hainan Island

a.

i, ii, iii, iv

b.

iii, ii, i, iv

c.

ii, iii. i, iv

d.

iii, ii, iv, i

MST22 Which of the following commitments made by China to gain the accession of Trade Organization (WTO) in 2001 is INCORRECT?

a.

Tariffs on agricultural goods will be lowered to an average of 15 percent.

b.

To join the WTO, China agreed to accept same conditions as many other developing countries.

c.

Tariffs on industrial goods reduced to an average of 9%, and all import quotas will be removed by 2005.

d.

Foreign access is to be ensured through transparent and automatic licensing procedures in various sectors, including banking and insurance, legal and other professional services, telecommunications, and tourism.

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