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- 1. Multiple Choice
What year did the 'opening up' strategy begin?
1977
1978
1979
1980
- 2. Multiple Choice
Where were the special economic zones created?
Shenzen and Beijing
Beijing and Shanghai
Shanghai and Shenzen
Wuhan and Tianjin
- 3. Multiple Choice
What feature attracted FDI to these cities?
Corporate tax lowered from 33-15%
No corporate tax was levied
Labour costs were capped at $2 per day
Trade duties were completely abolished
- 4. Multiple Choice
How did the SEZ's contribute to economic growth?
They raised tax in the economy
They increased profit for foreign companies
They led to new ideas in the economy
They created an increase in export revenues
- 5. Multiple Choice
What year did China enter the WTO?
1999
2000
2001
2002
- 6. Multiple Choice
How did entry to the WTO affect growth?
It increased access to foreign markets
It gave China a voice at the WTO
It increased access of foreign companies to China
It led to increased tariffs in China
- 7. Multiple Choice
What was the economic benefit of internal labour migration?
Autonomy of the population
Cities became more poulated
Labour was able to be used to benefit the profits of TNCs
Labour was allocated efficient industries such as construction and manufacturing
- 8. Multiple Choice
Key benefits of the post GFC stimulus were:
Increased imports and increased confidence of firms and consumers
increased confidence of firms and consumers and increase of 2-3% GDP
An increase of 2-3% GDP and an increase of 38% export growth
An increase of 38% export growth and increased imports
- 9. Multiple Choice
Chinas average annual eco growth rate since 1978 has been approximately:
6%
8%
10%
12%
- 10. Multiple Choice
A benefit and a risk (in order) of the Belts and Roads initiative is:
Reduced carbon emissions and reduces trade
Increased trade and increased carbon emissions
Increased FDI and lower debt levels
Reduced FDI and higher debt levels
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