China: A Deeper Look—China’s Economic System Quiz In order to receive 1 hour of CFP credit, you must receive at least a 7/10 score on the quiz Question Title * 1. Name Question Title * 2. Email Question Title * 3. CFP Board ID Question Title * 4. Which of the following is NOT a characteristic of The New China economy? Pro-market Central planning Pro-growth Pro-technology Question Title * 5. When did China join the World Trade Organization? 1980 1990 2001 2008 Question Title * 6. The decentralization of economic production, large-scale capital investment, and rapid productivity growth were key drivers of China’s market reforms in 1978. True False Question Title * 7. What was the role of the market in China’s economy in 1992? A planned economy was the mainstay, supplemented by market regulation The market played a decisive role in resource allocation and the government The market played a fundamental role in resource allocation under the macro-control of socialist countries The market played no role in China’s economy Question Title * 8. What is China’s current share of the global GDP? 60% 10% 30% 20% Question Title * 9. China’s economic rise has not led to an increase in energy prices over time. True False Question Title * 10. Which of the following is NOT a consequence of China’s aging population? A growing workforce Lower productivity Higher welfare cost for China’s society The government will need to quickly build a network of social benefits Question Title * 11. How does China’s after-school tutoring (AST) ban help address economic and social issues? The ban directly reduces education spending for Chinese families The ban reduces the capital-fueled expansion of AST The ban reduces social inequality All of the above Question Title * 12. What is the largest asset class among households in China? Stocks Mutual Funds Housing Bonds Question Title * 13. What segment comprises the highest level of China’s total corporate debt? State-owned enterprises (SOEs) Household Government Private companies Done