Question

Which of the following describe strategies that China used to achieve the status of a high-performing Asian economy? Check all that apply. Heavy Investment in building a world-class infrastructure to attract foreign investment Support of one-child policy Export of labor-intensive products Promotion of state-owned enterprises Which of the following describes why China's normal trade relation status has been a source of controversy in the United States? China requires the United States to adhere to tough environmental standards Chinese exporting firms compete against U.S. exporting firms. Chinese firms ignore product quality and labor standards. U.S. companies ignore product quality and labor standards,

Answer 1

Question 1

In 1980s, China embarked on high growth trajectory.

To achieve such high growth, China utilized following strategies -

1. China undertook heavy investment in building of world class infrastructure so that it can attract foreign investment.

2. China utilized its labor force in prudent way by undertaking large scale manufacturing of labor intensive products for exports.

Hence, the correct answer is the option (1) and (3).

Question 2

The China's normal trade relations with United States are a source of controversy because US runs a large trade deficit with China and also it accuses that Chinese firms use poor quality and weak labor standards.

Hence, the correct answer is the option (3) [Chinese firms ignore product quality and labor standards].