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Questions and Answers
What did Ms. Wong compare in her analysis of China's outbound spending?
What did Ms. Wong compare in her analysis of China's outbound spending?
- Chinese economic size vs. destination countries' GDP
- China's GDP vs. travel expenditures in destination countries
- Visitor numbers vs. balance of payments in China
- Balance of payments vs. inbound spending in destination countries (correct)
Based on the text, what factor contributed to the large gap between China's reported travel expenditure and the level predicted by an economic model?
Based on the text, what factor contributed to the large gap between China's reported travel expenditure and the level predicted by an economic model?
- Growth of China's GDP
- Capital controls tightening
- Historical travel patterns from China
- Distance between China and destination countries (correct)
What did policymakers do in response to the gap between China's inbound and outbound spending measures?
What did policymakers do in response to the gap between China's inbound and outbound spending measures?
- Encouraged more travel spending
- Revised past economic predictions
- Deposited funds in Chinese households
- Strengthened capital controls and reviewed transactions (correct)
What is a key reason why many Chinese households may want to diversify their assets, based on the text?
What is a key reason why many Chinese households may want to diversify their assets, based on the text?
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