"As the Credit Crisis Unfolded Over the Past Year, One

"As the credit crisis unfolded over the past year, one of the few certainties in the global economy seemed to be China's ability to plough on regardless of double-digit growth rates...The ...crisis has also focused ...on the need to update a growth model that...is still dependent on assembling goods for export without adding much value and on heavy industries that create pollution. Chinese companies have continued to find new foreign markets for their products...several other factors point to a slowing property market...production of steel, cement and air conditioners was down... Retail sales have risen by 23 per cent in each of the last two months".
Beijing's Burden, www.FT.com, by Geoff Dyer, Sept. 23, 2008
-According to the article, ________ is expected to increase and add to China's ________ component of GDP.

A) retail sales; consumption
B) retail sales; investment
C) rental income; investment
D) rental income; exports

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free