Growth slows but China is not collapsing

Is the Chinese economy going to face the same problems as many western ones?

Read this BBC article and answer the following questions:



Level 1: Knowledge
1a) Define the term “Gross Domestic Product”
1b) Identify the fiscal policy and monetary policy measures taken by the Chinese Government that are mentioned in the “Limited effect” paragraph

Level 2: Application
2) Explain the difference between Chinas calculation of its GDP and that of most other economies, and why this makes the job of an economist harder

Level 3: Analysis
3) Based on your knowledge of Western economies such as the USA, examine the comment president of Shanghai Current Economics Research Institute (Wang Liang) when he said that "I don't think the stimulus package will have much effect,"

Level 4: Evaluation
4) Discuss the argument put forward by Professor Sun Lijian, from Shanghai's Fudan University in this article.

Note Level 1 – Level 4 are questions based on IB standards where
Level 1: Knowledge
Level 2: Application
Level 3: Analysis
Level 4: Evaluation

Words in bold (define, explain…) have a specific meaning in the IB Diploma Program (DP). The meanings are in Glossary of Command Terms Section of the IBO DP Business and Management Guide available at the OCC and from my website