news bulletin – answers

China: Stimulus working

questions

1. What were government stimulus measures aiming to do? stoke the economy (stoke – cause to increase)
2. How are they doing? they have exceeded all expectations
3. What are Beijing leaders doing? hinting that more (stimulus measures) may be coming
4. What has China’s economy seen? signs of bottoming (reaching the lowest point)
5. What 2 factors have helped the Chinese economy? $580 billion in stimulus measures and loose monetary policy
6. How much will China’s economy grow this year? within a range of 7% – 8%
7. What will emerge steadily throughout the year? new measures beyond the stimulus
8. How many industry sectors are being supported? 10
9. Which 2 other policy measures are mentioned? technological assistance and welfare programmes
10. What was GDP growth in the first quarter? 6.1%
11. How did this compare with previous years? it was a multi-year low (lowest for a very long time)
12. What happened in April? China fell deep into deflation