Reference no: EM133427198

Questions

1. Which of the following policy initiatives or institutions is an example in the initial stage of China's economic reform that led to the widening regional gap?

The dual track arrangement

Separating the management and ownership of SOEs

Granting managers of SOEs more autonomy

The "fiscal contracting system"

2. In the 1990s and 2000s, "_____" became the dominant narrative of the "strategic partnership" between the U.S. and China.

tacit alliance

rapprochement

strategic alliance

constructive engagement

3. Which of the following statements about China's external national security is true?

China for a long time adopted an outward bound strategy with a blue-water navy.

The PRC has had an openly stated military strategy since 1949.

The nature of the South China Sea dispute has been transformed from competitive over resources to a battle of security.

China's conflicts with neighboring countries are always perceived as threatening China's national security even without the involvement of Washington or Moscow.

4. China's state-owned enterprises (SOEs) in the pre-reform era _____.

were directly controlled by provincial and municipal governments and employed most of urban laborers

fulfilled production targets assigned by the state and sold their products determined by the supply and demand of the market

offered rural populace the benefits and services that formed a comprehensive system welfare coverage

received operating funds from the state budgets, with profits transferred to the state and reinvested in SOEs

5. Which of the following statements regarding China's SOEs and FDI is FALSE?

SEOs have taken a large share of all bank loans, while SMEs have significant less access to formal financial support.

Increased FDI by Chinese SOEs allows China to recycle its massive foreign exchange holdings and domestic savings.

With the increase of their R&D abilities, Chinese SEOs have controlled the key design and high-tech inputs of FDI in China.

The majority of Chinese SOEs' sales revenue comes from well-protected domestic market that shields them from direct competition with the world's leading competitors.