Question 1

Which one of the following is NOT a sign that China has greatly benefitted from opening up its economy to world trade and foreign investment?

Accepted Answer

China gets into an all-out trade war with the US

Answer

Its economy has been growing at a rate far above the world average

Answer

Foreign direct investment has been pouring into China

Answer

Foreign trade has been steadily increasing in the last three decades

Question 2

Which one of the following is an import of services into China?

Accepted Answer

Chinese students pursue higher education abroad

Answer

Chinese government offers advisory services to importers

Answer

Chinese tourists buy Louis Vuitton handbags in Paris

Answer

Chinese merchants sell souvenirs to foreign tourists

Question 3

A British tourist flies from London to Beijing on an Air China flight. This is a Chinese airline.

Accepted Answer

import of service from the UK

Answer

export of service to the UK

Answer

export of good to the UK

Answer

import of good from the UK

Question 4

Which one of the following is (inbound) foreign direct investment in China?

Accepted Answer

A Hong Kong company puts their renminbi savings in the Beijing branch of Bank of China

Answer

An Australian dairy product manufacturer sets up a production plant in Beijing making cheese with Chinese milk

Answer

Haier Group Corporation relocates its research institute from Tokyo to Beijing

Answer

Subway IP Inc. sells its franchise to China-based franchisees

Question 5

Choose a Chinese industry that thrives on China’s globalisation

Accepted Answer

The electronics industry

Answer

The hospitality industry

Answer

The education industry

Answer

The automotive industry

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