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ʺAs the Credit Crisis Unfolded Over the Past Year, One

question 52

Multiple Choice

ʺAs the credit crisis unfolded over the past year, one of the few certainties in the global economy seemed to be Chinaʹs 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 monthsʺ.
Beijingʹs Burden,
-According to the article,_________ is expected to increase and add to Chinaʹs _________component of GDP.

Definitions:

Concentration of Buyers

Refers to a market situation where a small number of buyers control a large share of the market, potentially affecting pricing and competition.

Undifferentiated Products

Goods or services that are perceived as interchangeable with others in the market, lacking distinct features.

Competitive Forces

The external factors that affect a company's capability to compete in a market, including competitors, new entrants, substitute products, bargaining power of buyers, and suppliers.

Future Changes

Anticipated modifications or developments in a particular area or field over an upcoming period.