Why Did Global Firms Not Reject China's Demand for Investing

question 4

Multiple Choice

Why did global firms not reject China's demand for investing in Chinese companies, so that China could move up the value chain?

• A) Because they wanted to avoid access to China's sizeable market
• B) In order to take advantage of China's cheap labor force
• C) So that China would buy billions of dollars' worth of U.S. government bonds that fund the U.S. budget deficit
• D) So that China could continuing taking advantage of the currency market.

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Definitions:

American Destroyer Greer

The American Destroyer Greer (DD-145) was involved in an incident on September 4, 1941, with a German submarine that preceded the United States' formal entry into World War II.

Fire First

In military terminology, the act of shooting or attacking before the opponent does, often used as a tactical advantage in combat situations.

Allies Relationship

The mutual support and cooperation between countries or parties that share common goals, interests, or enemies.

Mutual Quest

A collaborative endeavor undertaken by two or more parties with the aim of achieving a common goal or interest.