Question 1

Read the following test carefully and answer, Q. No.-12 and 13, given below : Chinese Economy Risks Deeper Slowdown than Markets Realise – (Bloomberg, 24th October, 2021) China's Economy risks slowdown faster than global investors realise. It is pushing to cut its dependence on real-estate. It has started regulating sectors from education to technology, as it is facing power shortage and the pandemic. Many economists have warned that the GDP growth rate will fall to 8.2% this year and to below 5% in the next year. China is now planning to stabilise debt growth, curb inequality and channelise resources into hi-tech manufacturing. Data released in last week already showed a sharp slowdown in third quarter GDP growth to 4.9% from 7.9% in the previous quarter. There is more pain likely to come as electricity shortage persist, while new COVID-19 infections are expected to rise in coming days. Even before the pandemic hit, China was surprising economists with slower-than-expected growth rate caused by the easing off debt risks. China's Premier Li Keqiang, announced in March a growth target of "above 6%" in the coming financial year. China has signalled, in recent weeks that it could loosen some policies like telling banks to pick up the pace of mortgage lending as a short term stimulus. Governor of People's Bank of China Yi Gang, recently said he sees an expansion of about 8% for this year. China's slowdown comes as the global recovery from COVID-19 risks looses momentum. Among those at risks from falling investments in China are commodity exporters like Australia, South Africa, Chile, Peru and Brazil. Slower trades could also hit countries like Malaysia, Singapore and Thailand. The other risk is that China's policy-makers may struggle to flick the switch back to growth model if they feel that's needed. Economists noted that the electricity shortages that are crimping industrial production will make it harder to cushion growth by boosting investment in infrastructure. That kind of policy could only work next year once the power crunch eases. State and discuss any two reasons that exhibit slowdown in the Chinese economy.

Accepted Answer

Based on the passage about China's economy:

Key points:
1. China faces deeper economic slowdown
2. Structural challenges in economy
3. Need for economic reforms
4. Impact on global economy

Analysis:
1. China's growth model faces challenges
2. Need for consumption-led growth
3. Structural reforms required
4. Impact on trade partners

The passage highlights the need for China to reform its economic model for sustainable growth.

Question 2

Read the following test carefully and answer, Q. No.-12 and 13, given below : Chinese Economy Risks Deeper Slowdown than Markets Realise – (Bloomberg, 24th October, 2021) China's Economy risks slowdown faster than global investors realise. It is pushing to cut its dependence on real-estate. It has started regulating sectors from education to technology, as it is facing power shortage and the pandemic. Many economists have warned that the GDP growth rate will fall to 8.2% this year and to below 5% in the next year. China is now planning to stabilise debt growth, curb inequality and channelise resources into hi-tech manufacturing. Data released in last week already showed a sharp slowdown in third quarter GDP growth to 4.9% from 7.9% in the previous quarter. There is more pain likely to come as electricity shortage persist, while new COVID-19 infections are expected to rise in coming days. Even before the pandemic hit, China was surprising economists with slower-than-expected growth rate caused by the easing off debt risks. China's Premier Li Keqiang, announced in March a growth target of "above 6%" in the coming financial year. China has signalled, in recent weeks that it could loosen some policies like telling banks to pick up the pace of mortgage lending as a short term stimulus. Governor of People's Bank of China Yi Gang, recently said he sees an expansion of about 8% for this year. China's slowdown comes as the global recovery from COVID-19 risks looses momentum. Among those at risks from falling investments in China are commodity exporters like Australia, South Africa, Chile, Peru and Brazil. Slower trades could also hit countries like Malaysia, Singapore and Thailand. The other risk is that China's policy-makers may struggle to flick the switch back to growth model if they feel that's needed. Economists noted that the electricity shortages that are crimping industrial production will make it harder to cushion growth by boosting investment in infrastructure. That kind of policy could only work next year once the power crunch eases. Discuss briefly any two measures, which you may suggest as an economic advisor to the government of China.

Accepted Answer

Based on the passage about China's economy:

Key points:
1. China faces deeper economic slowdown
2. Structural challenges in economy
3. Need for economic reforms
4. Impact on global economy

Analysis:
1. China's growth model faces challenges
2. Need for consumption-led growth
3. Structural reforms required
4. Impact on trade partners

The passage highlights the need for China to reform its economic model for sustainable growth.

Question 3

Compare and analyse the health status of India and China, on the basis of any two indicators from the given schedule : Indicators of Health in India in Comparison with other nations, 2015-17. Sources : HDI 2018 and WDI 2018.

Accepted Answer

Comparison of health status between India and China:

Indicator 1: Life Expectancy
- India: Around 67-70 years
- China: Around 76-78 years
Analysis: China has higher life expectancy due to better healthcare and public health measures.

Indicator 2: Infant Mortality Rate
- India: Around 30-35 per 1,000 live births
- China: Around 7-9 per 1,000 live births
Analysis: China has significantly lower IMR due to better maternal and child healthcare.

Overall, China has better health indicators due to higher investment in healthcare and social development.

Question 4

Based on the given data, compare any two parameters for the economies of India and China : Source : HDI Report 2014 & WDI

Accepted Answer

Comparison of India and China based on given parameters:

Parameter 1: Human Development Index
- India: Lower HDI value
- China: Higher HDI value
Analysis: China has better human development outcomes.

Parameter 2: Per Capita Income
- India: Lower per capita income
- China: Higher per capita income
Analysis: China has higher standard of living.

Overall, China has performed better on human development indicators compared to India.

Question 5

Compare and analyse the health status of India and Sri Lanka, on the basis of any two indicators from the given schedule : Indicators of Health in India in Comparison with other nations, 2015-17. Sources : HDI 2018 and WDI 2018

Accepted Answer

Comparison of health status between India and Sri Lanka:

Indicator 1: Life Expectancy
- India: Around 67-70 years
- Sri Lanka: Around 76-78 years
Analysis: Sri Lanka has higher life expectancy due to better healthcare infrastructure and public health measures.

Indicator 2: Infant Mortality Rate
- India: Around 30-35 per 1,000 live births
- Sri Lanka: Around 6-8 per 1,000 live births
Analysis: Sri Lanka has significantly lower IMR due to better maternal and child healthcare.

Overall, Sri Lanka has better health indicators due to higher investment in healthcare and social development.

Comparative Development Experiences of India and Its Neighbours

Study Simplify Special