Challenges for China's economy include
A) the privatization of China's industries
B) rising labor costs that detract from the competitiveness of China's exporting companies
C) the deterioration of China's environment
D) all of the above

Question

Quizplus · Accepted Answer

All of the above options are challenges facing China's economy. The privatization of China's industries is important to provide increased competition and efficiency, but it also brings challenges in terms of keeping state-owned enterprises competitive and managing the transition. Rising labor costs are a threat to China's exporting companies, which have relied on low labor costs as a competitive advantage, and the deterioration of China's environment has long-term implications for the health and wellbeing of its citizens, as well as the country's sustainability.

Challenges for China's Economy Include