China's economy is fueled primarily by
A) fixed asset investment, such as investing in buildings and roads.
B) foreign portfolio investment, such as the purchase of European stocks and bonds.
C) technological innovation, such as advances in medical care.
D) consumer spending on domestic goods and services.

Question

Quizplus · Accepted Answer

China's economy is primarily fueled by fixed asset investment, such as investing in buildings, infrastructure, and roads, which has helped to spur economic growth in the country over the past few decades. While consumer spending has become increasingly important in recent years, it still lags behind fixed asset investment as a driver of economic activity. Foreign portfolio investment and technological innovation are also important components of China's economic growth, but they are not as prominent as fixed asset investment.

China's Economy Is Fueled Primarily by