The financial crisis that began in August 2007 initially had ________ effect on China but caused exports to fall by ________ percent.
A) no; 20
B) a moderate; 20
C) large; 20
D) no; 1

Question

Quizplus · Accepted Answer

The financial crisis that began in August 2007 initially had no effect on China due to its then relatively insulated economy and strong domestic financial system. However, as the crisis deepened globally, it eventually impacted China's export-driven economy, causing exports to fall significantly by 20 percent as global demand weakened.

The Financial Crisis That Began in August 2007 Initially Had