20 MCQs on Last Week’s Chinese Financial News (Jan 31st – Feb 6th, 2024)

20 MCQs on Last Week’s Chinese Financial News (Jan 31st – Feb 6th, 2024)

Instructions: Choose the best answer for each question.

1. The People’s Bank of China (PBOC) announced it would maintain the one-year Loan Prime Rate (LPR) at ____ on January 31st.

 a) 4.15%
 b) 4.35%
 c) 4.55%
 d) 4.75%

2. Which tech giant saw its share price jump 10% on the Shanghai Stock Exchange last week, fueled by positive earnings news?

 a) Baidu
 b) Alibaba
 c) Tencent
 d) JD.com

3. Which major city in China announced plans to launch a pilot program for a digital yuan wallet last week?

 a) Beijing
 b) Shanghai
 c) Shenzhen
 d) Chengdu

4. China’s official manufacturing Purchasing Managers’ Index (PMI) for January came in at ____, indicating continued expansion in the sector.

 a) 49.9
 b) 50.1
 c) 51.3
 d) 52.5

5. China’s retail sales for January grew by ____ % year-on-year, marking a slight slowdown from December.

 a) 7.0%
 b) 8.2%
 c) 9.4%
 d) 10.6%

6. The Chinese government announced a crackdown on ____ last week, aiming to curb speculation and stabilize the market.

 a) real estate
 b) cryptocurrency
 c) commodities
 d) luxury goods

7. Which international automaker announced plans to increase its investment in electric vehicle production in China last week?

 a) Tesla
 b) Volkswagen
 c) Toyota
 d) General Motors

8. The Chinese yuan experienced ____ against the US dollar last week, reflecting global market volatility.

 a) appreciation
 b) depreciation
 c) remained stable
 d) fluctuated significantly

9. Which Chinese e-commerce platform reported a surge in online sales during the Spring Festival holiday period?

 a) Pinduoduo
 b) JD.com
 c) Alibaba
 d) Meituan

10. Which province in China announced a new policy to attract foreign investment in high-tech industries last week?

 a) Guangdong
 b) Jiangsu
 c) Zhejiang
 d) Sichuan

11. Which major Chinese bank reported a significant increase in net profits for the year 2023?

 a) Industrial and Commercial Bank of China (ICBC)
 b) Bank of China (BOC)
 c) China Construction Bank (CCB)
 d) Agricultural Bank of China (ABC)

12. The Chinese government announced plans to invest heavily in ____ infrastructure projects in the coming year.

 a) transportation
 b) healthcare
 c) education
 d) digital technology

13. Which Chinese property developer was reported to be facing financial difficulties and potential debt restructuring last week?

 a) Evergrande
 b) Fantasia
 c) Shimao Group
 d) China Fortune Land Development

14. The Chinese stock market experienced ____ last week, with the Shanghai Composite Index closing down ____% for the week.

 a) volatility, 2%
 b) stability, 1%
 c) gains, 3%
 d) losses, 4%

15. Which Chinese internet company announced a new partnership with a foreign technology firm to develop artificial intelligence (AI) applications?

 a) Baidu
 b) Alibaba
 c) Tencent
 d) JD.com

16. The Chinese government launched a new campaign to promote ____ tourism as part of its economic recovery efforts.

 a) domestic
 b) international
 c) both domestic and international
 d) neither domestic nor international

17. Which city in China hosted the annual World Economic Forum (WEF) Davos Agenda meeting last week?

 a) Beijing
 b) Shanghai
 c) Shenzhen
 d) Dalian

18. Which major trade deal did China and the European Union (EU) agree to resume negotiations on last week?

 a) Belt and Road Initiative (BRI)
 b) China-EU Investment Agreement (CAI)
 c) Trans-Pacific Partnership (TPP)