Current Affairs · International Relations
Based on global macroeconomic analysis, which of the following statements is TRUE regarding recent international industrial trends?
- 1Middle-class wealth in developing nations is rising rapidly due to high housing prices.
- 2Western nations are concerned about China's industrial overcapacity in green technology.✓
- 3The real estate sector contributes over 50% of East Asian growth.
- 4China has permanently returned to its old 'bazooka' stimulus strategy of massive construction projects.
Correct answer
Western nations are concerned about China's industrial overcapacity in green technology.
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