00:03
All right, consider the most recent economic performance in china.
00:06
To what extent do you think it confirms and to what extent calls for adjustments in the analysis in china case study? well, we need to consider the most recent economic performance in china.
00:18
According to the world bank, china's gdp growth in 2020 was 2 .3%, making it the only major economy to grow during the covid -19 pandemic.
00:29
This growth was driven by a strong recovery in domestic consumption and exports, as well as effective control of the pandemic within the country.
00:38
This performance confirms several aspects of the analysis in the china case study.
00:43
It also confirms the importance of domestic consumption as a driver of growth.
00:49
Chinese government has been trying to shift the economy away from export -led growth towards a more sustainable consumption -driven model.
00:56
The recent performance shows that this strategy is working.
01:00
It also confirms the effectiveness of china's unique model of state -led capitalism...