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From Reform to Innovation: Entrepreneurs & “ ...
Game Code: 4032817
English
16
Public
Chinese Economic
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Anika
10
Share From Reform to Innovation: Entrepreneurs & “Made in China”
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Who am I?
Jack Ma(Alibaba)
15
Guess the company
Hua Wei
15
Guess the company
Xiao mi
15
Guess the company
BYD
10
What best describes Alibaba’s business model?
State-owned enterprise
Manufacturing
Resource extraction
Platform economy
15
Huawei’s main source of competitiveness comes from:
Research and development
Low labour costs
Online platforms
Advertising
15
Xiaomi’s strategy is best described as:
Government monopoly
High price, low volume
Low price, high volume
Luxury branding
10
Which factor MOST helped these companies grow after Reform and Opening-Up?
Central planning
Isolation from the world
Agricultural collectivisation
Market competition and openness
5
“Made in China” originally referred mainly to:
Cheap labour and mass production
Innovation and branding
Cultural products
Financial services
5
Today, “Made in China” increasingly means:
Low quality
Copying foreign products
Full supply chain and upgrading
Manual labour only
5
Which transformation best describes many Chinese companies?
From global to local
From private to state-only
From service to agriculture
From low-cost to high-tech
10
Which early problem did Alibaba solve in China’s economy?
Lack of population
Lack of trust between buyers and sellers
Lack of factories
Lack of natural resources
15
Why did Huawei invest heavily in R&D even when profits were low?
To follow government orders
To reduce employee numbers
To build long-term technological independence
To avoid marketing costs
15
Why does Xiaomi sell phones with low profit margins?
Government price control
Phones are not important anymore soon
To build a large user base and ecosystem
Because it lacks technology
15
Which company would struggle the MOST without China’s manufacturing system?
Huawei
BYD
Tiktok
Alibaba
15
Which sentence BEST summarises the relationship between policy and business in China?
Companies operate without policy influence
Government controls all companies
Policy blocks innovation
Policy and market interact closely
15
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