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