Question

Why was China relatively unaffected by the Great Depression? Question 13 options: Exports made up a small part of its economy. China was supported heavily by British investors. It didn’t trade with the rest of the world. China had a huge money surplus to keep the economy going.

Answer 1

The rural economy was hit hard by the Great Depression of the 1930s, in which an overproduction of agricultural goods lead to massive falling prices for China as well as an increase in foreign imports (as agricultural goods produced in western countries were "dumped" in China).

In 2019, travel & tourism in China contributed $992 billion to the Chinese GDP. Other services that are big in China include transportation, real estate, and construction.

Economists generally attribute much of China's rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. ... The large level of domestic savings has enabled China to support a high level of investment.

Answer 2

Exports made up a small part of its economy.

Step-by-step explanation:

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