Agenda for 4/9

1. Leaving China A, for China B...video

• 1. How many Chinese villages are disappearing per day?
• 2. What important change happened to the Chinese population around 2011?
• 3. What do many Chinese people believe is necessary to find success in China?
• 4. Why did Ou Ning move himself and his family out of Beijing and to the rural area of Huizhou?

Turn in your answers to "Assignment #18"

2. Work on "Study Guide - Part II"

1. Key Terms

• Budget deficit
• Def: when a country spends more than it earns, and must borrow money.
• Significance: China lends money to the US - owns about 10% of US debt. 

• Trade Imbalance
• Def: When a country imports from a country more than it exports to a country
• Significance: US has a $295 billion trade imbalance/deficit with China

• Tariff
• Def: a tax on imported products (to make those products more expensice compared to home made products)
• Significance: China uses high tariffs to give to advantage to Chinese made products in China.

• WTO
• Def: World Trade Organization - sets the rules for global trade
• Significance: China has been more willing to follow the rules set by the WTO, and be more cooperative.

• Intellectual Property Laws:
• Def: the rules for securing and enforcing legal rights to inventions, designs, and artistic works.
• Significance: The US has pressured the Chinese gov. to enforce stricter IPL

3. Review answers from "Study Guide Part II"

HW - Study for quiz

• What to study from "Study Guide Part I":
• Questions: 6, 7, 8, 9, 10

• What to study from "Study Guide Part II":
• Questions: 1, 2, 4, 5, 7