The passage given below is followed by four alternate summaries. Choose the option that best captures the essence of the passage.
All the high-frequency data coming from Beijing have, by now, established that the world's second-largest economy is slowing down but one thing that economists and financial experts are still divided on is whether China can stage a comeback considering the growing challenges like a sharp rise in youth unemployment, mounting debts, and a slowdown in domestic consumption. China watchers say that Beijing has proven in the past that it has the ability to bounce back and it may do it again despite concerns that its current challenges are far deeper than what it overcame in past years.
The passage given below is followed by four alternate summaries. Choose the option that best captures the essence of the passage.
All the high-frequency data coming from Beijing have, by now, established that the world's second-largest economy is slowing down but one thing that economists and financial experts are still divided on is whether China can stage a comeback considering the growing challenges like a sharp rise in youth unemployment, mounting debts, and a slowdown in domestic consumption. China watchers say that Beijing has proven in the past that it has the ability to bounce back and it may do it again despite concerns that its current challenges are far deeper than what it overcame in past years.
Option 1 -
Despite deeper issues, China's economy is stagnating, and experts are divided on whether it will recover in the face of rising youth unemployment, loans, and domestic consumption slowdowns.
Option 2 -
Beijing is trying to uplift its economic status in the world but there are many concerns that they need to focus upon first.
Option 3 -
China's economy is all set to make a comeback after years as it has already proved in the past years what they are capable of doing despite deeper tensions.
Option 4 -
Many economists and financial experts are concerned about the stagnating growth of China's economy.
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1 Answer
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Correct Option - 1
Detailed Solution:The first option uses all the relevant key words and state the given paragraph briefly keeping the meaning intact.
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