Multiple choice

Direction: Choose the option that best captures the essence of the text.

When China entered the World Trade Organization in 2001, it agreed, among other things, to begin liberalizing its rules for foreign financial companies. By 2006, it will have to give them full access. Rolling out financial products and services and helping China's banks with their transaction to a market economy, however, is easier said than done, according to BCG consultants and Wharton professors.

  1. BCG consultants and Wharton professors are of the opinion that though China is willing to go through a transition where their market economy is concerned, it is going to be tough.

  2. China is ready to open its doors to foreign institutions. But liberalization is not so easy to achieve, said the BCG consultants and Wharton professors.

  3. In 2001, China entered the World Trade Organization and showed its interest in liberalization of financial policies. It is not so easy to get investors interested in their market transition.

  4. Though China has agreed to liberalize its rules for foreign financial companies, the actual process of achieving a market economy may not be so easy, according to BCG consultants and Wharton professors.

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 The last option captures all the main points of the intention of the Chinese government.