A report appeared in the Financial Times on 18 January, 2016, noted that the South Korean Finance Minister had voiced confidence in China’s economic outlook, and had declared that “he endorsed Beijing’s predictions of a ‘soft landing,’ saying Seoul expected China’s economy to grow between 6 percent and 7 percent this year.”

a. In your opinion, why was the South Korean Minister so concerned about China’s “soft landing?”

b. Do you think that the rate of exchange of the Won/RMB is a factor in this

“soft landing?”