Transcript:  >> General Motors, two years after it was saved by US Government bailout is trumpeting its latest investments in China, of all places. CBS News business and economics correspondent Rebecca Jarvis is in Shanghai China with more on the American automaker's big Asian announcement. >> Here on the streets of Shanghai American cars are more popular than ever. In fact, the US automakers, like General Motors sell more cars here than anywhere else in the world and while that's good news for the American car companies, it makes many question what it will mean for American jobs. Visit is General Motors in Shanghai and you'll find a lot of what you would in Detroit. So how similar does this plant look to one in the United States? >> It is very similar. I mean the process is the same, systems are the same quality systems are the same. Really, the only difference were the employees. >> With its Chinese partner, FAIC, GM manufactures Buicks, Chevys and Cadillacs in China for the Chinese market. It employs more than 13,000 people throughout the country. On Wednesday GM opened an advance technology center in Shanghai meant to help it design lighter, safer and more efficient cars for a market that has proved crucial to its survival. How important is being here in China to General Motors and the future of your business? >> It is obviously very important. There is a strong growth market, it is growth industry. We're here in China [inaudible] market. >> Last year Chinese consumers bought 16.6 million cars. That's five million more than the number of cars sold in the entire United States. So far all of the cars GM sells in the US are also made there. >> Do you see a time or a day when General Motors could be producing cars here and shipping them back to the US? >> I think right now we have our hands full just producing cars for the local market. >> Well, General Motors won't say whether eventually those electric vehicles are going to be produced for the United States here in China. Clearly China has a competitive advantage. Lower costs and skyrocketing sales. 

1. Which of the following are reasons that GM gives for opening an advanced design and technology operation in China? Check all that apply.

a. China has a strong growth market for cars.

b. GM wants to design lighter and safer cars.

c. GM wants to outsource car manufacturing to reduce costs.

d. American cars are popular in China.

2. The companies that provide steel for the cars manufactured in GMs Shanghai plant are part of the auto manufacturers ______ environment, specifically its ______.

first blank options:

internal

general

global

task

second blank options:

technological rivals

competitors

employees

suppliers