Goldman Expects China's Economy to Grow 4.5% This Year

The video discusses the current economic situation, highlighting the impact of COVID-19 on consumption and the industrial sector. It reviews policy measures by the PBOC and 4X regulators aimed at mitigating economic challenges. The forecast for economic growth is adjusted to 4.5% due to COVID-related drags and property sector issues. Unemployment, especially among youth, is a concern, prompting government focus on labor market stabilization. The effectiveness of policy measures depends on COVID containment, with potential easing in the coming months.

What was the impact of zero COVID local outbreaks on the economy?

• Increased industrial production

• Boosted retail sales

• Negative impact on consumption services

• Strengthened the property sector

Which sector showed an upside surprise despite the economic challenges?

• Retail sector

• Industrial sector

• Agricultural sector

• Tourism sector

What is one of the key focuses of the measures introduced by the PBOC?

• Strengthening the tourism sector

• Increasing taxes

• COVID-19 assistance and logistics

• Reducing exports

What is the forecasted growth rate for the year according to the discussion?

• 6%

• 5.5%

• 4.5%

• 3%

What is a major concern regarding the labor market in China?

• Overemployment in rural areas

• Excessive job opportunities

• Lack of skilled workers

• High unemployment among younger workers

What is the government's approach to stabilizing the labor market?

• Increasing taxes

• Limiting foreign investments

• Implementing easing measures

• Reducing infrastructure investment

What is the jobless rate mentioned in the discussion?

• 6.2%

• 7%

• 5.8%

• 4.5%