PBOC Will Keep Monetary Policy Accomodative: ANZ's Kusuma

The transcript discusses China's economic outlook with a 4.9% growth target, highlighting macroeconomic challenges and the need for both long-term and short-term policy measures. Policymakers are engaging more with businesses to address concerns, but structural economic issues persist. The People's Bank of China (PBOC) is expected to maintain accommodative monetary policies, with potential rate cuts in 2024. However, monetary easing alone may not suffice, and additional measures are needed to boost consumer confidence and address high youth unemployment.

What is the GDP growth target for China in 2023 as mentioned in the video?

• 5.5%

• 4.9%

• 6.0%

• 3.8%

What recent actions by policymakers are seen as positive steps?

• Reducing foreign investments

• Engaging with businesses

• Implementing strict regulations

• Increasing taxes

What is the nature of the economic slowdown in China?

• Cyclical

• Temporary

• Structural

• Seasonal

What is expected from the PBOC regarding monetary policy?

• Reduce foreign reserves

• Keep policies unchanged

• Increase interest rates

• Implement high leverage strategies

What additional measures are needed to support medium-term growth?

• Ignore private sector activities

• Focus solely on long-term measures

• Address consumer confidence and youth unemployment

• Increase high leverage