Societe Generale Raised China 2023 GDP Forecast From 5.3% to 5.8%

The video discusses the recent GDP upgrade due to positive surprises in the fourth quarter, highlighting the role of household consumption and savings. It explores the impact of the COVID policy and property market slowdown on household savings. High frequency data shows signs of economic recovery, particularly in mobility and congestion. Market implications, including yields and oil prices, are analyzed, with a focus on the CNY market. The video concludes with a discussion on inflation risks and the global economic impact, emphasizing the role of central banks in managing core inflation.

What was the previous GDP percentage before the recent upgrade?

• 5.8%

• 4.9%

• 5.3%

• 6.0%

What is one of the main reasons for the high household savings rate?

• Increased spending on goods

• Property market slowdown

• Decreased labor market participation

• High inflation rates

What percentage increase in travel was observed ahead of the Chinese New Year?

• 50-60%

• 60-70%

• 30-40%

• 70-80%

What is the forecasted 10-year yield for CGB?

• 3.0%

• 2.9%

• 3.1%

• 3.5%

What factor is central to the central banks' focus in managing inflation?

• Oil prices

• Consumer spending

• Labor market developments

• Property prices