Growth Not Top Priority for China This Year: Goldman’s Shan

The transcript discusses the impact of energy constraints and virus outbreaks on China's Q3 GDP, highlighting production cuts and liquidity injections by the PBOC. It explores China's policy tightening and structural reforms, indicating a shift in priorities away from growth. The Evergrande crisis is examined in the context of a broader housing market policy shift. The transcript concludes with a discussion on China's monetary policy stance, emphasizing the need to manage asset bubbles and maintain flexibility.

What was one of the main reasons for the downgrade in Q3 GDP?

• Virus outbreak and energy constraints

• Increased consumer spending

• Improved industrial production

• Rise in export activities

What is the expected role of the PBOC's liquidity injections?

• To increase inflation

• To manage market liquidity and seasonal patterns

• To decrease foreign investments

• To boost the housing market

What does the recent regulatory tightening in China suggest about its economic priorities?

• There is a shift towards increasing exports

• The focus is on reducing inflation

• Policymakers are focused on structural reforms

• Growth is the top priority

How is China changing its approach to the housing market?

• Increasing subsidies for homebuyers

• Focusing on housing for living, not speculation

• Stimulating the sector during economic pressure

• Encouraging speculation

What is the significance of the silence from China regarding Evergrande?

• It indicates a lack of concern

• It shows a focus on increasing exports

• It highlights a new monetary policy

• It suggests a shift in the growth model