Credit Agricole's Zhi on China's Economy, Stimulus

The transcript discusses the economic challenges faced by China, particularly in the property sector, and the need for targeted policy measures. It explores potential stimulus measures, analyzes PMI data, and highlights the importance of the property market in China's growth. The discussion also covers expectations for May activity data and China's hesitancy to deploy stimulus, focusing instead on quality growth.

What is the primary reason for Chinese policymakers to introduce more easing measures?

• To improve technological innovation

• To reduce inflation

• To stabilize market expectations and demand

• To increase exports

What is the main challenge in implementing a massive nationwide stimulus in the property sector?

• High inflation rates

• High hurdles and expectations

• Insufficient foreign investment

• Lack of government support

How do the NBSPMI and Ty Sheen PMI differ in their economic indications?

• NBSPMI is more optimistic than Ty Sheen PMI

• Both focus on the same sectors

• NBSPMI focuses on large enterprises, while Ty Sheen PMI focuses on small, export-oriented sectors

• Ty Sheen PMI has a larger sample size

What is the long-term strategy for the property sector in China?

• To increase foreign ownership

• To focus on living, not speculation

• To ensure a hard landing

• To encourage speculation

What is expected from the May economic data in terms of inflation?

• A decrease in credit data

• Stable inflation rates

• Continued PPI deflation

• A significant increase in CPI

Why are Chinese policymakers hesitant to deploy more stimulus?

• They are focusing on quality over quantity of growth

• They have already met their growth targets

• They are waiting for international support

• They are prioritizing technological advancements

What is the growth target set by Chinese policymakers for this year?

• 3%

• 10%

• 7%

• 5%