China Will Deliver More Policy Easing to Shore Up Growth: Chen

The video discusses China's economic outlook, focusing on trade sustainability amid the Omicron variant. It highlights China's export and import growth trends, the impact of rising costs, and the potential for economic policy adjustments in 2022. The discussion also covers the US Federal Reserve appointments and China's COVID-19 strategy, emphasizing the dynamic clearing approach to minimize economic disruption.

What was the main driver of China's growth in 2021?

• Domestic consumption

• Export growth

• Infrastructure investment

• Tourism

What is one factor contributing to the expected deceleration in China's export growth?

• Rise in tourism

• Increase in domestic demand

• Decrease in shipping costs

• Unwinding of front loading

What is the expected GDP growth rate for China in 2021?

• 5%

• 8%

• 6%

• 10%

What policy stance is Beijing expected to take in 2022 to stabilize growth?

• Deflationary

• Restrictive

• Neutral

• Pro-growth

Who are some of President Biden's picks for the Fed Board of Governors?

• Janet Yellen, Jerome Powell, Ben Bernanke

• Henry Paulson, Larry Summers, Robert Rubin

• Lisa Cook, Philip Jefferson, Sarah Bloom Raskin

• Alan Greenspan, Paul Volcker, Timothy Geithner

What is the new approach China is taking towards COVID-19 management?

• Dynamic clearing

• Complete lockdown

• Vaccination only

• Herd immunity

What is a potential impact of China's COVID-19 strategy on its economy?

• Increase in tourism

• Continued weakness in consumption

• Rapid GDP growth

• Boost in domestic consumption