China's Premier Li Urges Fiscal, Monetary Policies to Boost Economy

The transcript discusses the economic challenges China faces post-COVID, highlighting concerns over a potential lack of a V-shaped recovery due to Omicron and strict lockdowns. Lee Chong urges the use of fiscal and monetary policies to stabilize the economy, focusing on employment as a key factor for stability. While specific measures are not detailed, expectations include possible cuts in bank reserve requirements and interest rates. The need to stabilize consumer prices and ensure grain supply is also emphasized.

What is one of the main concerns regarding China's economic recovery post-COVID?

• Decreased consumer spending

• Increased foreign investments

• The impact of the Omicron variant

• A rapid V-shaped recovery

What is one of the risks associated with the Omicron variant mentioned in the transcript?

• Increased tourism

• Flare-ups throughout the year

• Higher vaccination rates

• Improved healthcare systems

What did Lee emphasize as crucial for economic stability during the State Council meeting?

• Increasing exports

• Reducing government spending

• Enhancing digital infrastructure

• Employment

Which policy measure is expected to be considered to stabilize the economy?

• Increasing taxes

• Cutting interest rates

• Expanding public sector jobs

• Raising import tariffs

What did Lee urge to stabilize in response to rising prices?

• Foreign exchange rates

• Real estate market

• Consumer prices

• Export tariffs